close
MENU
General Business
6 mins to read

Apartment owners hit by ‘nightmare’ lease hike

Ngāti Whātua proposes massive ground rental rises on Auckland waterfront sites.

Maria Slade Mon, 07 Dec 2020

Apartment owners on leasehold land in Auckland’s CBD are facing ground rental increases of as much as 186%, following the latest review by the landowner.

Owners in one of the apartment buildings, Scene One, which also has weathertightness issues, say the increases are “immoral”.

The

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Contact the Writer: maria@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Apartment owners hit by ‘nightmare’ lease hike
General Business,
85806
true