304/59 Parraween Street, Cremorne (Lot34 SP98666)

Strata Report

Inspection Date: 11/04/2022
52 pages
59-61 Parraween Street is a 5-storey residential building with retail lots at street level and basement carparking, which was built in 2018 with rendered masonry brick walls, concrete floors, aluminium framed windows and a flat concrete roof with a waterproof membrane.
SP98666 is a part building strata scheme occupying a stratum parcel in DP1245074 named Niche. The complex consists of 2 other retail lots, which each occupy stratum parcels in DP1245074.
Management of shared facilities for the complex is undertaken by a Building Management Committee (BMC) which includes representatives of the owners of each of the stratum parcels.
The BMC is not a separate legal entity but it does maintain its own accounts, minutes and records.
We have not had access to the BMC records and make no comment as to the affairs of the BMC.