Stratus - Lygon Street, East Brunswick Development

360 LY GON S TREE T BRUNS W ICK E A S T

CONTENTS — WELCOME TO STRATUS Page02 EXPLORE THE LIFE AND OPPORTUNITY

THAT SURROUNDS STRATUS — LOCATION Page15 DISCOVER THE APPEALING DIVERSITY OF LYGON STREET AND BRUNSWICK EAST — ARCHITECTURE AND DESIGN Page16 ARTIST IMPRESSIONS — PROJECT TEAM Page31 CREDENTIALS AND PORTFOLIO — PROJECT FACT SHEET Page34 AT A GLANCE SUMMARY OF ALL FEATURES, FITTINGS AND FINISHES AREA ANALYSIS Page35 INVESTMENT ANALYSIS Page36 — FLOOR PLANS Page38 LEVEL PLANS, APARTMENT FLOOR PLANS — APPENDICES Page94 RENTAL APPRAISALS, OWNERS CORPORATION, DEPRECIATION SCHEDULES, STAMP DUTY.

01

GREAT COFFEE HAUNTS — A MINOR PLACE 103 Albion St A HOLE-IN-THE-WALL

CAFE WITH A WELCOMING VIBE SERVING ATOMICA COFFEE — BRUNSWICK EAST PROJECT 438 Lygon St ULTIMATE COFFEE LOVERS HAUNT — L’ATELIER DE MONSIEUR TRUFFLE 351 Lygon St EXQUISITE CHOCOLATE DELIGHTS FOR ALL, HIDING BEHIND A SECRET RED DOOR — POPE JOAN 77 Nicholson St COMFORT AND DESIGN MIX WELL IN THIS COFFEE HAVEN — RAY’S CAFE 332 Victoria St THIS PIONEERING CAFE HAS MANAGED TO KEEP ITS EDGE AND A LOYAL CROWD — SMALL BLOCK 130 Lygon St A SLOW-PACED CAFE WITH GREAT COFFEE ATTRACTING ART TYPES, COURTYARD INCLUDED — WIDE OPEN ROAD 274 Barkly St A SELF DESCRIBED BOUTIQUE MICRO COFFEE ROASTER AND CAFE.

02

03

04

05

FOOD&DRINK — ALBERT ST FOOD AND WINE 382 Sydney Rd ENJOY AND PURCHASE

OUTSTANDING PRODUCE — ATTICUS FINCH 129 Lygon St INDULGE IN THE ECLECTIC ARRAY OF HAND CRAFTED WINE AND BEER — EAST BRUNSWICK CLUB 280 Lygon St ONE OF MELBOURNE’S ICONIC MUSIC VENUES — GELOBAR 74 Lygon St HOME TO MELBOURNE’S BEST GELATO — HELLENIC REPUBLIC 434 Lygon St TRADITIONAL GREEK CUISINE WITH A MODERN TOUCH — KUMO IZAKAYA & SAKE BAR 152 Lygon St CONTEMPORARY JAPANESE FOOD IN A DESIGN-DRIVEN SAKE DEN — MR WILKINSON BAR 295 Lygon St NAMED AFTER THE FOUNDER OF BRUNSWICK; A TRUE LOCAL BAR — THAILA THAI 82 Lygon St MORE THAN A SIMPLE THAI RESTAURANT; TO BE EXPERIENCED — THE ALDERMAN 134 Lygon St A LOCAL HIDEAWAY GUARANTEED TO LIFT EVERYONE’S SPIRITS — THE BRUNSWICK GREEN 313 Sydney St THE PERFECT BEER GARDEN.

06

07

08

09

SECRET GEMS — 20TH CENTURY SCANDINAVIA 79 Lygon St RESISTANCE IS POINTLESS

AT THIS BELOVED VINTAGE TREASURE TROVE — BLACKHEARTS AND SPARROWS WINE PURVEYORS 131 Lygon St A GATEWAY TO THE PLEASURES OF HANDCRAFTED WINE — BRUNSWICK EAST ORGANIC MARKET Cr Roberts and Nicholson St A VIBRANT COMMUNITY MARKET — KUWAII 37 Glenlyon Rd FEMININE CLOTHING WITH EDGE — MONK HOUSE 102 Lygon St INDEPENDENT FASHION AND DESIGN RUN FREE IN THIS SMALL BOUTIQUE — MR KITLY 381 Sydney Rd FOR LOVERS OF ALL THINGS JAPANESE — SMITH AND MALONEY GREENGROCERS 157 Lygon St QUAINT AND CHARMING GREENGROCER BRIMMING WITH SEASONAL ORGANIC PRODUCE — THE RED WHEELBARROW BOOKS 105 Lygon St SPECIALISING IN SECOND HAND AND ANTIQUARIAN RARITIES — THE VERY CURIOUS KITTEN 138 Lygon St UNIQUE PIECES OF HANDMADE WHIMSY FROM FASHION TO ART.

