Offers Invited!

Stunning penthouse apartment with a remediation project soon to commence. Occupying the entire top floor, it offers sunny open plan living, three bedrooms, two bathrooms, an office space, a double garage with extra depth, a lift and a wraparound balcony with Mount and harbour views.

Project plans have been designed by architectural agency Creative Space and in addition to enhancing the apartment’s visual appeal, the project will ensure the entire exterior envelope is brought up to current building code requirements including double glazed joinery and full re-clad.

The current estimate of repairs for Apart 5 is $450,000 but until final tenders are received in the next few weeks costs remain uncertain. Therefore, the apartment is being sold on the following basis:

– The purchaser assumes liability for the remedial work.
– The purchaser takes the unit at a price that reflects the risk they are taking on, with uncertain remedial costs.

Our vendor has financed the project up to this point and is no longer able to see this project through to completion. A project summary report is available on request, which includes a copy of the Body Corporate Owners’ Agreement and with a CV of $1,150,000 this is a once in a lifetime opportunity.

Contact Matt or Sandra today to view.