Introducing...

Lakesea Apartments
3-7 Copnor Avenue
The Entrance  NSW  2261

Lakesea Apartments

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 3-7 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.

Lakesea Apartments

Lakesea Apartments provide the choice of independent living with security, harmony and a touch of luxury.

Over six floors there are 23 two-bedroom apartments, 4 three-bedroom apartments and 2 three-bedroom penthouse style apartments.

Secure car parking is provided in the Basement Level. It has 29 residential parking and 19 visitors' spaces.

All floors, including the basement, are serviced by a modern lift.

Private open space terraces are available to all apartments.

All apartments are air-conditioned.

Modern inclusions are provided in each apartment: floor coverings including high quality broadloom carpet, dishwasher, clothes dryer, blinds, electric range and range hood, light fittings, security intercom, built-in wardrobes, modern style kitchen.

Open common space of over 400 square metres is provided.

Finishes throughout the Apartment Complex are carefully specified and reflect the use of modern materials and finishes that have a proven record of performance.

Electronic security for the complex is provided by a State-of-the-Art surveillance system that does not invade the privacy of any resident, but provides for the comfort of personal security within the common areas of the complex.

Lakesea Apartments

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.

COST
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, the licensee will then only be responsible for their own personal insurances, electricity use and telephone services. Water usage will be included in the monthly levy. It is expected that the monthly levy will be approximately $325.00 per month. (Subject to change without notice.)

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 Agreemnet 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.

MANAGEMENT
The 'Owners' will be represented by a 'Parish Residential Management Committee' who will be responsible for the execution of all Loan License Agreements, which will be formalised under strict confidentiality.

Lakesea Apartments will be for many the opportunity of a lifetime, providing for a 'Care-free' and for some a 'Car-free' lifestyle, offering Security, Independence and Personal Conveniences, being close to all Religious, Social and Medical Facilities; all of this within an elite area of The Entrance.