10

11

12

13

TRANSPORT

EDUCATION

GREAT COFFEE

FOOD & DRINK

01 TRAM ROUTE 1 & 8

06 BRUNSWICK EAST PRIMARY SCHOOL

09 A MINOR PLACE 103 ALBION ST

16 ALBERT STREET FOOD AND WINE

21 KUMO IZAKAYA AND SAKE BAR

10 BRUNSWICK EAST PROJECT

17 ATTICUS FINCH

22 MR WILKINSON BAR

18 EAST BRUNSWICK CLUB

23 THAILA THAI

—

20 METRES

02 TRAIN ROUTE

BRUNSWICK VICTORIA GR AND PRENTICE ST BRUNSWICK

03 EASTERN FREEWAY 3.8 KM

04 TULLAMARINE FREEWAY

—

—

195A STEWART ST

07 BRUNSWICK SOUTH PRIMARY SCHOOL

438 LYGON ST

56 BRUNSWICK RD

08 BRUNSWICK SECONDARY COLLEGE 47 DAWSON ST

351 LYGON ST

280 LYGON ST

77 NICHOLSON ST

05 CBD

13 RAY’S CAFE

5.8 KM

382 SYDNEY RD 129 LYGON ST

11 L'ATELIER DE MONSIEUR TRUFFLE 12 POPE JOAN

4.8 KM

—

332 VICTORIA ST

14 SMALL BLOCK

19 GELOBAR

74 LYGON ST

20 HELLENIC REPUBLIC 434 LYGON ST

SECRET GEMS

—

31 MR KITLY

26 20TH CENTURY SCANDINAVIA

152 LYGON ST

381 SYDNEY RD

79 LYGON ST

32 SMITH AND MALONEY GREENGROCERS

27 BLACKHEARTS AND SPARROWS WINE PURVEYORS

295 LYGON ST

157 LYGON ST

33 THE RED WHEELBARROW BOOKS

131 LYGON ST

82 LYGON ST

24 THE ALDERMAN

28 BRUNSWICK EAST ORGANIC MARKET

25 THE BRUNSWICK GREEN HOTEL

29 KUWAII

105 LYGON ST

34 THE VERY CURIOUS KITTEN

CR ROBERTS AND NICHOLSON ST

134 LYGON ST

138 LYGON ST

37 GLENLYON RD

313 SYDNEY RD

30 MONK HOUSE

130 LYGON ST

102 LYGON ST

15 WIDE OPEN ROAD 274 BARKLY ST

09

albion street

10 20

stewart street

06

28

blyth street

11

victoria street

31

brunswick station

22 18

albert street

08

25 29

glenlyon road

lygon street

sydney road

16

dawson street

32 27

02

17 33

jewel station

merri park

fleming park

01

methven park

34

21

nicholson street

13

12

24 14 30 23

15 26

barkly street

19

04

to tullamarine freeway

brunswick road 07

royal park station 14

05

to cbd 15

03

eastern freeway

VIEW FROM LYGON STREET

16

17

VIEW DOWN LYGON STREET

18

19

VIEW FROM VICTORIA STREET

20

21

FOYER

22

23

LIVING AREA

24

25

LIVING AREA

26

27

KITCHEN

28

29

PROJECT TEAM

BATHROOM

BLUE EARTH GROUP BLUE EARTH GROUP IS A PROPERTY DEVELOPMENT GROUP SPECIALISING IN APARTMENT PROJECTS. FOR OVER 20 YEARS, WE HAVE HAD A REMARKABLE JOURNEY, TRAVERSING AN EVER-SOARING ARC FROM THE CONSTRUCTION OF A SINGLE DWELLING IN 1993, TO THE COMPILATION OF TODAY’S $450 MILLION PROJECT PORTFOLIO — FOR US, DESIGN EXCELLENCE HAS REMAINED A CONSTANT THROUGHOUT OUR HISTORY: AN ENDURING ALLEGIANCE TO OUR QUALITY AND DESIGN — WE HAVE AN UNFALTERING COMMITMENT TO THINK IMAGINATIVELY, TREAT CHALLENGES AS OPPORTUNITIES, AND EMBRACE CREATIVITY IN EVERY SPHERE OF ACTIVITY, ALL TO MAKE A LASTING CONTRIBUTION TO THE BUILT ENVIRONMENT FOREVER. MAP ARCHITECTURE AND DESIGN DRIVEN BY THE CHALLENGE OF CREATING EXCITING, INNOVATIVE AND CUTTING EDGE ARCHITECTURE ENSURES MAP’S DELIVERY OF DESIGN EXCELLENCE ON EVERY PROJECT. THE STRENGTH OF MAP’S ARCHITECTURAL SOLUTIONS IS FOUNDED ON THE EXPERIENCE OF OVER 25 YEARS AND A STRONG COMMITMENT TO THE QUALITY AND CREATIVITY OF ALL WORK PRODUCED, INCLUDING THE MILL APARTMENTS IN ESSENDON AND C100 IN CARLTON EADES AND BERGMAN MOTIVATED BY A PASSION FOR CREATING EFFICIENT, LUXURIOUS AND INDIVIDUALLY DESIGNED SPACES, EADES AND BERGMAN’S DESIGN APPROACH ENHANCES THE WAY PEOPLE LIVE DAY TO DAY, ALWAYS ACHIEVING IMPRESSIVE INTERIOR AND EXTERIOR OUTCOMES — EADES AND BERGMAN’S STYLE IS INSPIRED BY INTERNATIONAL TRAVEL, ENVIRONMENTAL CONSCIOUSNESS AND WORKING WITH LOCAL INDUSTRIAL DESIGNERS. WITH 16 COMBINED YEARS IN THE INDUSTRY, EADES AND BERGMAN CONTINUE TO CREATE UNIQUE AND BEAUTIFUL SPACES FOR BOTH RESIDENTIAL AND COMMERCIAL PROJECTS.

30

31

PORTFOLIO

—

LEFT TO RIGHT

ISLINGTON SILOS COLLINGWOOD G1 SANDRINGHAM ERANTIS ESSENDON NORTH JOULIA BRUNSWICK EAST C100 CARLTON ART ESSENDON IMEX ESSENDON

