All townhouses at Roys Bay Estate are sold under an Occupation Right Agreement with each one having its own freehold title.
Purchasers buy the Occupation Right Agreement for their Townhouse and enter into a Sale & Purchase agreement for the title to the land their townhouse sits on.
All Townhouse owners pay a weekly fee which covers rates, water for their townhouse, grounds and exterior building maintenance, general operating expenses across the whole estate, building insurance and the on-site manager. It also includes free access to all Clubhouse amenities, though bookings may be required during busy periods. Power, internet, phone and contents insurance are excluded and are at the resident’s own expense.
The community will be managed by Roys Bay Estate under the Retirement Villages Act and is registered as a Retirement Village with a requirement for residents to be of general retirement age (55+ years of age).
