Investor’s Pack Your Property Management Package MPG Real Estate will handle all of your property management needs. Using the latest technology we deliver a seamless service, and our experience in the Gold Coast market means we are extremely well placed to maximise your investment returns. Our property management package includes the following services: About MPG Real Estate Property Management Your Property Management Requirements There are a number of items to arrange at the outset and throughout your Leasing engagement. Below are just some of the items which we will arrange for you and your guests. Large tenant database Fully inclusive turn key packages Carpet steam cleaning Depreciation schedules Maintenance & repairs Replacement purchases Pest control Full linen service Handyman services Landlord/holiday letting insurance quotes Window cleaning Monthly & eofy statements Quarterly inspections and and reports Seemless lease renewals Rental market assessment at each renewal Free market appraisals 24/7 owner access to portals Onsite property management team Onsite maintenance and repairs Comprehensive tenant screening Guest arrival & convenience packs Spring cleaning & housekeeping 2 3 Rental Appraisal Property Investment | Asset Management | Development | Construction ACT Ground Floor, 50 Blackall Street, Barton ACT 2600 QLD 3 Glenelg Avenue, Mermaid Beach QLD 4218 PO Box 57, Mermaid Beach QLD 4218 | +61 7 5570 9666 www.morrispropertygroup.com.au 8 th June 2022 To Whom it May Concern Dear Sir/Madam Rental Appraisal – Permanent Leasing (Unfurnished) “Essen tia ” 18 Remembrance Drive, Surfers Paradise, QLD I have undertaken a rental review of the Surfers Paradise apartment market to ascertain an estimate of the likely rent achievable for this property in the current market. This estimate has been made by comparing rental rates currently being achieved for similar properties within the area along with other properties currently under our management. Upon comparing similar currently let properties, other available properties and current market conditions, I believe that the subject property will achieve a rental return of approximately: 1 Bed Apartments - Levels 2 to 5 • Unit Type 1A (1 Bed, 1 Bath, 1 Car) - $500 to $560 per week • Unit Type 1B (1 Bed, 1 Bath, 1 Car) - $510 to $570 per week • Unit Type 1C (1 Bed, 1 Bath, 1 Car) - $500 to $560 per week • Unit Type 1D (1 Bed, 1 Bath, 1 Car) - $490 to $560 per week 1 Bed Apartments - Levels 6 to 9 • Unit Type 1A (1 Bed, 1 Bath, 1 Car) - $560 to $620 per week • Unit Type 1B (1 Bed, 1 Bath, 1 Car) - $570 to $630 per week • Unit Type 1C (1 Bed, 1 Bath, 1 Car) - $560 to $620 per week • Unit Type 1D (1 Bed, 1 Bath, 1 Car) - $560 to $620 per week Property Investment | Asset Management | Development | Construction ACT Ground Floor, 50 Blackall Street, Barton ACT 2600 QLD 3 Glenelg Avenue, Mermaid Beach QLD 4218 PO Box 57, Mermaid Beach QLD 4218 | +61 7 5570 9666 www.morrispropertygroup.com.au Park View Apartments • Unit Type 2E (2 Bed, 2 Bath, 1 Car) - $650 to $690 per week • Unit Type 2E.1 (2 Bed, 2 Bath, 1 Car) - $700 to $750 per week • Unit Type 2F (2 Bed, 2 Bath, 1 Car) - $680 to $730 per week • Unit Type 2F.1 (2 Bed, 2 Bath, 1 Car) - $740 to $800 per week • Unit Type 2Fm (2 Bed, 2 Bath, 1 Car) - $680 to $730 per week • Unit Type 2F.1m (2 Bed, 2 Bath, 1 Car) - $740 to $800 per week River View Apartments • Unit Type 2A (2 Bed, 2 Bath, 1 Car, River View) - $850 to $920 per week • Unit Type 2Am (2 Bed, 2 Bath, 1 Car, River View) - $850 to $920 per week • Unit Type 2B (2 Bed, 2 Bath, 1 Car, River View) - $880 to $950 per week • Unit Type 2G (2 Bed, 2 Bath, 1 Car, River View) - $860 to $930 per week If you require any further information please do not hesitate to contact the undersigned on 0431 270 412 or tgielen@morrispropertygroup.com.au Yours sincerely, Travis Gielen Principal