32

33

CEILING

SKIRTINGS

GENERAL

CERAMIC AND/OR VITRIFIED TILE AND/OR SELECTED BASE

BENCHTOP

ELECTRICAL

VANITY BASIN

VITREOUS CHINA

CERAMIC AND/OR VITRIFIED TILE

—

INDIVIDUAL METERING

BUILDER

DOWN LIGHTS THROUGHOUT WITH TRACK LIGHT TO KITCHEN/LIVING

HAMILTON MARINO BUILDERS

CONSTRUCTION COMMENCEMENT

EXPECTED MID/ LATE 2012

CONSTRUCTION COMPLETION

EXPECTED LATE 2013/ EARLY 2014

LOW SHEEN ACRYLIC PAINT

—

BALCONIES

ARCHITECT

MAP ARCHITECTURE & DESIGN

WALLS

LIGHTING

HOT WATER SERVICE

CENTRALISED GAS HOT WATER WITH INDIVIDUAL METERS

LIFT

2 LIFTS

AIR CONDITIONING

AIR CONDITIONING TO LIVING AREA

TELEVISION

SHOWER BASE

TOILET

VITREOUS CHINA

SHOWER SCREEN

FRAMELESS GLASS SCREEN

PAINTED PLASTERBOARD

PAINTED MDF

RECONSTITUTED STONE OR SIMILAR

SPLASHBACK

CEILING

PAINTED PLASTERBOARD

SKIRTINGS

CERAMIC AND/OR VITRIFIED TILE

JOINERY

SPLASHBACK MIRROR AND/OR CERAMIC TILE AND/OR VITRIFIED TILE

ACCESSORIES

LIVING/DINING/ ENTRY

—

FLOORS

ENGINEERED TIMBER FLOORS

WALLS

LOW SHEEN ACRYLIC PAINT

MATV/PTV IN LIVING ROOM AND MATV IN MAIN BEDROOM

CEILING

COMMUNICATIONS

SKIRTINGS

NATIONAL BROADBAND NETWORK WITH POINTS ADJACENT TO PTV IN LIVING ROOM FOR FOXTEL IQ CONNECTION AND A POINT IN THE MAIN BEDROOM

CERAMIC TILES AND/OR VITRIFIED TILE TO SHOWER ENCLOSURE WITH LOW SHEEN ACRYLIC PAINT OVER PLASTERBOARD ELSEWHERE

BENCHTOP

LAMINATE

CHROME

WALLS

CERAMIC AND/OR VITRIFIED TILE

MIRROR

POLISHED EDGE

CERAMIC AND/OR VITRIFIED TILE

PAINTED PLASTERBOARD PAINTED MDF

RECONSTITUTED STONE OR SIMILAR

JOINERY

LAMINATE

$0

2005

2006

2007

2008

2009

2010

0%

MEDIAN UNIT PRICE

2003

2004

2005

2006

2007

2008

2009

2010

CENTRAL (0–4km)

1990–2010 PRICES IN '000

INNER (4–10km)

NATURE OF OCCUPANCY

$500

BRUNSWICK (2006) $400

$300

$200

$100

$0

1990

1994

1998

2002

2006

2010

RENTED 47%

MELBOURNE METRO

FULLY OWNED 27%

BRUNSWICK EAST

BEING PURCHASED 26%

BRUNSWICK WEST BRUNSWICK

2007—2031 2007–2031 (FORECAST YEAR ENDING JUNE 30)

2006 2011 2016 2021 2026 2031

POPULATION 9,117 10,452 12,951 15,206 17,673 18,738 CHANGE IN POPULATION (5 YEARS) 1,335 2,499 2,255 2,467 1,065 AVERAGE ANNUAL CHANGE (%) 2.77 4.38 3.26 3.05 1.18 HOUSEHOLDS 3,942 4,480 5,559 6,578 7,727 8,341 AVERAGE HOUSEHOLD SIZE (PERSONS) 2.3 2,32 2.32 2.31 2.28 2.24 POPULATION IN NON PRIVATE DWELLINGS 39 39 39 39 39 39 DWELLINGS 4,093 4,641 5,779 6,846 8,846 8,705

