Maltworks Village is a FREEHOLD UNIT TITLE village.
Good news for you the owner, if retaining the ownership of your villa is important to you, rest assured via this Freehold Unit Title model, ownership remains in your hands. This is not a license to occupy model.
Purchasers have chosen to live in our LIFESTYLE villages, not because they need to, hence the emphasis of a lifestyle move vs a need for a retirement home.
To simply understand the difference between Freehold and LTO (license to occupy), this table compares the alternatives.
- Agreement is FREEHOLD UNIT TITLE
- It is a LIFESTYLE Village (not a retirement home)
- Intended for occupants over the age of 55
- You retain 100% ownership
- You recognize and retain the capital growth at sale time
- You pay NO fees on exit
- Weekly fees are kept to a minimum (relevant to maintenance & security)
Others (LTO - License To Occupy)
- Agreement is via LICENSE TO OCCUPY (LTO) or OCCUPATION RIGHTS AGREEMENT (ORA)
- Some sites offer both LIFESTYLE and RETIREMENT services
- You only have the choice to license to occupy the villa while you are in residence
- You can loose up to 20-25% of your original purchase price
- Typically no capital growth recognized after pay out
- Weekly fees are generally high (relevant to the HIGH amount of services offered, which you may or may not want).
PLC Group is operated by Jedd Pearce, Mark Revis and Michelle Tait under the company name of Property Lifestyle Concepts Ltd. PLC Group have built three lifestyle villages previously, located in Kaiapoi, Burwood and Rangiora.
The villas will be built by Hazeldine Construction Ltd operated by Jared & Jasmine Hazeldine. Hazeldine Builders has been successfully operating in the Canterbury region for close to a decade now. In that time the business has been developed and built to where the ten-strong team has grown into a tight-knit unit – one proud of its achievements in residential, commercial and lifestyle construction. Jared and Jasmine Hazeldine run the company, and it’s their expertise and passion that drives the business to greater heights. Having built Canterbury wide, and the past two villages for PLC Group, the two owners are well aware of the unique challenges and opportunities the area offers. Their work leading the team is therefore focused on consistent quality and good old-fashioned hard work and service.
It is situated in the heart of Heathcote Village. Heathcote has a wonderful micro-climate within the natural beauty of the surrounding Port Hills. The Village is located at 66 Port Hills Road, Heathcote Valley.
Local shops are to be constructed on Port Hills Road alongside the village, with the Ferrymead and Eastgate Shopping Centres both being within an easy commute, comprising of supermarkets, banks, pharmacies and medical facilities. The bus route to Christchurch City runs right past the Village with the bus stop located 100m from the entrance. Maltworks Villas is within easy reach of all hill suburbs, and an easy tunnel commute to Lyttelton township, providing a great opportunity for parents to be closer to their families that live within these areas.
Recreational activities are in abundance with Ferrymead driving range an easy 5 minute drive away. Tennis and bowling clubs, and other community recreational activities are all in close proximity to Maltworks Villas, along with the gondola, walking tracks, and a children’s playground on the doorstep of the village
All plans have been designed to provide maximum room within, and range from 102m2 – 190m2. There are 11 different villa floor plans designed for your needs in mind. These range from a single garage duplex villa. A duplex villa is simply two villas adjoined in the middle. There are also double garage duplex villas, and then standalone double garage townhouses. If you are wanting a two story villa, there are two options available, starting with the terraced townhouse villa, comprising of the single garage and master downstairs, with living and bedroom upstairs, all joined in a terraced setting. The other two story option is a double garage, 3 bedroom villa, with all living and master bedroom upstairs. Some villas have dual entry to the bathroom, some have separate toilets.
The earthworks and civil construction of the roads and underground services has commenced. Stage one earthworks will be completed by September 2016. Construction of the first villas is planned to commence in September 2016.
Villa construction takes about 14 weeks to complete once the floor slab goes down. We anticipate that the first complete villas will be available March 2017. The village will be built in a staged format, however we will certainly try to accommodate the timing for purchasers to suit their individual requirements.
Maltworks Villas is being developed under the Unit Titles Act on a FREEHOLD UNIT TITLE. So you own your own home, not the developer. You retain the capital gain at sale time, not the developer. Freehold title is the best form of tenure that you can get and it is inherently superior to Licence to Occupy arrangements. You are able to borrow against your title if you wish, and you may pass on the title to family and trusts. Under the Unit Titles act you own the land that comprises the footprint of your villa. The remaining common land within the village is owned jointly amongst all villa owners. Under the Unit Titles Act, the remaining land defined around your villa is effectively your own backyard so to say. Most villas will have a fence-line defining their areas for exclusive use.