Licensee Morris Property Group Real Estate P/L Licence No: 4435822 ABN: 33 125 215 367 *******DISCLAIMER******* This appraisal has been prepared solely as a guide for the client and any third party. Although every care has been taken in arriving at the figures quoted, these are an opinion only and the information is relevant only to the time at which the assessment was produced. This appraisal should not be deemed a sworn valuation as carried out by a licensed property valuer. The figures stated are subject to change due to market conditions, seasonal vacancies, along with general factors such as supply and demand. The author of this appraisal shall not be responsible should the appraisal or any part thereof be incorrect in any way. 4 5 Projected Annual Return. 1 Bedroom 2 Bedroom Park View 2 Bedroom River View Variable fees & charges per booking Estimated % of Online Travel Agent (OTA) bookings 60% 60% 60% Online Travel Agent (OTA) estimated fees rates vary 20% 20% 20% Property Management/Marketing fees 3 18.15% 18.15% 18.15% Guest welcome convenience packs $15 $20 $20 Departure cleaning/linen $110 $150 $150 Estimated Gross Revenue 1 $53,665 $91,892 $108,677 Less estimated OTA charges 2 $6,440 $11,027 $13,041 Estimated Net Income $47,225 $80,865 $95,636 Operating Costs Management/marketing fees (18.15%) 3 $8,571 $14,677 $17,358 Guest welcome convenience packs 4 $1,300 $1,734 $1,734 Departure cleaning/linen 4 $9,535 $13,002 $13,002 Pest control 2 x per annum (Approx.) $70 $80 $80 Repairs & Maintenance as required At cost At cost At cost Bond cleaning, carpet cleaning as required At cost At cost At cost Total Operating Costs $19,476 $29,493 $32,174 Estimated Annual Net Income 5 $27,748 $51,372 $63,462 Estimated Weekly Net Income $534 $988 $1,220 * All Costs and charges listed are inclusive of GST. 1 Forecasts are based on occupancies of 65% in Low Season, 75% weekends, 85% in High Season. 2 Wholesaler/Online Travel Agencies (OTA’s) i.e.booking.com, expedia.com etc) are estimated at 60% of bookings at 20% OTA fee included in this forecast. All OTA’s charge different fees and only Actual Fees will be charged. 3 Management/marketing fees are charged after Online Travel Agencies (OTA’s) fees. 4 Cleaning/linen and guest convenience pack forecasts are based on an average stay of 3 nights. 5 Estimated Annual Net income does not include Body Corp fees, Rates, Utilities, Land tax, Depreciation and Insurance. RATE ANALYSIS Room Type Days Nightly Rate Occupancy Sub-total Total 1 Bedroom 89 $295 85% $22,317 $53,665 50 $170 75% $6,375 226 $170 65% $24,973 2 Bedroom Park View 89 $520 85% $39,338 $91,892 50 $285 75% $10,688 226 $285 65% $41,867 2 Bedroom River View 89 $620 85% $46,903 $108,677 50 $335 75% $12,563 226 $335 65% $49,212 DISCLAIMER: Information contained and the forecasts provided within are based on information at the time of publication and based on current market trends and our best endeavours to provide accurate projections. Morris Property Group Real Estate P/L does not accept any liability whatsoever for any direct, indirect, consequential or any other loss arising from use of such information and/or further communication in relation to it and recommend potential investors seek their own professional advice. Projected Short-Term Rental Returns 7 6 8 9 Depreciation Schedules. Cumulative Deductions (Minimum & Maximum) Minimum Total 9 10 $903 $671 7 8 9 10 Total Value $33,839 $6,803 $601 $275,720 $6,992 $1,466 $1,064 $790 $6,202 $241,882 $6,202 $205,371 $10,219 5 $11,893 $9,672 $5,776 $5,266 $6,627 7 8 $7,023 $1,245 This est im at e is p resent ed as a g uid e t o t he p o t ent ial d ep reciat io n d ed uct io ns o nly and sho uld no t b e ap p lied or act ed up o n. The d ep reciat io n of t he p lant and eq uip m ent it em s is b ased on t he Dim inishing Value m et ho d of d ep reciat io n ap p ly ing Lo w -Value Po