34

1%

$50

FORECAST POPULATION CHANGE BRUNSVICK EAST

FORECAST BRUNSWICK EAST

$100

35

NUMBER OF PERSONS 800 600 400 200 0

2031

BLUE EARTH GROUP OF COMPANIES

FLOORS

—

2030

DEVELOPER

BATHROOM AND ENSUITE FITTINGS

ENGINEERED TIMBER FLOORS

2%

$150

2029

07

FLOORS

HAFELE OR EQUIVALENT

BATHROOM/ ENSUITE

3%

$200

2028

LEVELS

ALUMINIUM FRAMES WITH GLAZING

DISHWASHER

—

$250

2027

YES INDIVIDUALLY FOR ALL APARTMENTS

WINDOWS & SLIDING DOORS

KITCHEN

PAINTED MDF

2026

STORAGE CAGES

PAINT FINISH

HAFELE ELECTRIC OVEN OR EQUIVALENT

SKIRTINGS

4%

$300

2025

YES

INTERNAL WALLS

SINGLE LEVER CHROME MIXER

$350

2024

BIKE STORAGE

ACOUSTIC AND FIRE RATED WALLS AS REQUIRED

OVEN

VANITY

PAINTED PLASTERBOARD

2023

YES

HAFELE OR EQUIVALENT

CEILING

2022

VISITOR CARPARKING

WALLS BETWEEN RESIDENTIAL UNITS

RANGE HOOD

SHOWER OUTLET

CHROME

5%

2021

3 LEVELS OF SECURE BASEMENT CARPARKING

HAFELE GAS COOK TOP OR EQUIVALENT

$400

2020

CARPARKING

INSITU CONCRETE AND/OR MASONRY AND/OR LIGHTWEIGHT CLADDING

LOW SHEEN ACRYLIC PAINT

2019

02

SINGLE LEVER CHROME MIXER

2018

RETAIL/COMMERIAL

CARPET

WALLS

2003–2010 VACANCY RATE IN %

2005–2010 MEDIAN RENT IN $PW

2017

COOK TOP

SINGLE LEVER CHROME MIXER

SHOWER

VACANCY RATE

2016

EXTERNAL WALLS

01

FLOORS

MEDIAN RENT 2-BEDROOM APARTMENT

2015

SINK STAINLESS STEEL UNDERMOUNT

KITCHEN

GROWTH OVER THE NEXT FIVE YEARS THE POPULATION OF BRUNSWICK EAST IS EXPECTED TO GROW BY 2,500 25 TO 34 WITH ALMOST HALF THE TENURE IN BRUNWICK BEING RENTAL, THE SUBURB HAS STRUCK APPEAL WITH ‘GENERATION Y’ WITH THE PERCENTAGE OF PEOPLE AGED BETWEEN 25 TO 34 BEING 30% MORE THAN THE AVERAGE OF THE MUNICIPALITY FOOD DESTINATION LEADING RESTAURANT FOOD CRITIC URBAN SPOON HAS LISTED BRUNSWICK AS ONE OF THE TOP SUBURBS OF MELBOURNE FOR FOOD AND DRINKS POPULATION OVER THE NEXT 20 YEARS THE POPULATION OF BRUNSWICK EAST IS EXPECTED TO INCREASE BY OVER 3% ANNUALLY, WHICH IS ALMOST DOUBLE THE RATE OF ANY OTHER SUBURB IN THE MUNICIPALITY COUNCILS VISION FOR BRUNSWICK IS TO HAVE AN ADDITIONAL 5,000-10,000 DWELLINGS LYGON ST HAS A DIRECT TRAM LINK INTO THE HEART OF THE CBD NBN THE NATIONAL BROADBAND NETWORK (NBN) CAN DELIVER DOWNLOAD SPEEDS UP TO 1,000 FASTER THAN CURRENT INTERNET SPEEDS. MOVIES CAN BE DOWNLOADED IN AS LITTLE AS A MINUTE WHEN PREVIOUSLY IT COULD TAKE UP TO 18 HOURS.

2014

REINFORCED CONCRETE SLAB

—

—

2013

FLOORS

RESTAURANTS

—

BEDROOMS

—

2012

103

APARTMENTS

TAPWARE

2011

KITCHEN FITTINGS

2010

BUILDING ENVELOPE

2009

—

2008

SUMMARY

AREA ANALYSIS

2007

PROJECT FACT SHEET

INVESTMENT ANALYSIS BASED ON A FULL YEAR

APARTMENT NUMBER

NOTES

(01)

SEE APPENDICES FOR RENTAL APPRAISALS FROM WOODARDS AND PREVIEW PROPERTY (02)

SEE APPENDICES FOR OWNERS CORPORATION PROPOSED LEVY SCHEDULE FROM CHERRY OWNERS CORPORATION (03)

COUNCIL RATES COUNCIL RATES ARE ESTIMATED USING THE MORELAND CITY COUNCIL CAPITAL IMPROVED VALUE MULTIPLIED

BY THE RATE PRESCRIBED BY COUNCIL (04)

WATER CHARGES ARE ESTIMATED USING THE YARRA VALLEY WATER SERVICES CHARGES AND THE PARKS VICTORIA CHARGES (05)

SEE APPENDICES FOR INDICATIVE TAX DEPRECIATION FROM JUST DEPRECIATION (06)

STAMP DUTY PAYABLE ESTIMATE IS BASED ON THE FIXED PERCENTAGE METHOD DISCLOSURE TO THE STATE REVENUE OFFICE.

THE INFORMATION PROVIDED IN THIS ANALYSIS IS GIVEN FOR GENERAL INFORMATION PURPOSES ONLY. IT SHOULD NOT BE RELIED UPON AS A SUBSTITUTE FOR LEGAL, FINANCIAL, REAL ESTATE OR OTHER EXPERT ADVICE AND MUST NOT BE RELIED UPON AS A BASIS FOR ANY DECISION YOU MAKE CONCERNING ANY FEATURED PROPERTY. YOU MUST MAKE YOUR OWN ENQUIRIES TO VERIFY THE INFORMATION BEFORE ACTING ON IT; INCLUDING MATERIAL ON PROPERTY PARTICULARS. THE INFORMATION IS SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE AND TO THE EXTEND PERMITTED BY THE LAW ‘AS IS’ WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND AS TO THE ACCURACY, COMPLETENESS OR SUITABILITY FOR A PARTICULAR PURPOSE.

RENT LOW RANGE

RENT HIGH RANGE

OWNERS CORPORATION

COUNCIL RATES

WATER CHARGES

(01)

(01)

(02)

(03)

(04)

GROUND G04 G05

$390 $490

$460 $530

$1,432 $1,830

$1,160 $1,466

$549 $572

$17,307 $19,152

$2,361 $3,320

ONE 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118

$460 $390 $390 $390 $390 $490 $460 $390 $390 $390 $390 $490 $490 $390 $390 $390 $390 $460

$490 $460 $460 $460 $460 $530 $490 $460 $460 $460 $460 $530 $530 $460 $460 $460 $460 $490

$1,592 $1,432 $1,353 $1,353 $1,512 $1,830 $1,512 $1,432 $1,432 $1,432 $1,432 $1,910 $1,671 $1,432 $1,432 $1,432 $1,432 $1,592

$1,266 $1,146 $1,133 $1,133 $1,213 $1,506 $1,266 $1,146 $1,146 $1,173 $1,173 $1,546 $1,373 $1,200 $1,200 $1,200 $1,200 $1,320

$557 $548 $547 $547 $553 $575 $557 $548 $548 $550 $550 $578 $565 $552 $552 $552 $552 $561

$19,152 $17,307 $17,307 $17,307 $17,307 $22,112 $19,152 $17,307 $17,307 $17,307 $17,307 $22,112 $19,152 $17,307 $17,307 $17,307 $17,307 $19,152

$2,601 $2,330 $2,301 $2,301 $2,481 $3,548 $2,601 $2,330 $2,330 $2,390 $2,390 $3,770 $2,841 $2,450 $2,450 $2,450 $2,450 $2,721

TWO 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218

$490 $390 $390 $390 $390 $490 $460 $390 $390 $390 $390 $490 $490 $390 $390 $390 $390 $460