No. When your villa has received the code of compliance from the council, and onc e all sales documentation has been completed and processed, you are able to move in. We can place the monies in our solicitors trust account until such time that the title is issued and processed.
The owner is responsible for the rates for your villa, power and phone and any other additional services that you may submit to. The power and rates for the clubhouse are covered via the Body Corporate fees.
No, because it is a Freehold Unit Title, you own the home, so the sale funds including any capital growth, goes to you the owner. It is not an LTO village (License to Occupy) whereby the developer takes a percentage of the sale price.
Yes, you may rent your villa but one of the residents must be aged 55 or over. Please bear in mind that your tenant must abide by the rules of the Body Corporate operating within the village.
Yes of course, it is your own home. It has its own freehold title that you can secure your borrowings against.
The Body Corporate is responsible for insuring each individual villa and all common property in the Village, through a Body Corporate insurance policy. The cost of this insurance is covered in your body corporate fee. The insurance premiums and policy will be reviewed each year by the Body Corporate committee. You are responsible for your own contents insurance.
You must be aged 55 to live permanently in the village. Your partner or spouse can be under the age of 55 whilst living in the villa with you.
The Caretaker lives onsite at this village. They are a ‘good neighbour’, not a security guard. They are responsible for: - mowing the lawns - maintaining the ‘common area’ and streetside gardens around the village - collection of your rubbish on the council allocated day of the week - collection of your recycling on the council allocated day of the week - exterior window cleaning
The Body Corporate controls and runs the general operation of the village. Once construction is complete, the developer will hand over to the Body Corporate committee the running of the village. A Body Corporate committee is created at the inaugural AGM. Committee members are elected by the residents of the village. The Body Corporate committee comprises of 7 members, elected by majority vote. The Body Corporate contracts the management company who employ the Caretaker to be responsible for the general caretaking of the village. The Body Corporate sets the budget for the year, and is responsible for making any major decisions. The committee is ultimately answerable to residents.
The Body Corporate is responsible for exterior maintenance, which may be carried out by the Management Company or contracted out to contractors, and paid for by the Body Corporate. The cost of this is built into your weekly fee.
You are responsible for all interior maintenance. This includes the maintenance of the solar panel system.
Your villa is simply like any other residential property whereby you can choose to list it with a real estate agent, or you can sell it privately. The Management Company upon the instruction of the Body Corporate ensure that the village is kept to a condition where you should always be able to realise the top sale figure for your property.
Of course. The village grounds are beautifully landscaped to harmonise with the environment of the village and the eco-nature of Heathcote, hence we ask that your own garden areas are in keeping with the surrounding theme in the village. No large trees can be planted as per the convenants
Central to the complex is a Clubhouse. This facility is offered for the exclusive use of village residents to meet and socialise with their friends and family as they wish. The residents Social Committee will organise different activities based on residents input and interests. At previous villages, activities organised have included; cards, mah-jong, art classes, themed dinner evenings, movie nights, coffee groups, BBQ’s, big-screen TV of major sporting events plus much more. The Clubhouse consists of a modern kitchen facility, male, female and disabled toilets and a 60m2 lounge area. The lounge area flows easily onto a Northwest facing patio and lawn area, providing a pleasant socialising environment all year round. The lounge is set up with LCD TV, lounge and dining seating for socialising or any special event residents may wish to organise.
Absolutely, just as it would be your own home in the community. You simply are living in an environment where there are like-minded neighbours, and you can choose to be as involved or not with any social activities on offer.
It is advisable to let the Caretaker and Body Corporate Chairperson know if you will be away for a period more than 7 days, preferably leaving a contact phone number. It is important for insurance purposes that your mail is collected, windows are shut and your property is kept an eye on by immediate neighbours.
This is a lifestyle village, hence no onsite care is available.
Your domestic pets, within reason, are very welcome. For many residents, their pets are part of the family. We ask that pets are contained within your own home, and where need be, if a small fence has to be erected, you must seek prior approval by the residents Body Corporate Committee. With common land and gardens and the general ‘open’ feeling of the village without high fences, it is envisaged that this remains. We feel sure that the people who buy units will be responsible pet owners and that problems with pets will be few and far between.
Yes, it is your own home and you may renovate and re-decorate inside as you wish. All interior maintenance of your villa is your responsibility.
You are free to sell your villa, either privately or with any real estate company. You need to advise the body corporate of your impending sale. The villa must be sold on the basis of the existing body corporate rules, ensuring the intending occupier be over 55 years of age.