oling and 10 0 % d ed uct io ns. The Div isio n 4 3 Cap it al A llo w ance is calculat ed at 2.5% p .a. of t he est im at ed const ruct io n cost . The est im at e is b ased up o n leg islat io n current as at t he d at e o f rep o rt p ro d uct io n. T TH HI IS S E ES ST TI IM MA A T TE E C CA A N NN NO OT T B BE E U US SE ED D F FO OR R T TA A X XA A T TI IO ON N P PU UR RP PO O S SE ES S. E ES ST TI IM MA AT TE E / / $3,169 $2,223 $1,757 $6,511 $6,169 $5,937 Total Value $28,731 $5,266 $5,266 $4,953 $4,407 $5,266 $8,435 4 $234,102 6 $5,266 $5,266 $5,266 $510 $7,489 $5,190 $3,733 $2,618 $6,202 1 2 3 $5,266 $5,266 $5,266 6 $2,069 $6,202 $6,202 $6,202 $6,202 $6,202 Year Division 40 Division 43 Maximum Year Division 40 Division 43 $14,007 Total $6,202 $6,202 1 2 3 4 5 $12,035 $11,392 $8,271 $7,668 $7,266 $9,935 Comparison (Minimum vs. Maximum) $8,820 $7,805 $5,833 $0 $2,0 0 0 $4 ,0 0 0 $6,0 0 0 $8,0 0 0 $10 ,0 0 0 $12,0 0 0 $14 ,0 0 0 $16 ,0 0 0 y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 Min Max $0 $10 ,0 0 0 $20 ,0 0 0 $30 ,0 0 0 $4 0 ,0 0 0 $50 ,0 0 0 $60 ,0 0 0 $70 ,0 0 0 $80 ,0 0 0 $90 ,0 0 0 $10 0 ,0 0 0 y 1 y 2 y 3 y 4 y 5 y 6 y 7 y 8 y 9 y 10 Min Max MCG Quantity Surveyors - Depreciation Estimate 18 Remembrance Drive, Surfers Paradise - 1 Bed, 1 Bath - 1A Average Purchase Price - $531,150 Cumulative Deductions (Minimum & Maximum) Minimum Total 9 10 $932 $691 7 8 9 10 Total Value $34,535 $7,036 $617 $284,884 $7,233 $1,516 $1,097 $813 $6,419 $250,349 $6,419 $212,560 $10,500 5 $12,230 $9,760 $5,974 $5,450 $6,779 7 8 $7,271 $1,287 This est im at e is p resent ed as a g uid e t o t he p o t ent ial d ep reciat io n d ed uct io ns o nly and sho uld no t b e ap p lied or act ed up o n. The d ep reciat io n of t he p lant and eq uip m ent it em s is b ased on t he Dim inishing Value m et ho d of d ep reciat io n ap p ly ing Lo w -Value Po oling and 10 0 % d ed uct io ns. The Div isio n 4 3 Cap it al A llo w ance is calculat ed at 2.5% p .a. of t he est im at ed const ruct io n cost . The est im at e is b ased up o n leg islat io n current as at t he d at e o f rep o rt p ro d uct io n. T TH HI IS S E ES ST TI IM MA A T TE E C CA A N NN NO OT T B BE E U US SE ED D F FO OR R T TA A X XA A T TI IO ON N P PU UR RP PO OS SE ES S. E ES ST TI IM MA AT TE E / / $3,306 $2,313 $1,821 $6,738 $6,382 $6,141 Total Value $29,322 $5,450 $5,450 $5,049 $4,309 $5,450 $8,756 4 $241,882 6 $5,450 $5,450 $5,450 $524 $7,763 $5,076 $3,894 $2,724 $6,419 1 2 3 $5,450 $5,450 $5,450 6 $2,144 $6,419 $6,419 $6,419 $6,419 $6,419 Year Division 40 Division 43 Maximum Year Division 40 Division 43 $14,404 Total $6,419 $6,419 1 2 3 4 5 $12,366 $11,495 $8,563 $7,935 $7,517 $10,313 Comparison (Minimum vs. Maximum) $9,143 $7,985 $5,947 $0 $2,0 0 0 $4 ,0 0 0 $6,0 0 0 $8,0 0 0 $10 ,0 0 0 $12,0 0 0 $14 ,0 0 0 $16 ,0 0 0 y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 Min Max $0 $10 ,0 0 0 $20 ,0 0 0 $30 ,0 0 0 $4 0 ,0 0 0 $50 ,0 0 0 $60 ,0 0 0 $70 ,0 0 0 $80 ,0 0 0 $90 ,0 0 0 $10 0 ,0 0 0 y 1 y 2 y 3 y 4 y 5 y 6 y 7 y 8 y 9 y 10 Min Max MCG Quantity Surveyors - Depreciation Estimate 18 Remembrance Drive, Surfers Paradise - 1 Bed, 1 Bath - 1B Average Purchase Price - $579,650 Cumulative Deductions (Minimum & Maximum) Minimum Total 9 10 $925 $686 7 8 9 10 Total Value $34,272 $6,926 $613 $280,459 $7,121 $1,505 $1,090 $808 $6,312 $246,186 $6,312 $209,026 $10,375 5 $12,075 $9,634 $5,880 $5,360 $6,715 7 8 $7,166 $1,278 This est im at e is p resent ed as a g uid e t o t he p o t ent ial d ep reciat io n d ed uct io ns o nly and sho uld no t b e ap p lied or act ed up o n. The d ep reciat io n of t he p lant and eq uip m ent it em s is b ased on t he Dim inishing Value m et ho d of d ep reciat io n ap p ly ing Lo w -Value Po oling and 10 0 % d ed uct io ns. The Div isio n 4 3 Cap it al A llo w ance is calculat ed at 2.5% p .a. of t he est im at ed const