$530 $460 $460 $460 $460 $530 $490 $460 $460 $460 $460 $530 $530 $460 $460 $460 $460 $490

$1,830 $1,512 $1,512 $1,512 $1,512 $1,910 $1,592 $1,432 $1,432 $1,432 $1,432 $1,910 $1,671 $1,432 $1,432 $1,432 $1,432 $1,592

$1,493 $1,266 $1,240 $1,240 $1,240 $1,560 $1,293 $1,173 $1,173 $1,200 $1,200 $1,560 $1,360 $1,173 $1,173 $1,173 $1,173 $1,293

$574 $557 $555 $555 $555 $578 $559 $550 $550 $552 $552 $578 $564 $550 $550 $550 $550 $559

$19,152 $17,307 $17,307 $17,307 $17,307 $22,112 $19,152 $17,307 $17,307 $17,307 $17,307 $22,112 $19,152 $17,307 $17,307 $17,307 $17,307 $19,152

$3,470 $2,601 $2,541 $2,541 $2,541 $3,848 $2,661 $2,390 $2,390 $2,450 $2,450 $3,848 $2,810 $2,390 $2,390 $2,390 $2,390 $2,661

THREE 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318

$490 $390 $390 $390 $390 $490 $460 $370 $370 $370 $370 $490 $490 $390 $390 $390 $390 $460

$530 $460 $460 $460 $460 $530 $490 $430 $430 $430 $430 $530 $530 $460 $460 $460 $460 $490

$1,751 $1,592 $1,512 $1,512 $1,512 $1,909 $1,432 $1,353 $1,353 $1,432 $1,432 $1,671 $1,671 $1,432 $1,432 $1,432 $1,432 $1,592

$1,453 $1,293 $1,266 $1,266 $1,266 $1,586 $1,200 $1,133 $1,133 $1,173 $1,173 $1,373 $1,360 $1,186 $1,186 $1,186 $1,186 $1,320

$571 $559 $557 $557 $557 $580 $552 $547 $547 $550 $550 $565 $564 $551 $551 $551 $551 $561

$19,152 $17,307 $17,307 $17,307 $17,307 $22,112 $19,152 $17,307 $17,307 $17,307 $17,307 $19,152 $19,152 $17,307 $17,307 $17,307 $17,307 $19,152

$3,248 $2,661 $2,601 $2,601 $2,601 $3,998 $2,450 $2,301 $2,301 $2,390 $2,390 $2,841 $2,810 $2,421 $2,421 $2,421 $2,421 $2,721

36

DEPRECIATION (05)

STAMP DUTY (06)

APARTMENT NUMBER

RENT LOW RANGE

RENT HIGH RANGE

OWNERS CORPORATION

COUNCIL RATES

WATER CHARGES

DEPRECIATION

FOUR 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416

$370 $490 $390 $490 $460 $370 $370 $370 $370 $490 $490 $390 $390 $390 $390 $460

$430 $530 $460 $530 $490 $430 $430 $430 $430 $530 $530 $460 $460 $460 $460 $490

$1,512 $1,990 $1,512 $1,830 $1,512 $1,432 $1,432 $1,432 $1,432 $1,671 $1,671 $1,432 $1,432 $1,432 $1,432 $1,671

$1,213 $1,626 $1,253 $1,520 $1,226 $1,160 $1,160 $1,186 $1,186 $1,360 $1,386 $1,200 $1,200 $1,200 $1,200 $1,346

$553 $583 $556 $576 $554 $549 $549 $551 $551 $564 $566 $552 $552 $552 $552 $563

$17,307 $22,112 $17,307 $19,152 $19,152 $17,307 $17,307 $17,307 $17,307 $19,152 $19,152 $17,307 $17,307 $17,307 $17,307 $19,152

$2,481 $4,220 $2,570 $3,620 $2,510 $2,361 $2,361 $2,421 $2,421 $2,810 $2,870 $2,450 $2,450 $2,450 $2,450 $2,781

FIVE 501 502 503 504 505 506 507 508 509 510 511 512 513 514

$390 $490 $390 $490 $460 $370 $370 $370 $390 $390 $390 $390 $390 $460

$460 $530 $460 $530 $490 $430 $430 $430 $460 $460 $460 $460 $460 $490

$1,592 $1,990 $1,512 $1,910 $1,512 $1,432 $1,432 $1,432 $1,512 $1,512 $1,512 $1,512 $1,512 $1,671

$1,280 $1,600 $1,266 $1,533 $1,253 $1,173 $1,173 $1,200 $1,226 $1,213 $1,213 $1,213 $1,213 $1,373

$558 $581 $557 $577 $556 $550 $550 $552 $554 $553 $553 $553 $553 $565

$17,307 $22,112 $17,307 $19,152 $19,152 $17,307 $17,307 $17,307 $17,307 $17,307 $17,307 $17,307 $17,307 $19,152

$2,630 $4,070 $2,601 $3,698 $2,570 $2,390 $2,390 $2,450 $2,510 $2,481 $2,481 $2,481 $2,481 $2,841

SIX 601 602 603 604 605 606 607 608 609 610 611 612 613 614

$390 $490 $390 $490 $460 $370 $370 $370 $390 $390 $390 $390 $390 $460

$460 $530 $460 $530 $490 $430 $430 $430 $460 $460 $460 $460 $460 $490

$1,592 $1,990 $1,592 $1,910 $1,512 $1,432 $1,432 $1,432 $1,512 $1,512 $1,512 $1,512 $1,512 $1,751

$1,293 $1,626 $1,280 $1,560 $1,266 $1,186 $1,186 $1,186 $1,240 $1,226 $1,226 $1,226 $1,226 $1,400

$559 $583 $558 $578 $557 $551 $551 $551 $555 $554 $554 $554 $554 $567

$17,307 $22,112 $17,307 $19,152 $19,152 $17,307 $17,307 $17,307 $17,307 $17,307 $17,307 $17,307 $17,307 $19,152

$2,661 $4,220 $2,630 $3,848 $2,601 $2,421 $2,421 $2,421 $2,541 $2,510 $2,510 $2,510 $2,510 $2,948

(0 1)

(0 1)

(02)

37

(03)

(05)

STAMP DUTY (06)

(04)

01

02

APPENDICE ONE

APPENDICE TWO

RENTAL APPRAISALS

CORPORATION BUDGET

Suite One, 260 Auburn Road Hawthorn VIC 3122 t 03 8862 4655 f 03 9815 3933 e chris@cherryoc.com.au w www.cherryoc.com.au

Proposed Budget for Owners Corporation No. 1 PS 708385F - Prescribed 356 - 360 Lygon Street, Brunswick East, 3056.

