Body Corp Made Simple
Know what’s covered
Owning a Cube means owning your individual commercial unit while sharing responsibility for the common areas, infrastructure and services that keep the wider development running smoothly.
The body corporate helps take care of these shared responsibilities, giving owners a clear structure for how the development is managed and maintained.
Here’s what you need to know.
How does it work?
The Cube on Queen is a unit title development, with the body corporate operating under New Zealand’s Unit Titles Act 2010 and associated regulations.
As a Cube owner, you automatically become a member of the body corporate.
The body corporate is responsible for managing shared property, services and costs across the development, with levies apportioned according to each unit’s Utility Interest.
In simple terms, it provides a structured way for all Cube owners to collectively look after the areas and responsibilities they share.
What do your levies help cover?
Your annual Body Corporate levy contributes towards the shared costs of operating, maintaining and protecting The Cube on Queen.
Building insurance is currently the largest component, accounting for approximately 57% of the annual Body Corporate budget.
The remaining levy contributes towards:
Repairs & shared infrastructure – 11%
Body Corporate management – 10%
Long-Term Maintenance Plan (LTMP) – 9%
Fire protection – 8%
Utilities & compliance – 5%
WHAT ISN’T INCLUDED?
Some costs remain the responsibility of each Cube owner and are not included in the Body Corporate levy, including:
Council rates
Interior Cube costs and contents insurance
Commercial property management if leasing your Cube
Individual electricity and water consumption
Rubbish removal
The management
The Cube’s body corporate is professionally managed by Auckland Body Corporate.
Their team provides independent body corporate management and can assist owners and prospective purchasers with more detailed questions about the budget, levies and how the body corporate operates.
HAVE A BODY CORPORATE QUESTION?
Roger – Auckland Body Corporate
📱021 719 608
✉️ Roger@aucklandbodycorporate.co.nz
📍30 Gaunt Street, Wynyard Quarter, Auckland 1010
Thinking of buying a Cube?
Body corporate costs are just one part of understanding your investment.
Our team can talk you through the available Cubes, pricing, layouts and purchasing process so you have the information you need before making a decision.