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What happens if the present owners go broke?

April 26, 2017broke happens owners PRESENT

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What happens if the present owners go broke?

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The land the Village is on is zoned “Manufactured Homes” by the Hervey Bay Council and can not be used for anything else so in the unlikely event of Management going broke the receiver has to sell to a purchaser that will continue as a Village. The present owners have owned the village since 1995, 16 years, so chances are pretty good that nothing drastic is going to happen.