110 111 112 113 114 115 116 117 118 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318

Proposed Budget for Owners Corporation No. 1 PS 708385F - Prescribed 356 - 360 Lygon Street, Brunswick East, 3056.

For the financial year 2013 to 2014 Admin Fund Expenses Admin--Annual Account Audit Admin--Disbursement fees Admin--Management Fees Insurance--Premiums Maint Bldg--Caretaking Maint Bldg--Essential Services Maint Bldg--Contingency Repairs Maint Bldg--Fire & Lift Telephone Maint Bldg--Preparation of Maintenance Plan Utility--Electricity - Common Utility--Gas - Common Utility--Water - Common Utility--Waste Management Setup-- Compliance Plus GST Total expenses Lot 1 2 3 G01 G02 G03 G04 G05 101 102 103 104 105 106 107 108 109

Entitlement 185 155 225 100 95 100 90 115 100 90 85 85 95 115 95 90 90

Annual Levy $ 2,944.45 $ 2,466.95 $ 3,581.05 $ 1,591.60 $ 1,512.00 $ 1,591.60 $ 1,432.45 $ 1,830.35 $ 1,591.60 $ 1,432.45 $ 1,352.85 $ 1,352.85 $ 1,512.00 $ 1,830.35 $ 1,512.00 $ 1,432.45 $ 1,432.45

Cherry Owners Corporation PTY LTD - Chris Dassler - 05/06/2012

94

Lot 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 501

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Entitlement 95 125 95 115 95 90 90 90 90 105 105 90 90 90 90 105 100

1,350 4,240 14,840 28,000 45,500 10,000 4,000 1,440 5,000 25,000 4,000 500 9,000 500 15,337 168,707

Annual Levy $ 1,512.00 $ 1,989.50 $ 1,512.00 $ 1,830.35 $ 1,512.00 $ 1,432.45 $ 1,432.45 $ 1,432.45 $ 1,432.45 $ 1,671.20 $ 1,671.20 $ 1,432.45 $ 1,432.45 $ 1,432.45 $ 1,432.45 $ 1,671.20 $ 1,591.60 Page 1 of 2

90 90 120 105 90 90 90 90 100 115 95 95 95 95 120 100 90 90 90 90 120 105 90 90 90 90 100 110 100 95 95 95 120 90 85 85 90 90 105 105 90 90 90 90 100

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

1,432.45 1,432.45 1,909.90 1,671.20 1,432.45 1,432.45 1,432.45 1,432.45 1,591.60 1,830.35 1,512.00 1,512.00 1,512.00 1,512.00 1,909.90 1,591.60 1,432.45 1,432.45 1,432.45 1,432.45 1,909.90 1,671.20 1,432.45 1,432.45 1,432.45 1,432.45 1,591.60 1,750.75 1,591.60 1,512.00 1,512.00 1,512.00 1,909.90 1,432.45 1,352.85 1,352.85 1,432.45 1,432.45 1,671.20 1,671.20 1,432.45 1,432.45 1,432.45 1,432.45 1,591.60

Cherry Owners Corporation PTY LTD - Chris Dassler - 05/06/2012

95

502 503 504 505 506 507 508 509 510 511 512 513 514 601 602 603 604 605 606 607 608 609 610 611 612 613 614

125 95 120 95 90 90 90 95 95 95 95 95 105 100 125 100 120 95 90 90 90 95 95 95 95 95 110

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

1,989.50 1,512.00 1,909.90 1,512.00 1,432.45 1,432.45 1,432.45 1,512.00 1,512.00 1,512.00 1,512.00 1,512.00 1,671.20 1,591.60 1,989.50 1,591.60 1,909.90 1,512.00 1,432.45 1,432.45 1,432.45 1,512.00 1,512.00 1,512.00 1,512.00 1,512.00 1,750.75

Total Entitlement units 10600 Total Levy income (incl GST) $ 168,709.00 Total Lots 106 Per unit of Entitlement $ 15.92 Page 2 of 2

03 APPENDICE THREE

DEPRECIATION SCHEDULE

Just Depreciation

PH: Report Date:

A.C.N. 107 577 748 A.B.N.83 957 303 432

Stratus Apartments, 360 Lygon Street, Brunswick East

One bedroom, one bathroom & car park

Installed

Rate

Cost

Carpet/vinyl floor coverings Floating timber floor Stoves - whitegoods etc Dishwasher Hot water service Intercom Air conditioning Asset pool items under $1000 Please note asset pool year one is caluclated using 18.75 % rate.

- Smoke detectors 330 - Television antenna 499 Low value pool items under $300 Common Area Light fittings Lifts Carpet Air conditioning Fire services Low value pool items under $300 Asset pool items under $1000 Please note asset pool year one is caluclated using 18.75 % rate.

