Kings Living is a luxury resort style complex for those seeking a modern lifestyle environment. When you are ready to trade in the worries of maintaining a large home and garden, your solution is closer than you think! Majora Building Group has designed a state of the art complex with everything you need at your fingertips. There is a choice of apartment styles and floor plans, plenty of space and light, and resort style facilities – swim spa, gym, movie theatre, lounge, entertainment area and more, plus spectacular views from your private terrace or enjoy a garden apartment.
Kings Living has developed a unique concept in retirement villages facilitating the independence and quality of life which is being sought after more and more by retirees. Kings Living combines vast experience in the building industry and excellent knowledge of current and future demands for senior housing. Our exceptional residences embody the ideals of comfort, convenience, a sense of community, healthy activity and security, all in a package of service and facilities.
Your New Home
A variety of 1, 2 and 3 bedroom apartments are available including a number of penthouse apartments. Your new home enjoys fabulous views or a garden setting and is equipped with inclusions to make your lifestyle maintenance free and easy.
Heating and cooling
Stone or Marble benches
Walk in or built in robes
Secure basement car accommodation Storage units
Perfectly positioned on King Street, you are able to take advantage of the many facilities close by – public transport at your doorstep, Doncaster Shopping Town, other shopping centres and the Eastern Freeway.
Buying an Apartment
The legal arrangement for purchasing an apartment is freehold title. When buying an apartment at Kings Living, you are purchasing the title for your apartment and your security of tenure is protected.
If you are interested in a particular apartment at Kings Living, you may place a $1,000 holding deposit on a particular apartment while you look over the contract documentation. You may pay this deposit by cheque, bank deposit or cash.
After 21 days we will arrange for you to sign contracts and pay a further deposit (usually 10% but sometimes this can be deferred until you have sold your current home). Please have a chat to us about your particular circumstances as you may need to sell your home first.
We will coordinate the settlement of your current home with your new home to make the transition a smooth one. We will liaise with your legal representative to ensure a stress free process.
Please talk to your consultant if you have any concerns. We realise that each person’s situation is unique and there are many ways to help you make the move easy.
Selling your Apartment
When the time comes to sell your apartment, the selling process is very similar to selling your current home – you can choose an agent or have the village assist you. The price will be determined by the market value in consultation with your agent. You can negotiate your own fee with your agent and the proceeds of the sale are yours less any fees payable to Kings Living.
Owners Corporation / Services Fee
The Owners Corporation fees / Service Fees at Kings Living are between $50 – $75 depending on your choice of apartment. The Owners Corporation fee covers many items outlined in the contract of sale but you will need to pay your contents insurance, rates, and utilities bills as you do now in your own home.
The service fee includes the following
Maintenance and upkeep to grounds, gardens and common areas
Maintenance to lift and associated costs
Building insurance, public liability insurance (does not include personal contents) Garbage and waste disposal
Access and use of all facilities
External property maintenance
Maintenance and monitoring of smoke alarm and fire sprinkler system Administration fees including staff costs and preparation of financial statements and accounts
Payment of gas, water and electricity to common areas
Not included…water, electricity, Phone connections and call charges to your unit & personal contents insurance and rates
Once Off Administration Fee & Stamp duty
Kings Living does not have the traditional deferred management fees but has a simple one off fee of 5% of the reselling price of your apartment. This fee is calculated at 5% of the reselling price and further detail is provided in the contract of sale.
Stamp Duty applies to Kings Living because you will receive your own title to your apartment. You can check to see how much stamp duty you will need to pay by searching www.sro.vic.gov.au and whether you are eligible for a discount depending on your financial situation.