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REPS 3. Appendix C - Body Corporate fee estimate with lift
18 May 2022 Attention: Altum Property Group Suite 4/8 Kingfisher Drive, PEREGIAN BEACH QLD 4573 Dear Alex, RE: 245 DAVID LOW WAY, PEREGIAN BEACH QLD 4573 – LIFT COSTS The Body Corporate contributions for 245 David low Way, Peregian Beach QLD are currently: x $22,093 (Inc GST) per annum - ($5,523.25 per unit per annum) x $318.65 (Inc GST) per week - ($106.22 per unit per annum) If a lift were to be added, the Body Corporate contributions would increase as follows: x $32,163 (Inc GST) per annum - ($8,040.75 per unit per annum) x $463.89 (Inc GST) per week - ($154.63 per unit per week) This amount is $10,070.00 per annum more in total and $2,517.50 per annum more per unit compared to a development without a lift. This is an increase of 45.58%. A summary of the annual ongoing costs associated with a development including a lift are below: LIFT COSTS Registration $350.00 Service & Maintenance $6,600.00 Lift – Telephone $420.00 TOTAL $7,370.00 (Inc GST) Increased Sinking fund $1,500.00 Increased Insurance $1,200.00 TOTAL $8,870.00 (Inc GST) Annual cost per unit: $2,517.50 Please refer to Annexure 1 & 2 for the Budget & Entitlements for this property with a lift. Kind regards Peter Cassels Director - Cassels Strata Management Pty Ltd
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ANNEXURE 1 – BUDGET (LIFT) [OCR of page images] CASSELS STRATA ANNEXURE 1 — BUDGET (LIFT) CASSELS STRATA Body Corporate for 245 David Low Way Proposed budget for the initial 12 months of the Scheme [Contributions Receivable $20,163] LESS EXPENSES Accounting Fees Income Tax - Lodgement Fees $203 Administration Fees Administration Fees $1,980 Disbursements, IT Electronic archiving - Contract $500 Banking Fees Bank Charges $10 Cleaning/Gardening Cleaning/ cleaning Materials $5,000 Common Uti Electricity $1,500 Water $500 Fire Control Fire Control - Repairs and Maintenance $1,500 General Maintenance R&M- Building $500 R &M- Electrical $350 Insurance Insurance - Building $8,000.00 Lift Costs Registration $350 Service & Maintenance $6,600 Lift - Telephone $420 Professional Fees Sinking Fund Forecast/Ins Valuation $750 $8,000 $20,163 Total INC GST $8,000 $20,163] Total Units of Entitlement 400 400 Levy Per Unit of Entitlement $20.0000 $50.4075 Contributions Receivable $4,000 Total INC GST $4,000 | Total Units of Entitlement 400 Levy Per Unit of Entitlement $10.0000 www.casselsstrata.com.au
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ANNEXURE 2 – ENTITLEMENTS (LIFT) [OCR of page images] CASSELS STRATA ANNEXURE 2 — ENTITLEMENTS (LIFT) STRATA Body Corporate for 245 David Low Way Schedule of Proposed Contributions Contribution Interest Building Administration LOT NO. Schedule Lot Lift Costs BCM Schedule Lot] Insurance J Fund (Total INC caine ee _| Total Per Lot Per Pare cise . Entitlement Agreement | Entitlement | Contribution GST) based on based on CSLE Year (INC GST) INC GST) (CSLE) (ISLE) based on ISLE} CSLE & ISLE 1 100 $1842.50 $58750 100 $2,000.00] $5,040.75 $1,000.00] $8,040.75 $154.63] 2 100 $1842.50 $587.50 100 $2,000.00 $5,040.75 $1,000.00] $8,040.75] $154.63] 3 300 $184250 $587.50] 100 $2,000.00] $5,040.75 $1,000.00] $8,040.75] $154.63] 4 100 $1842.50 $587.50] 100 $2,000.00 $5,040.75 $1,000.00] $8,040.75] $154.63] ‘OTALS 400 $7,370.00) $2,350.00] 400 $8,000.00) $20,163.00 $4,000.00 $32,163.00 $463.89 www.casselsstrata.com.au