- Auto door motors 370 - Security system 312

YEAR 2

YEAR 3

YEAR 4

YEAR 5

YEAR 6

RESIDUAL

YEAR 7

YEAR 8

YEAR 9

Two bedrooms, two bathrooms & car park

WRITTEN DOWN VALUE

YEAR 10

1,470 3,500 5,114 2,050 1,447 2,475 6,450 829

294 467 853 410 241 495 1,290 155

235 405 710 328 201 396 1,032 253

188 351 592 262 167 317 826 158

151 304 493 210 140 253 660 99

120 263 411 168 116 203 528 62

96 228 343 134 97 162 423 39

77 198 285 107 81 130 338 24

62 171 238 86 67 104 271 15

49 149 198 69 56 83 216 9

39 129 165 55 47 66 173 6

158 836 826 220 234 266 693 10

100.00%

945

945

0

0

0

0

0

0

0

0

0

0

40.00% 6.67% 25.00% 13.34% 16.67% 100.00% 37.50%

Capital Building Write Off Kitchen Joinery Capital Building Write Off - Common area

2.50% 2.50% 2.50%

TOTAL CAPITAL BUILDING WRITE OFF

643 575 298 543 790 0 208

386 536 224 471 659 0 130

232 501 168 408 549 0 81

139 467 126 354 457 0 51

83 436 94 306 381 0 32

50 407 71 266 318 0 20

30 380 53 230 265 0 12

18 355 40 199 221 0 8

11 331 30 173 184 0 5

16 4,630 90 1,123 919 0 8

49,008

9,092

6,617

5,266

4,248

3,465

2,855

2,371

1,984

1,670

1,414

10,027

284,455 7,425 36,712

7,111 186 918

7,111 186 918

7,111 186 918

7,111 186 918

7,111 186 918

7,111 186 918

7,111 186 918

7,111 186 918

7,111 186 918

7,111 186 918

213,341 5,569 27,538

Capital Building Write Off Kitchen Joinery Capital Building Write Off - Common area

328,592

8,215

8,215

8,215

8,215

8,215

8,215

8,215

8,215

8,215

8,215

246,448

TOTAL CAPITAL BUILDING WRITE OFF

9,092 8,215 17,307

6,617 8,215 14,832

5,266 8,215 13,481

4,248 8,215 12,463

3,465 8,215 11,680

2,855 8,215 11,070

2,371 8,215 10,586

1,984 8,215 10,199

1,670 8,215 9,885

1,414 8,215 9,629

Note;

Just Depreciation

PH: Report Date:

A.C.N. 107 577 748 A.B.N.83 957 303 432

Stratus Apartments, 360 Lygon Street, Brunswick East

Cost

Carpet/vinyl floor coverings Floating timber floor Stoves - whitegoods etc Dishwasher Hot water service Intercom Air conditioning Asset pool items under $1000 Please note asset pool year one is caluclated using 18.75 % rate.

- Smoke detectors 330 - Television antenna 499 Low value pool items under $300 Common Area Light fittings Lifts Carpet Air conditioning Fire services Low value pool items under $300 Asset pool items under $1000 Please note asset pool year one is caluclated using 18.75 % rate.

