STRATA
AREA (SALES) [SA]
The
market generally adopts the strata area shown on a registered strata
plan as the basis of negotiation and sale.
The
strata area is usually measured from the inside face of the wall and
the area calculated by a registered surveyor. The strata area is
usually adopted as the basis for negotiations for individual and
whole building strata units.
Valuations
generally show the PCA leasable areas for the capitalisation approach
and the strata area for analysis of direct comparables (this may vary
in some markets). In all cases, the basis for the method of
measurement being used should be clearly stated.