Owners dig deep to stay dry
Owners of two large inner-city Auckland apartment blocks are spending $1.3 million to fix leaky building problems before winter.
Friday, April 2nd 2004, 12:27AM
by The Landlord
And owners in the 39-unit Beaumont block, near Victoria Park, are paying $400,000 to have three walls rebuilt.
Mr Hastings said the main problem at Nautilus was water leaking through a flat roof.
As well, rain came in around windows and ranchsliders.
All the owners had agreed to pay, but some had problems raising the $26,400 being levied from each for the repairs because of banks' reluctance to lend on buildings such as the Nautilus.
One apartment owner had problems getting money, so this unit would be sold in a mortgagee sale.
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