02 Aug 2007 12:06 PM:

We are almost three years down the line with the puchase of two Apartments at Manilva Park, also introduced to the build by H2O and also using Franciso Diaz of Criado & Kraus. We have been informed the Developer wants us to complete immediately or he will simply cancel our contract. They still do not have the final licences for the development and also do not have licencesf or either the pool area or the sports area. If we complete the puchases we will be able to use the apartments for personal use only, not for rental, and also the Developer is only going to give us permission to have access to the pool & sports area which they could withdraw any time. The Developer has also fired the original company who were going to run the development for them as they are now going to run it themselves, but unlike the original company are not going to guarantee a minimum rental income.

We have asked our lawyer for advice on how to move forward but he says it is up to us to choose what to do, and not surprise surprise we have not heard anything from H2O.

Regards

Nigel

 

Thread: Manilva Park

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