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Wellsford Village (Northland District Masonic Trust)

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Name
Wellsford Village (Northland District Masonic Trust)
Category
Retirement Villages ('Purchase')
Address
18 Hanover Street
Wellsford
Postal Address
P O Box 8, Whangarei
DHB
Northland
Phone
(09) 438 3109
Fax
(09) 430 0706
Email
View Email Address
Personnel
Owner
Northland District Masonic Trust - 09 4383109
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Description
Independant living for those who like a friendly village atmosphere. Masons and non-Masons are very welcome.The Northland District Masonic Trust provides affordable retirement village housing to Northland's seniors. The Trust has been offering housing for the elderly for over 50 years. Our villages are an example of Freemasonry at work in the local community.

Wellsford Masonic Village is run by the Northland District Masonic Trust and offers both rental units and units for purchase for those who would like to buy under an Occupational Rights Agreement. See www.northlandmasonictrust.co.nz for more information.

As a charity, the Trust makes several favourable concessions from the normal industry standards, especially with respect to Occupational Rights Units. (ORA)

For example, The Trust guarantees that it will purchase a departing ORA Resident’s interest in their Unit within an agreed timeframe.

Furthermore, the ORA Weekly Levy stops at the end of the two month Notice Period (where applicable) even if the Unit is not yet on-sold and continues to be vacant.

These two points are significant because they bring clarity and certainty to the financial obligations of residents, especially when they leave.

In addition, any operating surplus made by the Trust is reinvested into the Villages as opposed to paid out in dividends to shareholders.

The Trust endeavours to provide peace of mind, space and security, and its strong history in the retirement village industry allows residents to have trust in the manner in which their agreement will be honoured.

The Northland District Masonic Trust also has two villages in Dargaville and two villages in Whangarei.

NOTE: The Retirement Villages Act 2003 (The Act) is designed to provide improved protection for people who ‘buy’ into a retirement village. If you intend to ‘purchase’ you must get independent legal advice before signing your occupation right agreement as required under The Act. Some Retirement Village type facilities are not required to register under The Act so different legal requirements apply. Please make sure you investigate fully.

 

In some villages there may be some Retirement Village units that have multiple uses e.g. a Serviced Apartment may also be used as a Residential Care Suite. The same unit may therefore show in several places on Eldernet.

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