ruct io n cost . The est im at e is b ased up o n leg islat io n current as at t he d at e o f rep o rt p ro d uct io n. T TH HI IS S E ES ST TI IM MA A T TE E C CA A N NN NO OT T B BE E U US SE ED D F FO OR R T TA A X XA A T TI IO ON N P PU UR RP PO O S SE ES S. E ES ST TI IM MA AT TE E / / $3,281 $2,295 $1,806 $6,637 $6,285 $6,046 Total Value $29,099 $5,360 $5,360 $5,015 $4,275 $5,360 $8,640 4 $238,125 6 $5,360 $5,360 $5,360 $521 $7,655 $5,035 $3,864 $2,703 $6,312 1 2 3 $5,360 $5,360 $5,360 6 $2,127 $6,312 $6,312 $6,312 $6,312 $6,312 Year Division 40 Division 43 Maximum Year Division 40 Division 43 $14,222 Total $6,312 $6,312 1 2 3 4 5 $12,219 $11,347 $8,440 $7,817 $7,402 $10,176 Comparison (Minimum vs. Maximum) $9,016 $7,909 $5,907 $0 $2,0 0 0 $4 ,0 0 0 $6,0 0 0 $8,0 0 0 $10 ,0 0 0 $12,0 0 0 $14 ,0 0 0 $16 ,0 0 0 y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 Min Max $0 $10 ,0 0 0 $20 ,0 0 0 $30 ,0 0 0 $4 0 ,0 0 0 $50 ,0 0 0 $60 ,0 0 0 $70 ,0 0 0 $80 ,0 0 0 $90 ,0 0 0 $10 0 ,0 0 0 y 1 y 2 y 3 y 4 y 5 y 6 y 7 y 8 y 9 y 10 Min Max MCG Quantity Surveyors - Depreciation Estimate 18 Remembrance Drive, Surfers Paradise - 1 Bed, 1 Bath - 1C Average Purchase Price - $553,650 Cumulative Deductions (Minimum & Maximum) Minimum Total 9 10 $1,087 $800 7 8 9 10 Total Value $37,324 $7,677 $710 $309,039 $7,909 $1,781 $1,280 $942 $6,967 $271,715 $6,967 $230,701 $11,476 5 $12,972 $10,209 $6,518 $5,915 $7,057 7 8 $8,069 $1,512 This est im at e is p resent ed as a g uid e t o t he p o t ent ial d ep reciat io n d ed uct io ns o nly and sho uld no t b e ap p lied or act ed up o n. The d ep reciat io n of t he p lant and eq uip m ent it em s is b ased on t he Dim inishing Value m et ho d of d ep reciat io n ap p ly ing Lo w -Value Po oling and 10 0 % d ed uct io ns. The Div isio n 4 3 Cap it al A llo w ance is calculat ed at 2.5% p .a. of t he est im at ed const ruct io n cost . The est im at e is b ased up o n leg islat io n current as at t he d at e o f rep o rt p ro d uct io n. T TH HI IS S E ES ST TI IM MA A T TE E C CA A N NN NO O T T B BE E U US SE ED D F FO OR R T TA A X XA A T TI IO ON N P PU UR RP PO O S SE ES S. E ES ST TI IM MA AT TE E / / $3,188 $2,824 $2,153 $7,428 $7,002 $6,715 Total Value $31,690 $5,915 $5,915 $5,561 $4,293 $5,915 $9,104 4 $262,392 6 $5,915 $5,915 $5,915 $603 $8,739 $5,056 $3,755 $3,326 $6,967 1 2 3 $5,915 $5,915 $5,915 6 $2,536 $6,967 $6,967 $6,967 $6,967 $6,967 Year Division 40 Division 43 Maximum Year Division 40 Division 43 $15,278 Total $6,967 $6,967 1 2 3 4 5 $13,516 $12,023 $9,503 $8,748 $8,247 $10,722 Comparison (Minimum vs. Maximum) $10,293 $8,311 $6,549 $0 $2,0 0 0 $4 ,0 0 0 $6,0 0 0 $8,0 0 0 $10 ,0 0 0 $12,0 0 0 $14 ,0 0 0 $16 ,0 0 0 y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 Min Max $0 $20 ,0 0 0 $4 0 ,0 0 0 $60 ,0 0 0 $80 ,0 0 0 $10 0 ,0 0 0 $120 ,0 0 0 y 1 y 2 y 3 y 4 y 5 y 6 y 7 y 8 y 9 y 10 Min Max MCG Quantity Surveyors - Depreciation Estimate 18 Remembrance Drive, Surfers Paradise - 1 Bed, 1 Bath - 1D Average Purchase Price - $553,650 Cumulative Deductions (Minimum & Maximum) Minimum Total 9 10 $1,434 $1,107 7 8 9 10 Total Value $50,449 $11,363 $1,639 $429,684 $11,027 $2,246 $1,689 $1,303 $9,724 $379,236 $9,724 $321,992 $15,979 5 $17,300 $13,900 $9,648 $8,256 $9,044 7 8 $10,858 $1,907 This est im at e is p resent ed as a g uid e t o t he p o t ent ial d ep reciat io n d ed uct io ns o nly and sho uld no t b e ap p lied or act ed up o n. The d ep reciat io n of t he p lant and eq uip m ent it em s is b ased on t he Dim inishing Value m et ho d of d ep reciat io n ap p ly ing Lo w -Value Po oling and 10 0 % d ed uct io ns. The Div isio n 4 3 Cap it al A llo w ance is calculat ed at 2.5% p .a. of t he est im at ed const ruct io n cost . The est im at e is b ased up o n leg islat io n current as at t he d at e o f rep o rt p ro d uct io n. T TH HI IS S E ES ST TI IM MA