11 York Street - Rental Appraisal

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Proposal to provide management & marketing services for

An Introduction

We are specialists in Property Management for the Auckland region. We have a proven reputation for providing a high standard of reliable, consistent and efficient care for your property investment(s). Our goal is to partner with you to protect and grow your return.

We provide a nationally award-winning service, and take a personal approach to our clients – led by our hands-on Senior Leadership team and our experienced Property Managers.

Our Agency was founded in Mount Albert in 1991. Located prominently on the corner of Mount Albert and New North Roads in the Mount Albert Town Centre. This office is complemented by our head office now based in Parnell. We offer a 24-hour service line to our tenants, as well as managing payments and providing monthly reporting and comprehensive inspection services.

Goodwins are a voluntary member of New Zealand's Real Estate Institute.

Key Personnel

Founded by Ashley Goodwin, we have specialised in Auckland property management for over 30 years.

Catherine and Brendan Goodwin are the fourth generation of their family to become actively involved in Auckland’s Real Estate market. They are both immensely proud to uphold the Goodwin family’s commitment to the industry. Aleina joined the business in 2017, bringing a wealth of international property expertise, and Vicki is a long-standing member of staff who has unparalleled experience in property management.

When you choose Goodwins, you are choosing a dedicated team who take pride in their work and are personally invested in the success of your property’s management.

With over 50 years in the industry, Ashley definitely has real estate in his blood. He has proven credentials in the Auckland property world, with his vast experience in real estate sales, rentals and management. Under Ashley’s influential leadership, Goodwins had built a high-profile sales presence in the Mt Albert, Mt Eden, Pt Chevalier, Avondale and Sandringham markets. Ashley’s astute understanding of property dynamics and his experience through numerous different real estate cycles makes his knowledge invaluable.

After leaving her career as a London-based solicitor, Catherine ignited her passion for Real Estate in 2005, returning home to join the Goodwin’s family-owned and independently operated Real Estate Agency. Catherine started from the ground up, first accepting a role as a Property Manager. Learning the ropes and displaying her clear talent for leadership and advocacy, Catherine was promoted into an Operations Management role, then appointed as General Manager before becoming Managing Director in November 2018. Catherine has overseen the company’s re-brand and, the launch of Goodwins into previously untapped sectors of Auckland’s Rental market.

Vicki Carrington

HEAD OF RESIDENTIAL PROPERTY MANAGEMENT

Vicki joined Goodwins in May 2010, following 12 years in senior management roles for Vodafone. During this time she worked in all facets of business development in business and corporate sales, as a consultant, and overseeing a team of sales reps. Vicki also spent time as Operations Manager and Group Retail Manager overseeing four retail sites and the day-to-day running of stores. This has given her substantial experience and knowledge and provided her with the expertise and skills necessary to understand people and any issues that arise from working in the property industry. Vicki is a very highly regarded, hands-on actively supporting Goodwins’ ‘front-line’ Team.

Brendan Goodwin BA.

LLB

CHIEF GROWTH OFFICER & LEAD SALESPERSON

Brendan joined the Goodwins family business in 2017 to work alongside his father Ashley as Director and sister Catherine as Managing Director. With years of experience in commercial property law in NZ, Australia, and the UK, followed by a commercial real estate sales and leasing career in Australia, Brendan’s skills have complemented and bolstered Goodwins’ leadership team. Since joining the family business, he has built a reputation as the top Business Development Manager agent in Auckland, winning the REINZ Business Development Manager of the Year, nationally, in 2019 & 2020. Brendan’s passion for building enduring relationships and broad networks has paid dividends for his clients.

Lucy Byrne

BUSINESS DEVELOPMENT MANAGER

Since joining Goodwins in 2020 as Assistant to the Business Development team, Lucy has risen swiftly through the ranks—earning her place as one of our top-performing Business Development Managers. Her success is grounded in over a decade of customer service experience, sharpened by her quick wit, dedication to learning, and a tireless work ethic. Lucy is known for her warm, solution-focused approach and ability to build lasting relationships. Whether working with new or long-standing landlords, or liaising with tenants, she delivers service marked by clear communication, careful attention to detail, and unwavering professionalism.

