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REPS 1. Appendix A - Lift Cost Comparison
Our Ref: 22qu419/HM
Friday, 20 May 2022
Altum Property Group
PO Box 2
Peregian Beach QLD 4573
Attention: Alex Rigby
RE: Lift Construction Cost Comparison
Proposed Development at 245 David Low Way, Peregian
The below is a breakdown of the cost to install a lift and the analysis of the additional
development costs per unit rate due to the lift installation.
Refer to Table 1.1 and Table 1.2 as below for the analysis of costs to install a lift when
compared to the overall development costs.
Table 1.1 – Analysis of Costs to Install Lift
No Description Total
1.1 ADD: Cost to construct lift $ 145,000.00
1.2 DEDUCT: Cost savings in lieu of lift construction -$ 6,800.00
1.3 Total ADDITIONAL costs to install lift $ 138,200.00
Table 1.2 – Analysis of Costs to Install Lift
No Description Units Cost per unit Overall cost
2.1 Current build cost per unit excl. lift 3 $ 350,000.00 $ 1,050,000.00
Additional build cost per unit to install
2.2 3 $ 46,066.67 $ 138,200.00
lift
Total ADDITIONAL build cost per unit
2.3 3 $ 396,066.67 $ 1,188,200.00
incl. lift installation
Percentage increase in unit construction due to lift installation 13.16%
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