#52012
Jimmy-T
Keymaster

    Yes, I know – the building in kings cross that hosts a huge sign from a well known soft drink bottler would have to be drawing a substantial income from that.

    The chances are the building in Kings Cross – which was an hotel and a shopping centre before it was an apartment block – is getting zilch from that site which would have been sold separately.

    Same applies to  the Avis block just down the hill where the signage rights were pre-sold by the developer. Also the signage rights on the Eastern end of the Altair building which were attached to a small apartment in the building.

    The block was saved from having a commercial carbuncle on its Eastern face by the pre-Olympic planning ban on new billboards in exposed locations. The apartment owner, connected to the original developer, relinquished the signage rights to the owners corp as they were worthless.

    The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.