WWW.CVA.MELBOURNE 1
2 NORRIS STREET, COBURG NORTH
2 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 3 01 THE PROJECT 01. WHERE WORK BALANCES LIFE 02. LOCATION 03. MODERN SPACES 02 THE BUILDING 01. FINISHES & FIXTURES 02. SITE PLAN & BUILDING TYPES 03 THE PRICING 01. PRICE LIST 02. ESTIMATED OUTGOINGS 04 THE FINANCIALS 01. OWNERS CORPORATION BUDGET 02. DEPRECIATION SCHEDULE 03. INVESTMENT ANALYSIS
4 2 NORRIS STREET, COBURG NORTH 01 THE PROJECT 01. WHERE WORK BALANCES LIFE 02. LOCATION 03. MODERN SPACES
WHERE WORK BALANCES LIFE
Purposefully considered and elegantly designed, the collection of studio spaces located at 2 Norris Street, Coburg sees you at the centre of commercial opportunity. Because if there’s one thing this city offers, it’s options. And Norris is designed to cater to them all.
Balancing functional office spaces and versatile recreational areas, the 14 workspaces give space to purpose — and turn a new leaf in defining what that looks like. Located just outside the inner city, the studios combine the quiet we’ve become used to with the opportunity to write your own rules, in your own space. Because as we find ourselves on the cusp of the new normal, Norris affords you what 2020 couldn’t — work life balance.
01.INTRODUCTION
6 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 7
LOCATION
Surrounded by residential living, this collection of studios adds versatility to a neighbourhood that’s boasting with convenience. Parallel to Sydney Road and just down the road from the Upfield line, Norris is easily accessible and coveted in its appeal. And with secure ground floor parking, you’ll be guaranteed to arrive at work on time — whatever your working hours may be.
02. LANDSCAPE
8 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 9
MODERN SPACES
Where sleek city vibes meet the considered functionality of inner suburbia, Norris introduces a stylish sophistication into the neighbourhood and stands out through its elevated design. With premium fixtures that reflect a contemporary and refined point of view, this collection of workspaces is not just a facilitator of your productivity but a space you won’t want to leave at the end of the day.
Designed to cater to a multitude of uses, each studio space features three walk-up storeys, including generous storage space on the ground floor, bright breakout areas on the first floor and functional office spaces on the second floor. Security and aesthetic coexist with three phase power security gating the estate, and CCTV security systems throughout. It’s an environment that lends itself to be maximised — whether you’re intending to use it as a business space or dedicate it to your hobby.
01. INTRODUCTION
10 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 11
12 2 NORRIS STREET, COBURG NORTH 02 THE BUILDING 01.FINISHES & FIXTURES 02.SITE P LAN & BUILDING TYPES
EXTERNAL FINISHES
WINDOWS GUTTER FASCIA FLASHING
DOWNPIPES GARAGE DOOR GROUND FLOOR FEATURE METAL CLADDING
Aluminium Windows and Sliding Doors Where 100mm Square Gutter is needed Any Fascia if needed Any Infill, Flashings or Cappings where where needed
Downpipes located as per plan Electric control Roller Doors Brick layed with raked neutral mortar joints External metal Cladding feature front facade
