Almost $500,000 from Christchurch Cave Rock apartments sale sitting in limbo
A dispute over vandalism and flooding damage means nearly $500,000 has been withheld from the sale of Christchurch's Cave Rock apartments.
The Sumner complex’s new owners say the sellers neglected to keep the property secure after an agreement was reached but before settlement was made. They claim the damage has forced them to change their plans for the site, including demolishing part of the complex they had planned to repair.
Some former owners claim the buildings were already badly damaged before the “as is, where is” agreement was made, and dispute they are liable for any of the claimed damage. They are frustrated an independent lawyer holding $480,000 of the sale price will not release any of it until all sellers reach an agreement with the buyers.
Today’s Mind-Bender is the Last of the Year! Can You Guess It Before Everyone Else? 🌟🎁🌲
I dance in the sky with green and gold, a spectacle few are lucky to behold; I’m best seen in the south, a celestial sight—what am I, lighting up the New Zealand night?
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Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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79% Yes! It's better to regift what I don't need
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21% No. It's the thought and effort that matters
The true spirit of Christmas - Liam Lawson raises more than $50k for breast cancer research
Lawson got behind the wheel of supercars including the Aston Martin Vulcan - the only one in the southern hemisphere - and the Porsche GT3, offering rides to passengers during a silent auction.
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