10 August 2020
The cleaners are in and the builder is rectifying defects in readiness for handover of Stage 2 of the development!!
The end of the units’ construction is finally in sight – I am advised that the final touches and connections will be completed by Saturday, 15th August.
The water supply assembly adjacent the Elizabeth Street footpath has finally been completed in readiness for the caged housing, the NBN connections are well advanced and the Carpark sealing, parking bay line-marking and the installation of wheel stops is complete.
Processes to facilitate Strata Titling and By-Laws for the setting up of the Body Corporate have commenced. Once these are completed application will be made for Certificates of Occupancy. It is hoped that Contracts of Sale will be completed by 30th September so that the cash will flow into our coffers soon after and this will then pay off the loan with BFS. This will be a huge relief as the mounting interest is a considerable impost.
It has been a long and, on many occasions, a frustrating process but another milestone will have been achieved.
I am waiting for final costings of the re-design of Stage 3 works to be able to finalise the finances. The Builder has been very reasonable in the past and it is hoped that he will continue in that vein.
The builder continues with work on parts of Stage 3 and works are well under way. The steelwork is in place for the construction of the Mezzanine Level and the concrete floor has been poured in the old laneway between the Church and the Soundy Building. Works should continue in earnest on Stage 3 next week.
Antal Hanke – Project Manager