APPRAISAL SUMMARY

Sub total

CALDES Software - www.caldes.com

Totals

FILE NAME: NEWPROJ

Option: 1
PROCEEDS
Unit breakdown
Office
12x Flats
Total for 13 units
LAND
Tranche 1
Total land
CONSTRUCTION
Office
12x Flats
Total for 13 units

Tot Net Area

(Av. price per ft2: 230)

Value
Yield

@ 18 /ft2 7.25%
@ 200 /ft2

Stamp duty

Legal

360,000

Agent

4.00%

0.50%

1.50%

Tot Grs area

@ ft2

Start / Period

29,412
13,200
42,612

35.00
70.00

3 / 18
3 / 18

360,000
0.00%

Gross
4,965,517
2,400,000
7,365,517

Net
4,965,517
2,400,000
7,365,517

Net
(2,827,577)
(2,827,577)

Gross
(2,997,232)
(2,997,232)

(1,029,420)
(924,000)
(1,953,420)

FEES
Architect
Quantity Surveyor
Structural Engineer
Mechanical & Electrical
Project Manager
Planning
Building regulations
Letting legal fee
Letting agent fee
Sale legal fee
Sale agent fee
Total fees
FINANCE
Pre-PC Interest
(Source 1
Total finance

per ann

20,000
12,000
32,000

5.00%
3.00%
2.00%
1.00%
0.50%

(97,671)
(58,603)
(39,068)
(19,534)
(9,767)
(3,000)
(3,000)
(3,600)
(36,000)
(55,241)
(147,310)

1.00%
10.00%
0.75%
2.00%

(472,795)
Over 20 months
@ 6.50%

(Interest)

(Worst case)

469,196

5,640,072

(Return)
(469,196)
26.11% )
(469,196)

GROSS DEVELOPMENT COSTS

(5,892,642)

NET PROFIT

1,472,875

PROFIT ON COST

25.00%

PROFIT ON GDV

20.00%
Development Yield

NPV

1,052,718

@ 10.00%

Profit Erosion

6.11%
41 Mths