Apartments that require underpinning

Discussion in 'The Buying & Selling Process' started by DrunkSailor, 12th Dec, 2017.

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  1. DrunkSailor

    DrunkSailor Well-Known Member

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    Has an apartment block ever been deemed inhabitable by the council due to owners not agreeing to pay for structural works? There's been a couple of apartments I like but owners need to put in 20k each to pay for urgent underpinning. An agent told me that if they don't all agree to pay the council will shut the complex down.

    That sounds like a reasonable procedure but has that ever actually happened, as in, is it a likely scenario I should consider?.
     
    DrunkSailor, 12th Dec, 2017
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  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Lane Cove Tunnel collapse - builder bought the majority of the units.
     
    Scott No Mates, 12th Dec, 2017
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  3. Tom Rivera

    Tom Rivera Property Manager Business Member

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    I haven't got a specific example but I'm quite sure there have been plenty of condemned structures over issues like this.
     
    Tom Rivera, 12th Dec, 2017
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  4. DrunkSailor

    DrunkSailor Well-Known Member

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    Ok, thanks for the input, it's good to know it is actually a real risk.
     
    DrunkSailor, 12th Dec, 2017
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    Tom Rivera likes this.
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