Aleina Goodwin

CHIEF OPERATING OFFICER & HR MANAGER

A seasoned property professional with 19 years of experience in the industry. Starting her career at the young age of 20 with a Venue Management company in Melbourne, Aleina quickly progressed through various roles, from an administrator to account management and eventually commercial property management. After eight years of dedicated service, she earned herself a managerial position within the company. Aleina’s thirst for knowledge and experience led her to join her family’s real estate business in Melbourne’s CBD. She honed her skills in Residential Sales, Property Management, Commercial Property Management, Marketing, Trust accounting, and all aspects of the business.

Goodwins’ Core Values set an ethical benchmark for the team, and ensures our growing team works in harmony, sharing information, supporting one another and collectively delivering the best service possible to homeowners, and tenants.

As market-leaders in the property industry, Goodwins ensure our landlordclients a competitive advantage and the full support of a specialised team focused on achieving each client’s vision for success.

22 July 2025

Colliers International c/- Duncan Macdonald 'York House' 11 York Street, Parnell

To whom it may concern,

Thank you for engaging Goodwins to provide our rental assessment over the above-named development. At future convenience, we would certainly also value the opportunity to present our full management service to any successful purchasers; if they are seeking to tenant the property for any period.

We summarise ‘York House’ as follows:

Located on the city fringe, sitting side-by-side with contemporary workspaces and cutting-edge businesses, at 11 York Street - York House contains 44 units: 33 standard apartments (1, 2 & 3-bedroom) across Ground to Level 3, plus 8 luxury penthouses on the top two levels.

Current Relevant Listed Properties for Rent

There are currently 24, 1-bedroom properties advertised for rent in Parnell on www.trademe.co.nz asking a weekly rent ranging from $350.00 to $740.00 per week, all of those listed have 1-bathroom. **

There are currently 21, 2-bedroom properties advertised for rent in Parnell on www.trademe.co.nz asking a weekly rent ranging from $600.00 to $950.00 per week, 7 of those listed have 2-bathroom asking a weekly rent ranging from $770.00 to $950.00 per week. **

There are currently 13, 3-bedroom properties advertised for rent in Parnell on www.trademe.co.nz asking a weekly rent ranging from $715.00 to $2,200.00 per week, 10 of those listed have 2-bathroom asking a weekly rent ranging from $715.00 to $2,200.00 per week. **

There are currently 12, 1-bedroom properties advertised for rent in Parnell on www.realestate.co.nz asking a weekly rent ranging from $410.00 to $675.00 per week, all of those listed have 1-bathroom. **

There are currently 17, 2-bedroom properties advertised for rent in Parnell on www.realestate.co.nz asking a weekly rent ranging from $600.00 to $950.00 per week, 4 of those listed have 2-bathroom asking a weekly rent ranging from $775.00 to $950.00 per week. **

There are currently 11, 3-bedroom properties advertised for rent in Parnell on www.realestate.co.nz asking a weekly rent ranging from $715.00 to $3,800.00 per week, 8 of those listed have 2-bathroom asking a weekly rent ranging from $715.00 to $2,200.00 per week. **

Zoned Schools for this Property*

PRIMARY SCHOOL Freemans Bay School

INTERMEDIATE / COLLEGE Auckland Girls' Grammar School 1.7 km

Review of Proposed Rents

The writer’s review of the previous 6-month’s lodged bonds, comparable listings currently for rent, aside an internal review of properties currently managed by Goodwins’ in close-residing neighbourhoods, supports that your proposed rents are assessed within range of achievable.

Market

rent in Mount Parnell (Auckland) ***

Please refer below tables for average rental values across the Area:

01 December 2024 – 31 May 2025: Apartment

• High-spec kitchens with Miele/Gaggenau/F&P appliances and concealed scullery in select units

• Luxury bathrooms with ceramic tiles, stone features, underfloor heating (penthouses)

• Generous balconies and terraces with built-in planters and framed greenery

• Spacious penthouses with expansive terraces and panoramic harbour and city views

• Two levels secure basement parking; 1–4 parks per residence depending on size

• Additional resident amenity: shared wine-cellar lounge

• Excellent walk-able Parnell location—heritage ambiance, café culture, green space access

Property Specifications

Please note this appraisal is written sight unseen from apartment typologies & layouts provided along with reference to the website https://yorkhouse.co.nz/

• High-end architectural and interior design by Monk Mackenzie and Amelia Holmes

• 1-3 bedroom apartments plus eight premium penthouses; flexible study/media spaces

• Premium finishes: oak floors, engineered materials, stone benchtops, bespoke cabinetry

Rental Estimate Tables

For your convenience and ease of reference, we have provided a detailed breakdown of our rental assessment in table format on the following page.

