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How
much is my investment? |
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The
price of apartments start from NZ$157,000
and includes furniture package and carpark.
The apartment price is zero rated for GST
as a going concern.
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What
facilities are there?
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Apartments
are fully self contained with bathrooms, laundries
and kitchens. 68@Ponsonby also accommodates
a cafe, commercial space and retail outlet
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Can
I stay in my suite? |
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All
investors are entitled to ten days accommodation
per annum (subject to availability of the
apartment). They may also be assigned to your
family or friends. A small minimal service
charge applies.
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What
outgoings are payable on my investment? |
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The
annual outgoings will include Body Corporate
fees and Auckland City Council rates.
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Can
I inspect my apartment? |
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Yes,
any time as long as prior notice is provided
to Quest. Important Purchasing Information.
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Who
maintains my apartment? |
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The
management company is responsible under the
lease to maintain your apartment. Quest is
responsible for all non-structural maintenance,
including any replacement or repairs to the
furniture.
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Can
I sell my investment at any time? |
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Yes, you
are free to sell your investment at any time,
just as you can do with any property.
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Has
Quest ever not taken up its option to release? |
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No.
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Has
any Quest licencee defaulted under the Quest
lease structure proposed for 68@Ponsonby? |
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No.
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How
long does the lease run? |
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The lease
runs for a potential 20 years (10 years with
2 x 5 year options) from commencement date
(practical completion). The management company
will be responsible for leasing, advertising
and the maintenance of your investment.
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What
am I purchasing? |
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You
are purchasing a freehold investment apartment.
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What
is the difference between a lease and a rent
guarantee? |
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The
value of a lease is determined by the market
rent for your apartment in the open market.
A rent guarantee can be set at any level,
often leading to inflated levels of income
and value.
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How
often do I receive rent payments? |
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The
rental is payable each calendar month in advance
by automatic payment to your bank account.
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Who
is responsible for paying my return? |
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A
franchisee of the Quest Apartment Group,
Australiasia ’s largest serviced apartment
operation, is responsible for paying your
rental.
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How
many types of apartments are there?
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There
is a selection of studios, one bedroom and
two bedroom apartments available.
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