Another company in developer Ross Wensley’s crumbling Queenstown apartment empire is under fire from angry overseas unit owners.
English couple Frances and Alan Roebuck have applied to liquidate Wensley’s Oaks Shores company, claiming the developer has failed to pay guaranteed rental returns on their million-dollar Frankton Road apartment where they holiday each summer.
Last February, Alan Roebuck claimed in Mountain Scene that he was $23,000 down the tube in promised returns. He’d also suggested Wensley pay upfront a “discounted” $100,000 balance in projected returns over the next year to avoid having to hassle him again.
In turn, Wensley accused Roebuck of “blackmail” and said his projection “might be entirely wrong” but promised “outstanding payments will be caught up”.
By email, Roebuck now alleges Wensley still hasn’t paid up – “and if he continues to renege [he] will accumulate a debit to me of about $130,000”.
The unit owner argues Wensley is hypocritical in blaming problems on purchasers failing to settle deals on the developer’s new Marina Baches complex “when [Wensley] has been ignoring his obligations to his own creditors for a very long time”.
The Roebucks’ liquidation application has still to be heard in the Invercargill High Court.
Meanwhile, three other Wensley companies are already in liquidation while an application to wind up the Marina Baches company is also in the pipeline. Wensley couldn’t be contacted for comment yesterday.