Yours sincerely,

Goodwin Realty Limited

Licenced (REAA 2008) MREINZ

Lucy Byrne

BUSINESS DEVELOPMENT MANAGER

M: 021 278 8197

lucy@goodwins.co.nz

Brendan Goodwin BA. LLB

CHIEF GROWTH OFFICER

M: 021 278 7770

DDI: 09 829 0152

brendan@goodwins.co.nz

Source: * Property Guru, ** the Ministry of Business, Innovation and Employment *** www.trademe. co.nz and www.realestate.co.nz,

Bonds 01 December 2024 – 31 May 2025 most current data available.

Average rent – The most typical weekly rent, calculated by adding up the weekly rents for all bonds and dividing this by the total number of bonds lodged.

Standard deviation – The distribution of rents around the average. If the standard deviation is small, most of the sample is close to the average. If it is large, the distribution is more spread out. Approximately 68% of all the weekly rents will fall within one standard deviation on either side of the average. For example, if the average rent is $100 and the standard deviation is equal to 20, then approximately 68% of weekly rents will be between $80 (the average minus one standard deviation) and $120 (the average plus one standard deviation).

Lower quartile – The weekly rent at 25% of all market rents when all are placed in order of value.

Median rent – The middle value when all the weekly rents are placed in order of value. The median is a better indicator of rents in the middle of the range than the average or mean rent figure, as the average can be influenced by one or two rentals that are extremely high or low.

Upper quartile – The weekly rent at 75% of all market rents when all are placed in order of value.

**** This rental assessment does not purport to be a registered valuation and, it should be noted that rental values may change as market conditions fluctuate.

Management Services

1.QUALIFYING TENANTS

We complete extensive national and international credit checks. Current and prior landlord references are vetted and recorded, and/or we review evidence of home ownership if prospect tenant is not currently a tenant. Employment references are vetted by speaking with appropriate line-manager/HR department.

We will make a recommendation as to whether we believe the prospective tenant is able to meet all the obligations under its tenancy agreement or, provide commentary on which prospective tenant we think is most desirable where there are several suitable candidates. Of course, and without exception we will engage with you throughout the tenant qualification phase and seek your instructions.

2.FINANCIAL MANAGEMENT

Using the latest software programs, we are equipped to ensure your financial requirements are handled efficiently and precisely. Goodwins assures this service by implementing the following accounting practices:

—We will monitor your tenant’s rental payment and apply a zero tolerance to rental arrears.

—Rental income will be electronically remitted to your nominated account. Subsequently, we will supply a financial report detailing the income and expenditure activity for the previous month.

—A comprehensive end of financial year statement summarising all rental income and applicable deductions will be issued.

3.MANAGEMENT SERVICES

In order to ensure your home is well maintained, Goodwins offers a service which thoroughly covers all bases. These include:

—Conducting a comprehensive ingoing inspection report, which will include an inventory compiled and agreed upon with your specific detail.

—A routine inspection will be conducted one month from the commencement of your tenant’s tenancy agreement, this is to ensure your property is being well kept. Thereafter routine inspections will be completed every 3 months. For each inpsection a report will be compiled and submitted to you for your records. If any maintenance issue or problems are detected, we will see that the necessary course of action is taken with your approval.

—If your tenant requests housekeeping with linen change and or clean, we will liaise with our contractors to organise the service, attend the site if required to allow access and invoice the tenant directly for the service.

—Once your tenant's lease has come to an end, we will conduct an outgoing inspection report. We will use the ingoing and routine inspection and inventory reports as comparatives to ensure the property has been left the same as when the tenancy commenced. If we find any damage and/or omitted furnishings we will instigate the required proceedings.

4.COMPLIANCE AND ACCOUNTABILITY

Licensed pursuant to the Real Estate Agents Act 2008, and voluntary members of the Real Estate Institute of New Zealand. All funds received are deposited to a Professional Trust Account.