- Auto door motors 435 - Security system 367

TOTAL CAPITAL BUILDING WRITE OFF TOTAL DEPRECIATION ITEMS TOTAL CAPITAL BUILDING WRITE OFF Yearly Totals

YEAR 4

YEAR 5

YEAR 6

YEAR 7

YEAR 8

YEAR 9

YEAR 8

403 405 710 328 201 396 1,032 253

323 351 592 262 167 317 826 158

258 304 493 210 140 253 660 99

206 263 411 168 116 203 528 62

165 228 343 134 97 162 423 39

132 198 285 107 81 130 338 24

106 171 238 86 67 104 271 15

85 149 198 69 56 83 216 9

68 129 165 55 47 66 173 6

271 836 826 220 234 266 693 10

100.00%

945

945

0

0

0

0

0

0

0

0

0

0

40.00% 6.67% 25.00% 13.34% 16.67% 100.00% 37.50%

3,149 10,850 1,868 5,521 6,686 180 802

1,260 724 467 737 1,115 180

756 675 350 638 929 0

453 630 263 553 774 0

272 588 197 479 645 0

163 549 148 415 537 0

98 512 111 360 448 0

59 478 83 312 373 0

35 446 62 270 311 0

21 417 47 234 259 0

13 389 35 203 216 0

19 5,441 105 1,319 1,079 0

54,386

9,841

7,076

5,669

4,599

3,771

3,120

2,601

2,183

1,843

1,564

11,317

320,553 8,775 43,136

8,014 219 1,078

8,014 219 1,078

8,014 219 1,078

8,014 219 1,078

8,014 219 1,078

8,014 219 1,078

8,014 219 1,078

8,014 219 1,078

8,014 219 1,078

8,014 219 1,078

240,419 6,581 32,357

372,464

9,311

9,311

9,311

9,311

9,311

9,311

9,311

9,311

9,311

9,311

279,357

9,841 9,311 19,152

7,076 9,311 16,387

5,669 9,311 14,980

4,599 9,311 13,910

3,771 9,311 13,082

3,120 9,311 12,431

2,601 9,311 11,912

2,183 9,311 11,494

1,843 9,311 11,154

1,564 9,311 10,875

WRITTEN DOWN VALUE

YEAR 10

588 467 853 410 241 495 1,290 155

470 405 710 328 201 396 1,032 253

376 351 592 262 167 317 826 158

301 304 493 210 140 253 660 99

241 263 411 168 116 203 528 62

193 228 343 134 97 162 423 39

154 198 285 107 81 130 338 24

123 171 238 86 67 104 271 15

99 149 198 69 56 83 216 9

79 129 165 55 47 66 173 6

316 836 826 220 234 266 693 10

100.00%

1,560

1,560

0

0

0

0

0

0

0

0

0

0

40.00% 6.67% 25.00% 13.34% 16.67% 100.00% 37.50%

3,658 12,604 2,170 6,414 7,767 209 931

1,463 841 543 856 1,295 209

878 785 407 741 1,079 0

527 732 305 643 899 0

316 683 229 557 749 0

190 638 172 483 624 0

114 595 129 418 520 0

68 556 97 362 434 0

41 519 72 314 361 0

25 484 54 272 301 0

15 452 41 236 251 0

22 6,320 122 1,532 1,254 0

60,118

11,265

7,685

6,155

4,995

4,098

3,394

2,834

2,382

2,015

1,714

12,650

372,969 10,800 50,113

9,324 270 1,253

9,324 270 1,253

9,324 270 1,253

9,324 270 1,253

9,324 270 1,253

9,324 270 1,253

9,324 270 1,253

9,324 270 1,253

9,324 270 1,253

9,324 270 1,253

279,726 8,100 37,584

433,882

10,847

10,847

10,847

10,847

10,847

10,847

10,847

10,847

10,847

10,847

325,410

11,265 10,847 22,112

7,685 10,847 18,532

6,155 10,847 17,002

4,995 10,847 15,842

4,098 10,847 14,945

3,394 10,847 14,241

2,834 10,847 13,681

2,382 10,847 13,229

2,015 10,847 12,862

1,714 10,847 12,561

2.50% 2.50% 2.50%

$155,008

This is an indicative schedule only with depreciable plant and the 2.5% special building write-off based on proposed construction cost.

$135,378

This is an indicative schedule only with depreciable plant and the 2.5% special building write-off based on proposed construction cost.

Depreciation has been assessed adopting rates on the diminishing value basis in line with current ruling TR18/2000, and federal budget 10/5/2006, not to be used for preparation of tax returns.

96

YEAR 9

2,940 3,500 5,114 2,050 1,447 2,475 6,450 829

WRITTEN DOWN VALUE

YEAR 10

504 467 853 410 241 495 1,290 155

2.50% 2.50% 2.50%

RESIDUAL

YEAR 7

RESIDUAL

2,520 3,500 5,114 2,050 1,447 2,475 6,450 829

Total Cumulative write-off Over the First 10 years

Note;

YEAR 3

YEAR 6

12/0439

20.00% 13.34% 16.67% 20.00% 16.67% 20.00% 20.00% 37.50%

TOTAL DEPRECIATION ITEMS Capital Building Write Off Kitchen Joinery Capital Building Write Off - Common area

YEAR 2

YEAR 5

justdepn@optusnet.com.au

DEPRECIATION IN YEAR NOMINATED YEAR 1

YEAR 4

4th June 2012

File No:

Rate

YEAR 3

1300 364 683

e-mail

A Division of Rob Pritchard & Associates Pty Ltd

Installed

YEAR 2

Depreciation has been assessed adopting rates on the diminishing value basis in line with current ruling TR18/2000, and federal budget 10/5/2006, not to be used for preparation of tax returns.

Depreciation has been assessed adopting rates on the diminishing value basis in line with current ruling TR18/2000, and federal budget 10/5/2006, not to be used for preparation of tax returns.

Depreciation

DEPRECIATION IN YEAR NOMINATED YEAR 1

Total Cumulative write-off Over the First 10 years

$121,132

12/0439

20.00% 13.34% 16.67% 20.00% 16.67% 20.00% 20.00% 37.50%

TOTAL DEPRECIATION ITEMS

TOTAL DEPRECIATION ITEMS TOTAL CAPITAL BUILDING WRITE OFF Yearly Totals

This is an indicative schedule only with depreciable plant and the 2.5% special building write-off based on proposed construction cost.

Two bedrooms, one bathroom & car park

Cost

Common Area Light fittings Lifts Carpet Air conditioning Fire services Low value pool items under $300 Asset pool items under $1000 Please note asset pool year one is caluclated using 18.75 % rate.

- Auto door motors 505 - Security system 426

1,072 616 398 627 949 153 128

Total Cumulative write-off Over the First 10 years

Installed

Rate

justdepn@optusnet.com.au

4th June 2012

File No:

Depreciation

Carpet/vinyl floor coverings Floating timber floor Stoves - whitegoods etc Dishwasher Hot water service Intercom Air conditioning Asset pool items under $1000 Please note asset pool year one is caluclated using 18.75 % rate.

- Smoke detectors 330 - Television antenna 499 Low value pool items under $300

2,680 9,234 1,590 4,699 5,690 153 682

TOTAL DEPRECIATION ITEMS TOTAL CAPITAL BUILDING WRITE OFF Yearly Totals

Report Date:

Stratus Apartments, 360 Lygon Street, Brunswick East

12/0439

1300 364 683

e-mail

A.C.N. 107 577 748 A.B.N.83 957 303 432

DEPRECIATION IN YEAR NOMINATED YEAR 1

PH:

A Division of Rob Pritchard & Associates Pty Ltd

20.00% 13.34% 16.67% 20.00% 16.67% 20.00% 20.00% 37.50%

TOTAL DEPRECIATION ITEMS

Note;

justdepn@optusnet.com.au

4th June 2012

File No:

Depreciation

Just Depreciation

1300 364 683

e-mail

A Division of Rob Pritchard & Associates Pty Ltd

97

THE INFORMATION CONTAINED IN THIS MANUAL IS FOR GENERAL PURPOSES ONLY. IT SHOULD NOT BE RELIED UPON AS A SUBSTITUTE FOR LEGAL, FINANCIAL, REAL ESTATE OR OTHER EXPERT ADVICE. INTERESTED PARTIES MUST RELY ON THEIR OWN ENQUIRIES AND REFER TO THE CONTRACT OF SALE. THE IMAGES, ARTISTS IMPRESSIONS, PHOTOS AND VIEWS CONTAINED IN THIS MANUAL ARE NOT REPRESENTATIVE OF ANY APARTMENT. THE INFORMATION IS SUBJECT TO CHANGE AT ANYTIME WITHOUT NOTICE. PHOTOGRAPHY BY NICOLE ENGLAND