Almost $500,000 from Christchurch Cave Rock apartments sale sitting in limbo
A dispute over vandalism and flooding damage means nearly $500,000 has been withheld from the sale of Christchurch's Cave Rock apartments.
The Sumner complex’s new owners say the sellers neglected to keep the property secure after an agreement was reached but before settlement was made. They claim the damage has forced them to change their plans for the site, including demolishing part of the complex they had planned to repair.
Some former owners claim the buildings were already badly damaged before the “as is, where is” agreement was made, and dispute they are liable for any of the claimed damage. They are frustrated an independent lawyer holding $480,000 of the sale price will not release any of it until all sellers reach an agreement with the buyers.
Poll: Does the building consent process need to change?
We definitely need homes that are fit to live in but there are often frustrations when it comes to getting consent to modify your own home.
Do you think changes need made to the current process for building consent? Share your thoughts below.
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
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91.4% Yes
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8.2% No
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0.4% Other - I'll share below!
Lest we forget...
On this ANZAC Day, let's take a moment to remember and honor the brave men and women who have served and continue to serve our country.
Tell us who are you honouring today. Whether it's a story from the battlefield or a memory of a family member who fought in the war, we'd love you to share your stories below.
End-of-financial-year Garage Sale this Sunday 28th April
10.30am to 2pm
Couch, toys, arts & crafts supplies, clothes etc. Moving out sale! Combined with friends, so there should be a good variety.
At 95A Tilford Street, Woolston. I'm the front unit! Cash only please, I can't afford an EFTPOS machine :) Come one, come all!
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