17/05/21 Shell Cove Sales Office Attention: Bernie Humphreys Dear Bernie RE:
Rental Appraisal Ancora Apartments - Shell Cove
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 Shell Cove/Wollongong area in the last 6 months, if the apartments were available for rental today, I anticipate that gross weekly rental rates would be as follows: 1 Bedroom 2 Bedroom 3 Bedroom
$400 to $490 $600 to $690 $750 to $900
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. Should you have any queries, please do not hesitate to contact me via email on tammy.smith@frasersproperty.com.au or 0417 687 895. Yours sincerely
Tammy Smith
Residential Property Management