Net lettable area: 9 190 m2
|
|
$ |
|
GROSS RENTAL INCOME |
|
|
From tenancy schedule: |
1 978 767 |
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|
|
|
OTHER INCOME |
|
|
Permanent carpark: |
12 511 |
|
Rooftop rent: |
8 320 |
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|
|
|
TOTAL GROSS INCOME: |
1 999 598 |
|
After 2% vacancies: |
1 959 608 |
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|
|
|
OUTGOINGS |
|
|
Insurance @ 2/m2 |
18 380 |
|
AC/ventilation @ 4/m2 |
36 760 |
|
Caretaking @ 2.5/m2 |
22 975 |
|
Total energy @ 10.5/m2 |
96 495 |
|
Fire protection @ 1.5/m2 |
13 785 |
|
Lifts @ 4.2/m2 |
38 598 |
|
Repairs/main @ 4/m2 |
36 760 |
|
Security @ 1.2/m2 |
11 028 |
|
Other operating @ 1.9/m2 |
17 461 |
|
Sundries @ 0.55/m2 |
5 055 |
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General fees @ 5/m2 |
45 950 |
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|
|
|
CORE OPERATING EXPENSES |
(343 247) |
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|
|
|
STATUTORY CHARGES @ 4/m2 |
36 159 |
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CLEANING @ 10/m2 |
91 900 |
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|
|
|
STATUTORY CHARGES & CLEANING |
(128 059) |
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|
|
|
RECOVERABLES – INCREASE IN STATUTORY OUTGOINGS |
27 000 |
|
|
|
|
NET ANNUAL INCOME |
1 515 301 |
|
|
|
|
Capitalize @ 10% per annum net $1 515 301 * 100/10 |
15 153 010 |
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|
|
|
MARKET VALUE |
say $15 100 000 |