A T TE E C CA A N NN NO OT T B BE E U US SE ED D F FO OR R T TA A X XA A T TI IO ON N P PU UR RP PO O S SE ES S. E ES ST TI IM MA AT TE E / / $4,265 $3,123 $2,602 $10,163 $9,690 $9,363 Total Value $42,834 $8,256 $8,256 $7,723 $5,644 $8,256 $12,521 4 $364,826 6 $8,256 $8,256 $8,256 $1,392 $11,379 $6,647 $5,023 $3,678 $9,724 1 2 3 $8,256 $8,256 $8,256 6 $3,065 $9,724 $9,724 $9,724 $9,724 $9,724 Year Division 40 Division 43 Maximum Year Division 40 Division 43 $20,376 Total $9,724 $9,724 1 2 3 4 5 $18,820 $16,371 $12,789 $11,970 $11,413 $14,747 Comparison (Minimum vs. Maximum) $13,402 $10,652 $9,096 $0 $5,0 0 0 $10 ,0 0 0 $15,0 0 0 $20 ,0 0 0 $25,0 0 0 y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 Min Max $0 $20 ,0 0 0 $4 0 ,0 0 0 $60 ,0 0 0 $80 ,0 0 0 $10 0 ,0 0 0 $120 ,0 0 0 $14 0 ,0 0 0 $16 0 ,0 0 0 y 1 y 2 y 3 y 4 y 5 y 6 y 7 y 8 y 9 y 10 Min Max MCG Quantity Surveyors - Depreciation Estimate 18 Remembrance Drive, Surfers Paradise - 2 Bed, 2 Bath - 2A Average Purchase Price - $903,650 Cumulative Deductions (Minimum & Maximum) Minimum Total 9 10 $1,434 $1,107 7 8 9 10 Total Value $50,449 $11,363 $1,639 $429,684 $11,027 $2,246 $1,689 $1,303 $9,724 $379,236 $9,724 $321,992 $15,979 5 $17,300 $13,900 $9,648 $8,256 $9,044 7 8 $10,858 $1,907 This est im at e is p resent ed as a g uid e t o t he p o t ent ial d ep reciat io n d ed uct io ns o nly and sho uld no t b e ap p lied or act ed up o n. The d ep reciat io n of t he p lant and eq uip m ent it em s is b ased on t he Dim inishing Value m et ho d of d ep reciat io n ap p ly ing Lo w -Value Po oling and 10 0 % d ed uct io ns. The Div isio n 4 3 Cap it al A llo w ance is calculat ed at 2.5% p .a. of t he est im at ed const ruct io n cost . The est im at e is b ased up o n leg islat io n current as at t he d at e o f rep o rt p ro d uct io n. T TH HI IS S E ES ST TI IM MA A T TE E C CA A N NN NO O T T B BE E U US SE ED D F FO O R R T TA A X XA A T TI IO O N N P PU UR RP PO O S SE ES S. E ES ST TI IM MA AT TE E / / $4,265 $3,123 $2,602 $10,163 $9,690 $9,363 Total Value $42,834 $8,256 $8,256 $7,723 $5,644 $8,256 $12,521 4 $364,826 6 $8,256 $8,256 $8,256 $1,392 $11,379 $6,647 $5,023 $3,678 $9,724 1 2 3 $8,256 $8,256 $8,256 6 $3,065 $9,724 $9,724 $9,724 $9,724 $9,724 Year Division 40 Division 43 Maximum Year Division 40 Division 43 $20,376 Total $9,724 $9,724 1 2 3 4 5 $18,820 $16,371 $12,789 $11,970 $11,413 $14,747 Comparison (Minimum vs. Maximum) $13,402 $10,652 $9,096 $0 $5,0 0 0 $10 ,0 0 0 $15,0 0 0 $20 ,0 0 0 $25,0 0 0 y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 Min Max $0 $20 ,0 0 0 $4 0 ,0 0 0 $60 ,0 0 0 $80 ,0 0 0 $10 0 ,0 0 0 $120 ,0 0 0 $14 0 ,0 0 0 $160 ,0 0 0 y 1 y 2 y 3 y 4 y 5 y 6 y 7 y 8 y 9 y 10 Min Max MCG Quantity Surveyors - Depreciation Estimate 18 Remembrance Drive, Surfers Paradise - 2 Bed, 2 Bath - 2Am Average Purchase Price - $903,650 Cumulative Deductions (Minimum & Maximum) Minimum Total 9 10 $1,638 $1,266 7 8 9 10 Total Value $57,256 $12,273 $1,180 $489,886 $12,584 $2,558 $1,929 $1,491 $11,093 $432,630 $11,093 $367,328 $17,968 5 $19,617 $15,914 $10,421 $9,419 $10,198 7 8 $12,375 $2,172 This est im at e is p resent ed as a g uid e t o t he p o t ent ial d ep reciat io n d ed uct io ns o nly and sho uld no t b e ap p lied or act ed up o n. The d ep reciat io n of t he p lant and eq uip m ent it em s is b ased on t he Dim inishing Value m et ho d of d ep reciat io n ap p ly ing Lo w -Value Po oling and 10 0 % d ed uct io ns. The Div isio n 4 3 Cap it al A llo w ance is calculat ed at 2.5% p .a. of t he est im at ed const ruct io n cost . The est im at e is b ased up o n leg islat io n current as at t he d at e o f rep o rt p ro d uct io n. T TH HI IS S E ES ST TI IM MA A T TE E C CA A N NN NO OT T B BE E U US SE ED D F FO OR R T TA A X XA A T TI IO ON N P PU UR RP PO O S SE ES S. E ES ST TI IM MA AT TE E / / $4,878 $3,572 $2,957 $11,591 $11,056 $10,685 Total Value $48,613 $9,419 $9,419 $8,550 $6,496 $9,419 $14,297 4 $415,941 6 $9,419 $9,419 $9,419 $1,002 $12,991 $7,651 $5,746 $4,207 $11,093 1 2 3 $9,419 $9,419 $9,419 6 $3,482 $11,093 $11,093 $11,093 $11,093 $11,093 Year Division 40 Division 43 Maximum Year Division 40 Division 43 $23,104 Total $11,093 $11,093 1 2 3 4 5 $21,163 $18,744 $14,576 $13,651 $13,022 $16,839 Comparison (Minimum vs. Maximum) $15,300 $12,011 $10,070 $0 $5,0 0 0 $10 ,0 0 0 $15,0 0 0 $20 ,0 0 0 $25,0 0 0 y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 Min Max $0 $20 ,0 0 0 $4 0 ,0 0 0 $60 ,0 0 0 $80 ,0 0 0 $10 0 ,0 0 0 $120 ,0 0 0 $14 0 ,0 0 0 $16 0 ,0 0 0 $180 ,0 0 0 y 1 y 2 y 3 y 4 y 5 y 6 y 7 y 8 y 9 y 10 Min Max MCG Quantity Surveyors - Depreciation Estimate 18 Remembrance Drive, Surfers Paradise - 2 Bed, 2 Bath - 2B Average Purchase Price - $1,068,650 Cumulative Deductions (Minimum & Maximum) Minimum Total 9 10 $1,787 $1,266 7 8 9 10 Total Value $45,039 $9,779 $1,082 $384,237 $10,189 $1,963 $2,105 $1,491 $8,697 $339,198 $8,697 $287,998 $14,110 5 $15,909 $12,327 $8,303 $7,385 $8,524 7 8 $9,657 $1,667 This est im at e is p resent ed as a g uid e t o t he p o t ent ial d ep reciat io n d ed uct io ns o nly and sho uld no t b e ap p lied or act ed up o n. The d ep reciat io n of t he p lant and eq uip m ent it em s is b ased on t he Dim inishing Value m et ho d of d ep reciat io n ap p ly ing Lo w -Value Po oling and 10 0 % d ed uct io ns. The Div isio n 4 3 Cap it al A llo w ance is calculat ed at 2.5% p .a. of t he est im at ed const ruct io n cost . The est im at e is b ased up o n leg islat io n current as at t he d at e o f rep o rt p ro d uct io n. T TH HI IS S E ES ST TI IM MA A T TE E C CA A N NN NO O T T B BE E U US SE ED D F FO O R R T TA A X XA A T TI IO O N N P PU UR RP PO O S SE ES S. E ES ST TI IM MA AT TE E / / $3,760 $2,858 $2,272 $9,052 $9,172 $8,651 Total Value $38,241 $7,385 $7,385 $6,726 $4,943 $7,385 $11,145 4 $326,239 6 $7,385 $7,385 $7,385 $919 $10,243 $5,822 $4,428 $3,366 $8,697 1 2 3 $7,385 $7,385 $7,385 6 $2,676 $8,697 $8,697 $8,697 $8,697 $8,697 Year Division 40 Division 43 Maximum Year Division 40 Division 43 $18,737 Total $8,697 $8,697 1 2 3 4 5 $16,619 $14,519 $11,374 $10,661 $10,802 $13,126 Comparison (Minimum vs. Maximum) $12,064 $10,040 $7,921 $0 $2,0 0 0 $4 ,0 0 0 $6,0 0 0 $8,0 0 0 $10 ,0 0 0 $12,0 0 0 $14 ,0 0 0 $16,0 0 0 $18,0 0 0 $20 ,0 0 0 y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 Min Max $0 $20 ,0 0 0 $4 0 ,0 0 0 $60 ,0 0 0 $80 ,0 0 0 $10 0 ,0 0 0 $120 ,0 0 0 $14 0 ,0 0 0 y 1 y 2 y 3 y 4 y 5 y 6 y 7 y 8 y 9 y 10 Min Max MCG Quantity Surveyors - Depreciation Estimate 18 Remembrance Drive, Surfers Paradise - 2 Bed, 2 Bath - 2E Average Purchase Price - $739,900 Cumulative Deductions (Minimum & Maximum) Minimum Total 9 10 $1,854 $1,316 7 8 9 10 Total Value $46,922 $10,367 $1,126 $407,310 $10,790 $2,046 $2,183 $1,550 $9,241 $360,389 $9,241 $305,991 $14,866 5 $16,688 $13,001 $8,802 $7,846 $8,842 7 8 $10,213 $1,737 This est im at e is p resent ed as a g uid e t o t he p o t ent ial d ep reciat io n d ed uct io ns o nly and sho uld no t b e ap p lied or act ed up o n. The d ep reciat io n of t he p lant and eq uip m ent it em s is b ased on t he Dim inishing Value m et ho d of d ep reciat io n ap p ly ing Lo w -Value Po oling and 10 0 % d ed uct io ns. The Div isio n 4 3 Cap it al A llo w ance is calculat ed at 2.5% p .a. of t he est im at ed const ruct io n cost . The est im at e is b ased up o n leg islat io n current as at t he d at e o f rep o rt p ro d uct io n. T TH HI IS S E ES ST TI IM MA A T TE E C CA A N NN NO OT T B BE E U US SE ED D F FO OR R T TA A X XA A T TI IO ON N P PU UR RP PO O S SE ES S. E ES ST TI IM MA AT TE E / / $3,918 $2,983 $2,367 $9,583 $9,700 $9,162 Total Value $39,839 $7,846 $7,846 $7,020 $5,156 $7,846 $11,764 4 $345,830 6 $7,846 $7,846 $7,846 $956 $10,829 $6,072 $4,614 $3,513 $9,241 1 2 3 $7,846 $7,846 $7,846 6 $2,788 $9,241 $9,241 $9,241 $9,241 $9,241 Year Division 40 Division 43 Maximum Year Division 40 Division 43 $19,654 Total $9,241 $9,241 1 2 3 4 5 $17,509 $15,313 $12,028 $11,287 $11,424 $13,855 Comparison (Minimum vs. Maximum) $12,754 $10,414 $8,268 $0 $2,0 0 0 $4 ,0 0 0 $6,0 0 0 $8,0 0 0 $10 ,0 0 0 $12,0 0 0 $14 ,0 0 0 $16 ,0 0 0 $18,0 0 0 $20 ,0 0 0 y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 Min Max $0 $20 ,0 0 0 $4 0 ,0 0 0 $60 ,0 0 0 $80 ,0 0 0 $10 0 ,0 0 0 $120 ,0 0 0 $14 0 ,0 0 0 y 1 y 2 y 3 y 4 y 5 y 6 y 7 y 8 y 9 y 10 Min Max MCG Quantity Surveyors - Depreciation Estimate 18 Remembrance Drive, Surfers Paradise - 2 Bed, 2 Bath - 2F Average Purchase Price - $814,900 Cumulative Deductions (Minimum & Maximum) Minimum Total 9 10 $1,271 $1,538 7 8 9 10 Total Value $46,681 $10,871 $1,290 $420,316 $11,392 $1,968 $1,497 $1,812 $9,580 $373,635 $9,580 $317,237 $15,276 5 $16,529 $13,513 $9,230 $8,134 $8,395 7 8 $10,388 $1,671 This est im at e is p resent ed as a g uid e t o t he p o t ent ial d ep reciat io n d ed uct io ns o nly and sho uld no t b e ap p lied or act ed up o n. The d ep reciat io n of t he p lant and eq uip m ent it em s is b ased on t he Dim inishing Value m et ho d of d ep reciat io n ap p ly ing Lo w -Value Po oling and 10 0 % d ed uct io ns. The Div isio n 4 3 Cap it al A llo w ance is calculat ed at 2.5% p .a. of t he est im at ed const ruct io n cost . The est im at e is b ased up o n leg islat io n current as at t he d at e o f rep o rt p ro d uct io n. T TH HI IS S E ES ST TI IM MA A T TE E C CA A N NN NO OT T B BE E U US SE ED D F FO O R R T TA A X XA A T TI IO O N N P PU UR RP PO O S SE ES S. E ES ST TI IM MA AT TE E / / $3,861 $3,119 $2,253 $9,805 $9,406 $9,673 Total Value $39,634 $8,134 $8,134 $7,142 $5,379 $8,134 $11,995 4 $356,872 6 $8,134 $8,134 $8,134 $1,096 $11,253 $6,335 $4,547 $3,674 $9,580 1 2 3 $8,134 $8,134 $8,134 6 $2,654 $9,580 $9,580 $9,580 $9,580 $9,580 Year Division 40 Division 43 Maximum Year Division 40 Division 43 $19,468 Total $9,580 $9,580 1 2 3 4 5 $17,992 $15,916 $12,234 $11,548 $11,078 $14,127 Comparison (Minimum vs. Maximum) $13,254 $9,887 $8,411 $0 $2,0 0 0 $4 ,0 0 0 $6,0 0 0 $8,0 0 0 $10 ,0 0 0 $12,0 0 0 $14 ,0 0 0 $16,0 0 0 $18,0 0 0 $20 ,0 0 0 y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 Min Max $0 $20 ,0 0 0 $4 0 ,0 0 0 $60 ,0 0 0 $80 ,0 0 0 $10 0 ,0 0 0 $120 ,0 0 0 $14 0 ,0 0 0 y 1 y 2 y 3 y 4 y 5 y 6 y 7 y 8 y 9 y 10 Min Max MCG Quantity Surveyors - Depreciation Estimate 18 Remembrance Drive, Surfers Paradise - 2 Bed, 2 Bath - 2G Average Purchase Price - $913,650 Cumulative Deductions (Minimum & Maximum) Minimum Total 9 10 $1,557 $1,122 7 8 9 10 Total Value $44,762 $9,415 $975 $373,912 $9,761 $2,605 $1,834 $1,321 $8,440 $329,150 $8,440 $279,467 $13,837 5 $15,667 $12,074 $7,993 $7,166 $8,501 7 8 $9,429 $2,212 This est im at e is p resent ed as a g uid e t o t he p o t ent ial d ep reciat io n d ed uct io ns o nly and sho uld no t b e ap p lied or act ed up o n. The d ep reciat io n of t he p lant and eq uip m ent it em s is b ased on t he Dim inishing Value m et ho d of d ep reciat io n ap p ly ing Lo w -Value Po oling and 10 0 % d ed uct io ns. The Div isio n 4 3 Cap it al A llo w ance is calculat ed at 2.5% p .a. of t he est im at ed const ruct io n cost . The est im at e is b ased up o n leg islat io n current as at t he d at e o f rep o rt p ro d uct io n. T TH HI IS S E ES ST TI IM MA A T TE E C CA A N NN NO O T T B BE E U US SE ED D F FO O R R T TA A X XA A T TI IO O N N P PU UR RP PO O S SE ES S. E ES ST TI IM MA AT TE E / / $3,738 $2,843 $2,263 $9,378 $8,723 $8,287 Total Value $38,006 $7,166 $7,166 $6,672 $4,908 $7,166 $10,904 4 $317,473 6 $7,166 $7,166 $7,166 $828 $10,009 $5,781 $4,403 $3,349 $8,440 1 2 3 $7,166 $7,166 $7,166 6 $2,665 $8,440 $8,440 $8,440 $8,440 $8,440 