Colourbond Night Sky Colourbond Night Sky Colourbond Night Sky Colourbond Night Sky
Colourbond Night Sky Colourbond Night Sky Recycled Pressed Reds Corregated Monument
01.FINISHES & FIXTURES 14 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 15
COLOUR DESCRIPTION LOCATION/ ITEM COLOUR DESCRIPTION LOCATION/ ITEM
DOOR FINISHES INTERNAL PAINT
INTERNAL DOORS DOOR HANDLES FLUSH PULL DOOR HANDLES DOOR STOPS
INTERNAL PAINT CEILINGS WALLS
Flush Panel 2040 x 820 Passage Sets Flush Pull Door Stops Wall Mount
3 Coast system
WOODWORK (ARCHES/ SKIRTS) & DOORS
Steel Under Purlin ‘C’
Channel to Ground Floor
Ceiling
3 Coast system Satin finish
Plain Flush Panel Black Black Chrome
Wattyl Greyology 1 Wash & Wear
Dulux Matt Black
Wattyl Greyology 1 Low Sheen
Wattyl Greyology 1 Satin
01.FINISHES & FIXTURES 16 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 17
COLOUR DESCRIPTION LOCATION/ ITEM COLOUR DESCRIPTION LOCATION/ ITEM
INTERNAL FLOORING
TOILET & FLOOR SKIRTING KITCHENETTE WALLS BALCONY TILES GROUND FLOOR
FLOORING FEATURE STAIRCASE
300 x 600 Porcelain Tiles
Laid Stacked with 3mm
Grout Lines
Grout to colour match
Glass Splashback
Smokey Grey
450 x 450 Porcelain Tiles
To be installed on Balconies Epoxy 50 Flake System
European Oak Engineered Flooring Open Riser Tasmanian Oak Stair System
Anthracite Matt Smokey Grey Dark Grey Natural
Natural Night Sky
01. FINISHES & FIXTURES 18 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 19
COLOUR DESCRIPTION LOCATION/ ITEM COLOUR DESCRIPTION LOCATION/ ITEM
ELECTRICAL & PLUMBING FINISHES
01.FINISHES & FIXTURES 22 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 23
- - -- - - - COLOUR DESCRIPTION LOCATION/ ITEM
TRACK LIGHTING BASIN BASIN TOP KITCHENETTE TAP
SCHEDULE OF AREAS sq metres*
SCHEDULE OF AREAS sq metres* STUDIO 8 165 sqm
STUDIO 9 165 sqm
STUDIO 10 165 sqm
STUDIO 11 165 sqm
STUDIO 12 165 sqm
STUDIO 13 165 sqm STUDIO 14 165 sqm
STUDIO
STUDIO 3
STUDIO 4
STUDIO 5
STUDIO 6
STUDIO
1 138 sqm STUDIO 2 140.5 sqm
143 sqm
143 sqm
143 sqm
146 sqm
7 165 sqm
SITE PLAN SITE PLAN 2 NORRIS STREET, COBURG NORTH. 2 NORRIS STREET, COBURG NORTH. *ALL MEASUREMENTS AND SIZES ARE APPROXIMATE ONLY. *ALL MEASUREMENTS AND SIZES ARE APPROXIMATE ONLY. 02. SITE PLAN 24 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 25
02.SITE PLAN FLOOR PLAN GROUND FLOOR 51 sqm FIRST FLOOR 46 sqm SECOND FLOOR 41 sqm TOTAL 138 sqm STUDIO 01 BATH TERRACE PLANTER BOX KITCHENETTE GROUND FLOOR FIRST FLOOR SECOND FLOOR WAREHOUSE 11.6 M x 4.4M OFFICE 4.8 M x 9.6 M OFFICE 4.8 M x 8.5 M UP UP DN DN COMMUNAL LOADING BINS RAINWATER TANK VISITOR PARKING RAINWATER TANK NORRIS STREET SHARED ZONE DISABLED PARKING RAMP 1 7 8 9 10 11 12 13 14 23456 26 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 27
02.SITE PLAN COMMUNAL LOADING BINS RAINWATER TANK VISITOR PARKING RAINWATER TANK NORRIS STREET SHARED ZONE DISABLED PARKING RAMP 1 7 8 9 10 11 12 13 14 23456 FLOOR PLAN GROUND FLOOR 53.5 sqm FIRST FLOOR 46 sqm SECOND FLOOR 41 sqm TOTAL 140.5 sqm STUDIO 02 28 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 29
