7th February 2022 TO WHOM IT MAY CONCERN
Dear Sir/Madam RE:
Rental Appraisal Midtown at Macquarie Park
I am pleased to provide you with a with a rental appraisal for the above development. After taking into account current market conditions and comparable brand new properties leased in the Macquarie Park area in the last 6 months, if the properties were available for rental today, I anticipate that gross weekly rental rates would be as follows: Apartments Studio Apartment No Parking 1 Bedroom No Parking 1 Bedroom plus Study No Parking 1 Bedroom plus Parking 1 Bedroom plus Study and Parking 2 Bedroom 1 Bathroom and Parking 2 Bedroom 2 Bathroom and Parking 2 Bedroom 2 Bathroom plus Study and Parking 3 Bedroom 2 Bathroom and 2 Parking Spaces
$420 - $440 per week $470 - $490 per week $480 - $500 per week $500 - $520 per week $520 - $550 per week $640 - $670 per week $670 - $700 per week $700 - $730 per week $950 - $1000 per week
Terrace Homes 4 Bedroom 3 Bathroom plus Study
$1300 - $1500 per week
These figures are gross rental amounts and do not factor in holding costs, including council rates, water rates, strata levies and any property management fees payable on the property. I may need to re assess the rental estimate upon completion of the development which will enable me to consider factors such as market conditions, aspect, views and vacancy rates. This appraisal is provided for information purposes only and therefore should not be taken as a sworn valuation to be relied upon for investment purposes or by a third party.