Year Division 40 Division 43 Maximum Year Division 40 Division 43 $18,452 Total $8,440 $8,440 1 2 3 4 5 $16,297 $14,220 $11,105 $11,045 $10,273 $12,842 Comparison (Minimum vs. Maximum) $11,789 $10,012 $7,858 $0 $2,0 0 0 $4 ,0 0 0 $6,0 0 0 $8,0 0 0 $10 ,0 0 0 $12,0 0 0 $14 ,0 0 0 $16,0 0 0 $18,0 0 0 $20 ,0 0 0 y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 Min Max $0 $20 ,0 0 0 $4 0 ,0 0 0 $60 ,0 0 0 $80 ,0 0 0 $10 0 ,0 0 0 $120 ,0 0 0 $14 0 ,0 0 0 y 1 y 2 y 3 y 4 y 5 y 6 y 7 y 8 y 9 y 10 Min Max MCG Quantity Surveyors - Depreciation Estimate 18 Remembrance Drive, Surfers Paradise - 2 Bed, 2 Bath - 2E-1 Average Purchase Price - $781,900 Cumulative Deductions (Minimum & Maximum) Minimum Total 9 10 $1,877 $1,332 7 8 9 10 Total Value $47,448 $10,183 $1,140 $400,133 $10,612 $2,068 $2,210 $1,569 $9,043 $352,685 $9,043 $299,450 $14,776 5 $16,623 $12,890 $8,646 $7,678 $8,945 7 8 $10,070 $1,756 This est im at e is p resent ed as a g uid e t o t he p o t ent ial d ep reciat io n d ed uct io ns o nly and sho uld no t b e ap p lied or act ed up o n. The d ep reciat io n of t he p lant and eq uip m ent it em s is b ased on t he Dim inishing Value m et ho d of d ep reciat io n ap p ly ing Lo w -Value Po oling and 10 0 % d ed uct io ns. The Div isio n 4 3 Cap it al A llo w ance is calculat ed at 2.5% p .a. of t he est im at ed const ruct io n cost . The est im at e is b ased up o n leg islat io n current as at t he d at e o f rep o rt p ro d uct io n. T TH HI IS S E ES ST TI IM MA A T TE E C CA A N NN NO OT T B BE E U US SE ED D F FO O R R T TA A X XA A T TI IO ON N P PU UR RP PO O S SE ES S. E ES ST TI IM MA AT TE E / / $3,960 $3,015 $2,392 $9,434 $9,555 $9,010 Total Value $40,286 $7,678 $7,678 $7,098 $5,212 $7,678 $11,638 4 $339,735 6 $7,678 $7,678 $7,678 $968 $10,693 $6,139 $4,664 $3,551 $9,043 1 2 3 $7,678 $7,678 $7,678 6 $2,817 $9,043 $9,043 $9,043 $9,043 $9,043 Year Division 40 Division 43 Maximum Year Division 40 Division 43 $19,578 Total $9,043 $9,043 1 2 3 4 5 $17,403 $15,182 $11,860 $11,112 $11,254 $13,707 Comparison (Minimum vs. Maximum) $12,594 $10,535 $8,359 $0 $2,0 0 0 $4 ,0 0 0 $6,0 0 0 $8,0 0 0 $10 ,0 0 0 $12,0 0 0 $14 ,0 0 0 $16 ,0 0 0 $18,0 0 0 $20 ,0 0 0 y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 Min Max $0 $20 ,0 0 0 $4 0 ,0 0 0 $60 ,0 0 0 $80 ,0 0 0 $10 0 ,0 0 0 $120 ,0 0 0 $14 0 ,0 0 0 y 1 y 2 y 3 y 4 y 5 y 6 y 7 y 8 y 9 y 10 Min Max MCG Quantity Surveyors - Depreciation Estimate 18 Remembrance Drive, Surfers Paradise - 2 Bed, 2 Bath - 2F-1 Average Purchase Price - $846,567 Please note price of furniture package is dependant on the floor plan. Please reach out to your sales agent and they will provide you a full list of inclusions with an exact quote. Dressed for success. Your apartment will be the discerning renter’s dream when it’s dressed with one of our exclusive furniture package from Noble House Furniture. Renowned for their luxe fit-outs of hotels, resorts and premium apartments, Noble House has designed a furniture package with both long-term and short-term letting in mind. All packages are ‘turn-key’ and include full kitchen, laundry and cleaning goods to ensure your property is guest or tenant ready. Furniture packages are available as follows: • 1 bedroom packages start from $20,314.30 (incl GST) • 2 bedroom packages start from $27,263.90 (incl GST) Furniture Pack 22 23 CONTACT: TRAVIS GIELEN 0431 270 412 DISCLAIMER: Information contained and the forecasts provided within are based on information at the time of publication and based on current market trends and our best endeavours to provide accurate projections. MPG Unit Management Pty Limited does not accept any liability for any direct, indirect, consequential or any other loss arising from use of such information and/or further communication in relation to it and recommends potential investors seek their own professional advice.