02.SITE PLAN BATH GROUND FLOOR FIRST FLOOR SECOND FLOOR UP TERRACE PLANTER BOX KITCHENETTE OFFICE 4.8 M x 9.7 M UP DN OFFICE 4.8 M x 8.5 M DN WAREHOUSE 4.8 M x 11.6 M COMMUNAL LOADING BINS RAINWATER TANK VISITOR PARKING RAINWATER TANK NORRIS STREET SHARED ZONE DISABLED PARKING RAMP 1 7 8 9 10 11 12 13 14 23456 FLOOR PLAN GROUND FLOOR 56 sqm FIRST FLOOR 46 sqm SECOND FLOOR 41 sqm TOTAL 143 sqm STUDIO 03 30 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 31
02. SITE PLAN GROUND FLOOR FIRST FLOOR SECOND FLOOR TERRACE PLANTER BOX KITCHENETTE OFFICE 4.8 M x 9.7 M UP DN OFFICE 4.8 M x 8.5 M DN BATH UP WAREHOUSE 4.8 M x 11.6 M COMMUNAL LOADING BINS RAINWATER TANK VISITOR PARKING RAINWATER TANK NORRIS STREET SHARED ZONE DISABLED PARKING RAMP 1 7 8 9 10 11 12 13 14 2 3 4 5 6 FLOOR PLAN GROUND FLOOR 56 sqm FIRST FLOOR 46 sqm SECOND FLOOR 41 sqm TOTAL 143 sqm STUDIO 04 32 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 33
FLOOR PLAN GROUND FLOOR 56 sqm FIRST FLOOR 46 sqm SECOND FLOOR 41 sqm TOTAL 143 sqm 02.SITE PLAN BATH GROUND FLOOR FIRST FLOOR SECOND FLOOR UP TERRACE PLANTER BOX KITCHENETTE OFFICE 4.8 M x 9.7 M UP DN OFFICE 4.8 M x 8.5 M DN WAREHOUSE 4.8 M x 11.6 M COMMUNAL LOADING BINS RAINWATER TANK VISITOR PARKING RAINWATER TANK NORRIS STREET SHARED ZONE DISABLED PARKING RAMP 1 7 8 9 10 11 12 13 14 23456 STUDIO 05 34 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 35
02.SITE PLAN FLOOR PLAN GROUND FLOOR 58 sqm FIRST FLOOR 46 sqm SECOND FLOOR 41 sqm TOTAL 146 sqm BATH GROUND FLOOR FIRST FLOOR SECOND FLOOR UP TERRACE PLANTER BOX KITCHENETTE OFFICE 4.8 M x 9.6 M UP DN OFFICE 4.8 M x 8.5 M DN WAREHOUSE 5.0 M x 11.6 M COMMUNAL LOADING BINS RAINWATER TANK VISITOR PARKING RAINWATER TANK NORRIS STREET SHARED ZONE DISABLED PARKING RAMP 1 7 8 9 10 11 12 13 14 23456 STUDIO 06 36 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 37
02. SITE PLAN BATH KITCHENETTE FIRST FLOOR SECOND FLOOR 4.8 M x 11.5 M OFFICE WAREHOUSE GROUND FLOOR 4.8 M x 11.5 M OFFICE 4.8 M x 11.5 M UP UP DN DN COMMUNAL LOADING BINS RAINWATER TANK VISITOR PARKING RAINWATER TANK NORRIS STREET SHARED ZONE DISABLED PARKING RAMP 1 7 8 9 10 11 12 13 14 2 3 4 5 6 FLOOR PLAN GROUND FLOOR 55 sqm FIRST FLOOR 55 sqm SECOND FLOOR 55 sqm TOTAL 165 sqm STUDIO 07 38 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 39
02. SITE PLAN WAREHOUSE GROUND FLOOR FIRST FLOOR SECOND FLOOR KITCHENETTE OFFICE 4.8 M x 11.5 M UP DN OFFICE 4.8 M x 11.5 M DN BATH UP 4.8 M x 11.5 M COMMUNAL LOADING BINS RAINWATER TANK VISITOR PARKING RAINWATER TANK NORRIS STREET SHARED ZONE DISABLED PARKING RAMP 1 7 8 9 10 11 12 13 14 2 3 4 5 6 FLOOR PLAN GROUND FLOOR 55 sqm FIRST FLOOR 55 sqm SECOND FLOOR 55 sqm TOTAL 165 sqm STUDIO 08 40 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 41
02.SITE PLAN WAREHOUSE GROUND FLOOR FIRST FLOOR SECOND FLOOR KITCHENETTE OFFICE 4.8 M x 11.5 M UP UP DN OFFICE 48 M x 11.5 M DN BATH 4.8 M x 11.5 M COMMUNAL LOADING BINS RAINWATER TANK VISITOR PARKING RAINWATER TANK NORRIS STREET SHARED ZONE DISABLED PARKING RAMP 1 7 8 9 10 11 12 13 14 23456 FLOOR PLAN GROUND FLOOR 55 sqm FIRST FLOOR 55 sqm SECOND FLOOR 55 sqm TOTAL 165 sqm STUDIO 09 42 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 43
