Object
Preliminary Draft Charging Schedule
Representation ID: 63328
Received: 29/07/2013
Respondent: McCarthy and Stone Retirement Lifestyles Ltd
Agent: The Planning Bureau
Representation Summary:
Empty property costs - Properties can only be sold on completion of the development and the establishment of all the communal facilities and on -site house manager. These communal areas cost additional monies to construct and are effectively subsidised by the developer until all the development has been completely sold out. This is a considerable financial responsibility as it usually takes a number of years to fully sell a development.
Full text:
see attached