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