Need urgent help to understand this plan

Discussion in 'Investment Strategy' started by vsdabhi, 9th Nov, 2009.

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  1. vsdabhi

    vsdabhi Member

    Joined:
    1st Jul, 2015
    Posts:
    16
    Location:
    Perth WA
    Hi Everyone,
    I am interested to buy a property. It is survey strata subdivided. Please see the attachment, it shows 92m2 CP3 that is common for both lots. How can bemanaged? I am interested in front property 370m2. If I buy it, do I need to pay for that 92m2 area's road or concrete work?
    Please help.
    Thanks
     

    Attached Files:

    vsdabhi, 9th Nov, 2009
    #1
  2. BillV

    BillV Well-Known Member

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    19th Jun, 2015
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    Location:
    Sydney
    If it's strata the costs of maintenance to the common areas will be shared.
    However, how much would that be?
    this is something you need to discuss with the strata manager
    If it's a new development, then I'm guessing that the developer will supply the driveway and landscaping completed so you'll only be required to pay for the maintenance.
     
    BillV, 12th Nov, 2009
    #2
  3. vsdabhi

    vsdabhi Member

    Joined:
    1st Jul, 2015
    Posts:
    16
    Location:
    Perth WA
    Thanks a lot, we did not buy that property.
     
    vsdabhi, 13th Nov, 2009
    #3
  4. BillV

    BillV Well-Known Member

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    Location:
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    through the strata

    could be a good thing, I personaly don't like such blocks being strata titled
     
    BillV, 13th Nov, 2009
    #4