RESERVE SET $535,000 - FULL DISCLOSURE

You have read correctly! This freehold two-bedroom, double garage townhouse is being auctioned with a disclosed reserve.

The home offers exceptional value with no body corporate fees and is ideally located near Botany Shopping Centre. Proximity to parks and transport hubs adds convenience, ideal for families with teens attending Botany College.

The two-level layout includes two double bedrooms, a double garage, conveniently fitted with a heatpump that easily doubles a second living area. The home enjoys a second heatpump, and a seamless flow to a private courtyard for outdoor relaxation and entertaining.

With this astounding affordability, you may ask "What's wrong with it?"
The simple answer is the property has been issued interim CCC's when it was completed. It is not clear why the developer at the time never applied for a final CCC once all the properties falling under the building consent for the subdivision were completed.

Under the 1991 Building Act, a Council could issue an interim code compliance certificate [before all works were complete] if it believed on reasonable grounds that the works covered by the interim CCC, complied with the Building Code. Once all works covered by the building consent were completed, the Council would then do an inspection and issue a final CCC.

There is now no ability for Councils to issue interim Code Compliance Certificates, only final Code Compliance Certificates at the conclusion of all the work covered by a building consent. The Council has advised that either an application for CCC needs to be filed for the entire subdivision and they all need to pass an inspection, or apply to Council for a separate building consent for this property only.

Despite the circumstances, the generous vendors have made the decision to part with their beloved family home at a significant price reduction, which ultimately means a fantastic opportunity for you.

We recommend obtaining independent legal and technical advice before purchase.