02.SITE PLAN FLOOR PLAN GROUND FLOOR 55 sqm FIRST FLOOR 55 sqm SECOND FLOOR 55 sqm TOTAL 165 sqm GROUND FLOOR FIRST FLOOR SECOND FLOOR KITCHENETTE OFFICE 4.8 M x 11.5 M UP DN OFFICE 4.8 M x 11.5 M DN BATH UP WAREHOUSE 4.8 M x 11.5 M COMMUNAL LOADING BINS RAINWATER TANK VISITOR PARKING RAINWATER TANK NORRIS STREET SHARED ZONE DISABLED PARKING RAMP 1 7 8 9 10 11 12 13 14 23456 STUDIO 10 44 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 45
02.SITE PLAN FLOOR PLAN GROUND FLOOR 55 sqm FIRST FLOOR 55 sqm SECOND FLOOR 55 sqm TOTAL 165 sqm GROUND FLOOR WAREHOUSE FIRST FLOOR SECOND FLOOR KITCHENETTE OFFICE 4.8 M x 11.5 M UP UP DN OFFICE 4.8 M x 11.5 M DN BATH 4.8 M x 11.5 M STUDIO 11 46 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 47
02. SITE PLAN FLOOR PLAN GROUND FLOOR 55 sqm FIRST FLOOR 55 sqm SECOND FLOOR 55 sqm TOTAL 165 sqm GROUND FLOOR FIRST FLOOR SECOND FLOOR KITCHENETTE OFFICE 4.8 M x 11.5 M UP DN OFFICE 4.8 M x 11.5 M DN BATH UP WAREHOUSE 4.8 M x 11.5 M COMMUNAL LOADING BINS RAINWATER TANK VISITOR PARKING RAINWATER TANK NORRIS STREET SHARED ZONE DISABLED PARKING RAMP 1 7 8 9 10 11 12 13 14 2 3 4 5 6 STUDIO 12 48 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 49
02. SITE PLAN FLOOR PLAN GROUND FLOOR 55 sqm FIRST FLOOR 55 sqm SECOND FLOOR 55 sqm TOTAL 165 sqm GROUND FLOOR FIRST FLOOR SECOND FLOOR KITCHENETTE OFFICE 4.8 M x 11.5 M UP UP DN OFFICE 4.8 M x 11.5 M DN BATH WAREHOUSE 4.8 M x 11.5 M COMMUNAL LOADING BINS RAINWATER TANK VISITOR PARKING RAINWATER TANK NORRIS STREET SHARED ZONE DISABLED PARKING RAMP 1 7 8 9 10 11 12 13 14 2 3 4 5 6 STUDIO 13 50 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 51
02.SITE PLAN KITCHENETTE OFFICE 4.8 M x 11.5 M UP UP DN OFFICE 4.8 M x 11.5 M DN BATH WAREHOUSE 4.8 M x 11.5 M
FLOOR FIRST FLOOR SECOND FLOOR COMMUNAL LOADING BINS RAINWATER TANK VISITOR PARKING RAINWATER TANK NORRIS STREET SHARED ZONE DISABLED PARKING RAMP 1 7 8 9 10 11 12 13 14 23456 FLOOR PLAN GROUND FLOOR 55 sqm FIRST FLOOR 55 sqm SECOND FLOOR 55 sqm TOTAL 165 sqm UNIT 14 52 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 53
GROUND
54 2 NORRIS STREET, COBURG NORTH 03 THE PRICING 01.PRICE LIST 02.ESTIMATED OUTGOINGS
PRICE LIST
ESTIMATED OUTGOINGS
01.PRICE LIST 02.ESTIMATED OUTGOINGS
STUDIO BUILDING LAND RENT PRICE SALE PRICE SOLD 138m2 - N/A140.5m2 - N/A SOLD 143m2 - N/A143m2 - N/A SOLD 143m2 - N/ASOLD 146m2 - N/ASOLD 165m2 - N/A8 165m2 - N/A $792,000 9 165m2 - N/A 10 165m2 - N/A 11 165m2 - N/A 165m2 - N/A 13 165m2 - N/A SOLD 165m2 - N/A -
STUDIOBUILDING TYPEBUILDING AREA MCOUNCIL RATESWATER RATESLAND TAXLOT E&LOWNERS CORP TOTAL 1 Studio119$1,458.17$727.01 $ - 20$2,000.00$4,185.18 2 Studio126$1,510.18$731.57 $ - 20$2,000.00$4,241.75 3 Studio129$1,538.73$734.07 $ - 20$2,000.00$4,272.80 4 Studio129$1,538.73$734.07 $ - 20$2,000.00$4,272.80 5 Studio129$1,538.73$734.07 $ - 20$2,000.00$4,272.80 6 Studio125$1,500.67$730.74 $ - 20$2,000.00$4,231.41 7 Studio147$1,728.65$750.71 $ - 20$2,000.00$4,479.36 8 Studio152$1,719.00$749.87 $ - 20$2,000.00$4,468.87 9 Studio152$1,719.00$749.87 $ - 20$2,000.00$4,468.87 10Studio152$1,719.00$749.87 $ - 20$2,000.00$4,468.87 11Studio152$1,719.00$749.87 $ - 20$2,000.00$4,468.87 12Studio152$1,719.00$749.87 $ - 20$2,000.00$4,468.87 13Studio152$1,719.00$749.87 $ - 20$2,000.00$4,468.87 14Studio147$1,672.70$745.81 $ - 20$2,000.00$4,418.51 2 **All prices are exclusive of GST. 56 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 57 SOLD - SOLD$792,000 $792,000 $792,000 $792,000SOLD
