Architectural Northcote homes by
Monk Mackenzie and Contexture
Frequently Asked Questions
What is the form of Ownership?
You are buying a Freehold Property, there are common areas (e.g. driveway, pathways, landscaped areas) that are owned in common, secured by a 1/5th common share on your title.
Is there a Body Corporate or Residents Society?
No. Because the Townhouse has a Freehold title, there is no Body Corporate or Residents Society and so no Body Corporate levies.
How do I purchase?
Once you’ve selected your townhouse, a Sale and Purchase Agreement needs to be signed. We will provide this to you on request. If the Agreement is accepted by the Vendor, you will then have five working days to review the terms of the contract with your lawyer. Once your lawyer confirms the purchaser conditions are satisfied, a deposit is payable, equivalent to 10% of the Purchase Price. You will also need to advise your preferred selection for available options (eg. interior fit-out colour palette, appliances). A more detailed overview of the Sales Process is available to provide further guidance on request.
What are the timeframes?
Resource and building consents are expected to be issued early 2022. Subject to this construction is expected to commence immediately and is expected to be completed in late 2022 if there are no unforeseen delays. .
Is my Deposit Safe?
Yes. Your Deposit is held securely in the Trust Account of the Vendor’s solicitor as stakeholder. This means the deposit cannot be passed to the Vendor until Settlement occurs.
What Warranties are available?
Each Townhouse comes with a 10-year warranty for structural integrity and weather tightness. Materials such as cladding, roofing, windows, and doors are covered by industry-standard warranties. Appliances are covered by a supplier warranty from their time of delivery.
Warranties are assigned from the Vendor to the Purchaser on Settlement. The Vendor also warrants to fix any defects that may arise within the first 90 days after Settlement.
Disclaimer & Limitation of Liability
The information on this website and/or Ebook was prepared solely for marketing purposes prior to the commencement of construction and issue of all necessary regulatory consents and approvals and may include assumptions or predictions based on currently available information at the time of publishing.
Images of the development are only a representation of the materials that will be used in the Development as envisaged at the time of publication. The final building design configuration and materials are subject to relevant consents and approvals. Floorplans are indicative only and may not be drawn to scale. All plans, images, and artist impressions of exteriors and interiors are intended as a guide only. The Developer reserves the right to make changes to the Development and the units including the final fittings, finishes, dimensions, and specifications of the development and the units.
While the Developer provides the information in good faith, no responsibility will be accepted for any errors or omissions. The Developer is not responsible for any reliance by you on any information in the Websites or any other marketing material and you acknowledge the recommendation to seek legal and other advice as appropriate before entering into any Purchase Agreement. The Developer disclaims all warranties express or implied with respect to the use of this information to the maximum extent permitted by law. The Developer accepts no liability for any cost or damages of any kind resulting from the use of or reliance on the information in any Websites or any other marketing material. The parties are not contractually bound in any way until the Purchase Agreement is signed by all contracting parties.