Residential apartment
This top floor studio apartment is in the Calais Mount Resort - situated in arguably the best position downtown the Mount. Mauao and the Mount hot pools are across the road, and you're only a short stroll to the world-class main Mount beach to the East and Tauranga's scenic and busy harbour to the west.
But the Calais Resort has weathertightness issues, and a major remedial project is scheduled in July 2020. Sadly, the current owners are not in a position to retain their top floor studio apartment, allowing you to invest in one of the Mount's best locations below market value!
The Calais is a managed apartment building offering stress-free management of the apartment if you are buying it as an investment. Alternatively, live in it permanently or make it your holiday home.
Important Information:
Apartment Size: 38m2
Rateable Value at 1/7/2018: $245,000
Rates per annum: $1,922
Remedial Levy: $239,809.46
Important Dates:
20th April 2020 - Either the full amount or 10% of the remedial levy to be paid - 1st Instalment
20th May 2020 - 45% of the remedial levy to be paid - 2nd Instalment
20th June 2020 - 45% of the remedial levy to be paid - 3rd and final Instalment
1st July 2020 - Proposed start date for the building work to begin
14 months - the estimated length of time for the rebuild.
To access property documents, copy and paste: http://www.propertyfiles.co.nz/property/MTM10614