58 2 NORRIS STREET, COBURG NORTH 04 THE FINANCIALS 01.OWNERS CORPORATION BUDGET 02.DEP RECIATION SCHEDULE 03.INVESTMENT ANALYSIS
OWNERS CORPORATION BUDGET
01.OWNERS CORPORATION BUDGET
REVENUE Owners Corporation Fees $28,000 Total Revenue $28,000 EXPENSES Accounting $500 Backflow Valve Testing - Annual $200 Disbursements $300 Electricity $1,000 Essential Services Maintenance $1,100 Gardening $6,000 General Repairs $2,000 Insurance $11,400 Owners Corporation Management Fees $5,000 Water Usage $500 Total Expenses $28,000 Total Surplus/Deficit $0.00 **all amounts are excluding GST LOT SQM % ANNUAL 1 125 6.34% $1,774.85 2 129 6.54% $1,831.64 3 129 6.54% $1,831.64 4 129 6.54% $1,831.64 5 129 6.54% $1,831.64 6 125 6.34% $1774.85 7 147 7.45% $2,087.22 8 152 7.71% $2,158.22 9 152 7.71% $2,158.22 10 152 7.71% $2,158.22 11 152 7.71% $2,158.22 12 152 7.71% $2,158.22 13 152 7.71% $2,158.22 14 147 7.45% $2087.22 TOTAL 1972 100.00% $28,000.00 60 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 61
DEPRECIATION SCHEDULE
ANALYSIS
02.DEPRECIATION SCHEDULE
Low Value Pool Option - Based on Diminishing Value Method YEAR 12345678910 RESIDUAL 40 YEARS TOTAL UNIT $8,000$7,000$6,500$6,000$5,500$5,000$5,000$5,000$5,000$5,000$110,000 - $150,000$170,000 - $210,000 UNIT 2 $8,000$7,000$6,500$6,000$5,500$5,000$5,000$5,000$5,000$5,000$110,000 - $150,000$170,000 - $210,000 UNIT 3 $8,000$7,000$6,500$6,000$5,500$5,000$5,000$5,000$5,000$5,000$110,000 - $150,000$170,000 - $210,000 UNIT 4 $8,000$7,000$6,500$6,000$5,500$5,000$5,000$5,000$5,000$5,000$110,000 - $150,000$170,000 - $210,000 UNIT 5 $8,000$7,000$6,500$6,000$5,500$5,000$5,000$5,000$5,000$5,000$110,000 - $150,000$170,000 - $210,000 UNIT 6 $8,000$7,000$6,500$6,000$5,500$5,000$5,000$5,000$5,000$5,000$110,000 - $150,000$170,000 - $210,000 UNIT 7 $9,000$8,000$7,500$7,000$6,000$6,000$6,000$6,000$5,500$5,500$110,000 - $150,000$170,000 - $210,000 UNIT 8 $9,000$8,000$7,500$7,000$6,000$6,000$6,000$6,000$5,500$5,500$125,000 - $165,000$195,000 - $230,000 UNIT 9 $9,000$8,000$7,500$7,000$6,000$6,000$6,000$6,000$5,500$5,500$125,000 - $165,000$195,000 - $230,000 UNIT 10 $9,000$8,000$7,500$7,000$6,000$6,000$6,000$6,000$5,500$5,500$125,000 - $165,000$195,000 - $230,000 UNIT 11 $9,000$8,000$7,500$7,000$6,000$6,000$6,000$6,000$5,500$5,500$125,000 - $165,000$195,000 - $230,000 UNIT 12 $9,000$8,000$7,500$7,000$6,000$6,000$6,000$6,000$5,500$5,500$125,000 - $165,000$195,000 - $230,000 UNIT 13 $9,000$8,000$7,500$7,000$6,000$6,000$6,000$6,000$5,500$5,500$125,000 - $165,000$195,000 - $230,000 UNIT 14 $9,000$8,000$7,500$7,000$6,000$6,000$6,000$6,000$5,500$5,500$125,000 - $165,000$195,000 - $230,000 03.INVESTMENT ANALYSIS
ASSUMPTIONS Purchase Price $536,250 Equity 25% $134,063 Property Yield 5.65% Interest Rate 3.50% Annual Growth Rate 3% Tax Rate 30% 62 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 63
INVESTMENT
NOTE: The above information is a guide only. Purchasers are requested to seek independent advice from a qualified accountant. There are no allowances for acquisition costs.
