Welcome to our Retirement Village information page. Our first ten units were constructed in 1995 and since then our complex has gradually expanded to a total of 80 homes. We currently have three further units in the planning to build, depending on demand. Following are some brief details on the features and purchase options for our spacious villas. Please feel free to contact us for further information , or to arrange a viewing of available units in our village.
There is a service charge (Village Outgoings Payment) which is currently $88.16 per week. This amount is reviewed annually by the Trust Board in conjunction with the Statutory Supervisor and generally is adjusted to CPI.
The best way to pay this is by a monthly automatic payment. This covers rates, insurance and ground maintenance among other things, and includes administrative and management costs.
The insurance cover covers the building and fittings, however residents will need to arrange their own personal cover for contents.
Residents of the villages are always welcome to join in activities offered by the Rest Home. A monthly calendar of events is delivered to village residents.
The St Johns emergency alarm system operates within the village togetehr with care back-up for the care home in an emergency situation.
Specific units vary in pricing, but as a guide, duplex two bedroom units units start at around $189,000 with brand spanking new stand alone units at just over the $215,000 ($229,000 with a conservatory).
The units are purchased under a Occupational Right Agreement (a copy of a draft agreement is available).
It is an Agreement which gives each party certain rights and imposes obligations. The occupier has, under the agreement, the right to live in the particular unit for as long as they require it and in virtually the same way as if it was any other house in the community.
The original entry payment paid to the Trust Board depreciates each year by a set percentage. The money accumulated from the depreciation goes towards the original cost of developing the land and a maintenance reserve so that when a unit is vacated it can be brought back up to new quality for the next occupant.
When the unit is vacated Rangiura will enter into a new Occupation Agreement with another person and will pay the to the former resident or to his or her estate the Exit Payment due in terms of the agreement.
Occupants do not obtain a Certificate of Title or have any legal interest in the unit or the land. They do not share in any increase in value of the property and are entitled to receive only the amount payable to them under the formula specified in the Occupation Right Agreement.
All drapes and carpets are included in the Entry Payment and are covered by the village operators insurance.
Once the Entry Payment has been paid the occupier is liable to pay to Rangiura a service charge (Village Outgoings Payment) to cover external maintenance, rates and building insurance. The only other expenses the occupier has are normal power and telephone charges and personal insurance.
Rangiura is responsible for all ground maintenance and an occupier may keep a small garden if desired.
If you would like a copy of our ORA and Disclosure Statement, please call or contact us - so we can email or post one out to you.