LAKESEA APARTMENTS

Our Lady of the Rosary Parish, The Entrance, on behalf of the Diocese of Broken Bay, accepted the challenge in 2004, to develop an Apartment Building consisting of 29 apartments over six floors, at 9 Copnor Avenue, The Entrance (just behind Our Lady of the Rosary Catholic Church).

Lakesea Apartments is the largest project ever undertaken by this comparatively young parish, which was established in 1947. It also ranks as one of the most ambitious projects ever approved by the Diocese of Broken Bay.

Enjoy the invigorating seaside lifestyle, in a spacious modern apartment with sweeping lake views. Based in the vibrant heart of The Entrance, surrounded by lake, ocean and golf courses.

Independent living with security, harmony and a touch of luxury.

LakeSea Apartments offer a ‘Care-free’ and for some a ‘Car-free’ lifestyle with security, independence and medical facilities all within an elite area of The Entrance.

Description and Inclusions

This six floor complex is comprised of:
23 x 2 bedroom apartments
4 x 3 bedroom apartments
2 x 3 bedroom penthouses
• Air-conditioned.
• Secure car parking for 29 residents.
• 19 visitor spaces.
• Modern lift.

INCLUSIONS
Carefully selected modern materials and finishes with
proven record of performance have been used throughout the LakeSea Apartment Complex.
 Broadloom carpet
 Dishwasher
 Clothes dryer
 Blinds
 Electric range and range hood
 Security intercom
 Built-in wardrobes
 Modern-style kitchen
Over 400 square metres of common space is provided for residents and their visitors to enjoy.
A security surveillance system operates within the common areas of the complex providing personal security without invading the privacy of any resident.

Loan License Agreement

Lakesea Apartments are available for permanent residency, under a ‘Loan License Agreement’ which is briefly described as follows:
OWNERS
Our Lady of the Rosary Parish, The Entrance NSW.
LICENSEE
The Loan License value of each apartment represents a substantial saving on the value of an equivalent apartment within this precinct. All licensees will have the assurance of permanency, however, should termination of the Loan License be contemplated, the licensee will be repaid the sum of not less than the original value of the Loan License, following termination, in accordance with the Loan License Agreement.
LEVY
A monthly levy is applicable to each apartment and covers water usage and council rates. The Licensee is responsible for their own personal insurances, electricity use and telephone services.
TERMINATION
The Loan License Agreement can be terminated at any time. (In accordance with the Loan License Agreement.)
TRANSFER
Loan Licenses are not transferable and will be re-issued only by the ‘Owners’ to a new ‘Licensee’.
INCLUSIONS
All inclusions as confirmed in the formal Loan
License Agreement will remain the property of the ‘Owners’.
LEGAL DOCUMENT
The Loan License Agreement has been structured with both legal and accountancy professional scrutiny and will be fully explained at the time of formalisation, with each prospective licensee.

Details

LakeSea Apartments
9 Copnor Avenue
The Entrance NSW 2261
Enquiries Contact: 4334 7600