Management Services

5. MAINTENANCE & SUBCONTRACTORS

Such is the importance of quality control and supervision of maintenance, Goodwins is dedicated to obtain competitive quotations and ensure work is carried out in a professional manner.

Goodwins utilise the services of regular, experienced and qualified subcontractors who are on call to us 24 hours a day. A number of subcontractors have been associated with our company for in excess of 10 years, which means you also benefit from prompt, expert service and competitive prices.

All have had their credentials and qualifications checked, are GST registered, have an appropriate level of public liability insurance, and required health and safety certificates. We confirm it is not uncommon, and we will be happy to engage preferred trade personnel to undertake repairs and maintenance services (as appropriate).

Note: Our standard form of Management Agreement allows provision that the client nominate a dollar value above which, no works are undertaken prior to notification and approval.

6. FACILITIES MANAGEMENT

In order to ensure your properties’ facilities are well maintained Goodwins offers a service that thoroughly covers all basis.

If the property is subject to Body Corporate rules, we will monitor the performance of the Tenant in regard to the Tenant’s compliance with the Body Corporate rules and notify the Owner and/or the Body Corporate immediately should the tenant be in breach.

7. SYSTEM REPORTS

We have installed some of the most comprehensive property management systems and software available in New Zealand. All of our employees have a desktop network monitor & iPhone at their disposal and major features of our systems are:

Information is easily accessible at all times. At the touch of a key we can provide you with the following information relating to your property:

- Funds held on your behalf.

- Which Tenants have paid rental amounts and outgoings.

- A detailed analysis of a Tenant’s current account.

- History of payments by Tenants.

Tenant data (i.e. relative dates, review method and outgoings scenario).

The system readily identifies arrears and vacancies as required.

Your monthly statement can be produced in either detailed or summarised form.

Our rental and expenditure statements will assist in the preparation of end of month and year financial documents.

Statements can be forwarded to you or your Financial Adviser.

Company Profile

Goodwin Realty Limited, trading as Goodwins, is a licenced real estate agency (Licensee Number: 10022163). Incorporated in 1991 from the Mt. Albert Real Estate office of its Director, Ashley M. Goodwin, Goodwins remains a privately owned and operated family business.

COMPANY NUMBER 354402

COMPANY STATUS — REGISTERED

ENTITY TYPE — NZ LIMITED COMPANY

REGISTERED OFFICE —

112 PARNELL RD, PARNELL, AUCKLAND 1052

DIRECTORS —

ASHLEY MICHAEL GOODWIN

CATHERINE JUDITH ANNE GOODWIN

Goodwins is recognised as a market leader in the service of leasing and managing investment property across the length and breadth of Auckland. On behalf of its’ valued clients, Goodwins manages a portfolio of value well in excess of $1,250,000,000.

We are pleased to share with prospective clients that we recently achieved a category win at the REINZ National Awards for 2023 and 2021, and, 3 category wins at the REINZ National Awards for 2020. This is in follow-up to consecutive 2018 and 2019 category-wins by Brendan Goodwin (RPM Business Development). Brendan achieved to also win LPMA Business Development Manager 2019, and Goodwins Team was a Finalist to LPMA Agency of the Year, 2019. A finalist nomination for Property Manager of the Year in 2018; National finalist trophy at the LPMA Awards of Excellence 2018; Both a category-win and, 3 finalist nominations at REINZ Awards 2017; national-finalist trophy at the Leading Property Managers of NZ 2016’s Awards of Excellence; a national title in 2015; and both “Agency of The Year 2014”, and “Excellence in Business Development Award 2014”.

This is aside consecutive national awards across the NZ Real Estate Institute "Agency of the Year Awards of Excellence" 2009-2014. These National Awards are hard-fought, and to win is testament to a Team committed to Delivering Excellence. Please be assured that we share this news not to 'boast', but to give clients comfort in their decision-making! Auckland is currently awash with unlicensed operators.

Despite the de-regulation of New Zealand's property management industry in 2008, we remain a Licenced Agency operating a non-interest bearing trust account which is regularly audited. Owner or Tenant, our client's money is safe. All funds are transferred electronically, and clients similarly receive our quarterly property inspections, digitally. Of particular value to our clients that travel often, or, are based permanently abroad is our secure client log-in that allows you to review archived financial statements and inspections online, at your convenience.

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