14 June 2023
To whom it may concern
RE:
PROPERTY: Rental Appraisal Encompass - Carlton
I am pleased to provide you with a with a rental appraisal for the above-mentioned property. After taking into account current market rental conditions and comparable brand new properties leased in the Carlton area, if these apartments were available for rental today, I anticipate the gross weekly rental rates would be as follows:
•1 bed + 1 bath + 1 car space
•2 beds + 1 bath + 1 car space
•2 beds + 2 baths + 1 car space
•3 beds + 2 baths + 1 car space
-$ 400 per week to$ 430 per week
-$ 520 per week to$ 560 per week
-$ 570 per week to$ 600 per week
-$ 725 per week to$ 795 per week
This figure is a gross rental amount and does 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 theo.mouratidis@frasersproperty.com.au or 0413 865 888.
Theo Mouratidis State Property Manager Frasers Property Australia