03.INVESTMENT ANALYSIS 03.INVESTMENT ANALYSIS YEAR 2 3 4 5 6 7 8 9 10 ANNUAL RENT $30,300 $31,209 $32,145 $33,110 $34,103 $35,126 $36,180 $37,265 $38,383 $39,535 ANNUAL INTEREST $14,077 $13,595 $13,090 $12,555 $11,988 $11,389 $10,749 $10,074 $9,355 $8,592 UNRECOVERABLE OUT’S $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NETINCOME BEFORE TAX $16,223 $17,614 $19,055 $20,555 $22,115 $23,737 $25,430 $27,191 $29,028 $30,943 DEPRECIATION CLAIMED $8,000 $7,000 $6,500 $6,000 $5,500 $5,500 $5,000 $5,000 $5,000 $5,000 TAXABLE INCOME $8,223 $10,614 $12,555 $14,555 $16,615 $18,237 $20,430 $22,191 $24,028 $25,943 TAX PAYABLE $2,467 $3,184 $3,767 $4,366 $4,984 $5,471 $6,129 $6,657 $7,208 $7,783 NET INCOME AFTER TAX $13,756 $14,430 $15,289 $16,188 $17,130 $18,266 $19,301 $20,534 $21,820 $23,160 BORROWINGS $402,188 $388,431 $374,001 $358,713 $342,524 $325,394 $307,128 $287,827 $267,293 $245,474 CAPTIAL REDUCTION $13,756 $14,430 $15,289 $16,188 $17,130 $18,266 $19,301 $20,534 $21,820 $23,160 RESIDUAL $388,431 $374,001 $358,713 $342,524 $325,394 $307,128 $287,827 $267,293 $245,474 $222,313 DEPRECIATION REMAINING $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 ANNUAL DEPRECIATION ALLOWANCE $8,000 $7,000 $6,500 $6,000 $5,500 $5,500 $5,000 $5,000 $5,000 $5,000 DEPRECIATION CLAIMED $8,000 $7,000 $6,500 $6,000 $5,500 $5,500 $5,000 $5,000 $5,000 $5,000 DEPRECIATION REMAINING 11 YEARS+ $0 CAPITAL GAINS PER ANNUM $16,088 $16,570 $17,067 $17,579 $18,107 $18,650 $19,209 $19,786 $20,379 $20,991 NET CASH RETURN ON EQUITY ($) $13,756 $14,430 $15,289 $16,188 $17,130 $18,266 $19,301 $20,534 $21,820 $23,160 NET CASH RETURN ON EQUITY (%) 10.26%10.76%11.40%12.08%12.78%13.63%14.40%15.32%16.28%17.28% TOTAL RETURN ON EQUITY INCL CAPITAL GAIN ($) $29,844 $31,000 $32,356 $33,768 $35,237 $36,916 $38,511 $40,319 $42,199 $44,151 TOTAL RETURN ON EQUITY INCL CAPITAL GAIN (%) 22.26%23.12%24.13%25.19%26.28%27.54%28.73%30.08%31.48%32.93% SALE PRICE YEAR 10 BASED ON SELLING YIELD OF 5.65% $699,685 LESS EQUITY $134,063 LESS RESIDUAL $222,313 YOUR CAPITAL GROWTH $343,309 RETURN ON EQUITY 256.08% YOUR INVESTMENT PERFORMANCE AT YEAR 10
64 WWW.CVA.MELBOURNE 2 NORRIS STREET, COBURG NORTH 65
66 2 NORRIS STREET, COBURG NORTH MARKETING AGENTS JOHN NOCKLES 0404 530 393 BEN QUENNELL 0499 903 905
