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Situated within the grounds of the
hospital is the Aldersey Grove Estate. This is a collection of
24 free standing, individual living units initially built and owned by the hospital
from whom a "license to occupy" is purchased by the occupants under the provisions of the Retirement Villages Act.
Occupants pay an up front licence fee to the hospital equivalent to the cost of
the purchase of any one of the units. At the time
of resale, a small proportion, as set out in the residents contract, is retained by the hospital
with the balance being paid to the previous tenant.
Occupants are required to pay a monthly maintenance fee with various
percentages covering the cost of maintenance of front gardens and buildings,
security, Council rates and a "sinking fund" which is basically a fund from
which the costs of major replacements are made. This would include
such items as hot water systems, ovens etc.
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