This week’s Strata Development Application being reviewed is the three (3) lot strata Development of 54 Bourne Street Port Macquarie.
Listen to the podcast:
Where is Port Macquarie
Is a coastal town of New South Wales with a population of approximately 48,000, and approximately halfway between Sydney and Byron Bay.
The Development
How to keep the Levies Low & Separate the Lots
When people buy a property like these with individual entries, separate carparks and a different street number for each, they don’t think they are buying into strata. So it is the responsibility of the developer to make sure these properties operate like Torrens title properties, even if they can’t be titled that way.
To make this possible we recommend these simple inclusion onto the strata plan:
- The structure of the building standing on each lot including walls, floors, ceilings, roofs and patios forms part of the lot and is not common property
- All common services lines and common property
- Any service line within one lot servicing another lot is common property
- any service line including electricity and electricity meter box within one lot servicing another lot is common property
- water tanks and hot water tanks form part of the lot and are not common property
- lots are limited in stratum from 5 meters below to 10 meters above the upper surface of the respective units ground floor
- letterboxes and connected elements form part of the lot and are not common property
- brick retaining walls within the lots form part of the lot and are not common property.