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A B C D E F G H I J K L M N

Worst Case = Level 3 HEADINGS >>> TOTAL A B C D

wc Budget = Level 5 TOTAL PARK AGED OFFICES

Best Case = level 7 COMMON RESID COMM

SITE PURCHASE DETAILSFREEZE CELL Proof TOTAL

LOT 3 -

WESTERN

BLOCK

LOT 4 -

CENTRAL

BLOCK

LOT 5 -

EASTERN

BLOCK

Function TYPE A TYPE B TYPE A TYPE B TYPE A

Title Ref CT xxxx/xx CT xxxx/xx CT xxxx/xx

Main Lot Dimensions

Frontage 89.00 m 60.00 m 59.00 m

Depth 35.00 m 76.00 m 74.00 m

Area M² 7,481m² 4,560m² OK 12,041m² 3,115m² 4,560m² 4,366m²

% Mix - Main Lot Area 26% 38% 36%

Easement Dimensions

Frontage 11.00 m 10.00 m

Depth 83.00 m 65.00 m

Area M² 1,563m² OK 1,563m² 913m² 650m²

% Mix - Easement Area 58% 42%

Other

Frontage

Depth

Area M²

% Mix - Other Area

Difference (M2) -1m² -3m² 4m²

Lot Total on Plan (M2) 4,029m² 4,563m² 5,012m² OK 13,604m² 4,029m² 4,563m² 5,012m²

Site Area - Hectares 0.90hec 0.46hec OK 1.36hec 0.40hec 0.46hec 0.50hec

% Mix - Total Area 30% 34% 37%

% Mix

Main Lot Area 22.9% 33.5% 32.1%

Easement Area 6.7% 4.8%

DEVELOPMENT & OPERATIONAL

FEASIBILITY ANALYSIS

SCENARIO Choice

Say WC, B or BC

FUNCTIONAL SUMMARY

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Easement Area 6.7% 4.8%

Other Area

Difference (M2)

Total Area 100.0% 29.6% 33.5% 36.8%

Agent's Price Per M2

Main Lot Area 208$ 208$ 208$ 208$

Easement Area 1$ 1$ 1$ 1$

Other Area

Budget Price

Main Lot Area 647,920$ 948,480$ 908,128$ -$

Easement Area 913$ -$ 650$ -$

Other Area

Total Budget Price by Title 2,506,091$ 648,833$ 948,480$ 908,778$ -$

Average Price M2 184.22$

SITE DESIGN DETAILS TOTAL A B C D

Proof Diff TOTAL PARK AGED OFFICES

Function COMMON RESID COMM UNALLOC COMMON RESID COMM

Lot Total on Plan (M2) 4,029m² 4,563m² 5,012m² OK 13,604m² 4,029m² 4,563m² 5,012m²

Proof - c/f Titled Area 13,604m²

Diff

Proof OK

Site Area - Hectares 0.40hec 0.46hec 0.50hec OK 1.36hec 0.40hec 0.46hec 0.50hec

Agent's Price Per M2 $184.22 $184.22 $184.22

Total Budget Price by Design Component 742,222$ 840,596$ 923,311$ -$ OK 2,506,129$ 742,222$ 840,596$ 923,311$ -$

KEY DESIGN ASSUMPTIONS

FUNCTIONAL SUMMARY

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 1 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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A B C D E F G H I J K L M N

Alternative goals -SITE COVERAGE % (Gr.Fl. Area c/f Site Area) 30% 30% 30%

-SITE DENSITY (Units per Hectare) 30 30 30

-PLOT RATIO (Tot. Fl. Area c/f Site Area) 1.30 1.30 1.30

Common Assumptions (all scenarios) -NO.OF STOREYS 4 2

- Av. UNIT SIZE - M2 (Private) 80m² 80m² 80m²

- Selling Price/Value Per Unit - at 60% Open Space level 180,000$ 180,000$ 180,000$ -$

- Price/Value premium Table (based on Open Space ratio) Price AdjCol No. 2 3 4 5 6 7 8 9 10 11 12 13 14

180,000$ 180,000$ 180,000$ -$

10% 180,000$ 180,000$ 180,000$ -$

20% 180,000$ 180,000$ 180,000$ -$

30% 180,000$ 180,000$ 180,000$ -$

40% 180,000$ 180,000$ 180,000$ -$

50% Base 180,000$ 180,000$ 180,000$ -$

60% 180,000$ 180,000$ 180,000$ -$

70% 180,000$ 180,000$ 180,000$ -$

80% 180,000$ 180,000$ 180,000$ -$

90% 180,000$ 180,000$ 180,000$ -$

- BUILDING FOR COMMON USE - % of Total Fl Area 14% 14% 14%

- BUILDING FOR COMMON USE - % of Lettable Fl Area 16% 16% 16%

Scenario Results -SITE COVERAGE % (Gr.Fl. Area c/f Site Area) Site Coverage % 30% 30% 30%

Open Space % 70% 70% 70% 100%

Site Density (Units per Hectare) 128.3 64.0

Plot Ratio 1.20 0.60

Floor Area 5,476m² 3,008m² OK 8,484m² 5,476m² 3,008m²

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Lettable Area 4,709m² 2,587m² OK 7,296m² 4,709m² 2,587m²

No.of Units - 59 32 - OK 91 59 32

Total Potential Value on Completion -$ 10,620,000$ 5,760,000$ -$ OK 16,380,000$ -$ 10,620,000$ 5,760,000$ -$

-SITE DENSITY (Units per Hectare) Site Coverage % 7% 14%

Open Space % 100% 93% 86% 100%

Site Density (Units per Hectare) 30 30 30

Plot Ratio 0.3 0.3 0.3

Floor Area 1,114m² 1,299m² 1,392m² OK 3,805m² 1,114m² 1,299m² 1,392m²

Lettable Area 960m² 1,120m² 1,200m² OK 3,280m² 960m² 1,120m² 1,200m²

No.of Units 12 14 15 - OK 41 12 14 15

Total Potential Value on Completion -$ 2,520,000$ 2,700,000$ -$ OK 5,220,000$ -$ 2,520,000$ 2,700,000$ -$

-PLOT RATIO (Tot. Fl. Area c/f Site Area) Site Coverage % 33% 65%

Open Space % 100% 67% 35% 100%

Site Density (Units per Hectare) 140.0 139.1 140.0

Plot Ratio 1.30 1.30 1.30

Floor Area 5,238m² 5,932m² 6,516m² OK 17,686m² 5,238m² 5,932m² 6,516m²

Lettable Area 4,505m² 5,102m² 5,604m² OK 15,211m² 4,505m² 5,102m² 5,604m²

No.of Units 56 64 70 - OK 190 56 64 70

Total Potential Value on Completion10,080,000$ 11,520,000$ 12,600,000$ -$ OK 34,200,000$ 10,080,000$ 11,520,000$ 12,600,000$ -$

Scenario ChoiceBest Scenario Choice (Site Maximum) 10,080,000$ 11,520,000$ 12,600,000$ -$

Plot Ratio Plot Ratio Plot Ratio Site CoverageStats for Best Scenario Site Coverage %

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 2 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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A B C D E F G H I J K L M N

Open Space % 100%

Site Density (Units per Hectare)Plot RatioFloor Area OK

Lettable Area OK

No.of Units - - - - OK -

Total Potential Value on Completion -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Land Cost Per Unit -$ -$ -$ -$

SITE COVERAGE ANALYSIS

-SITE COVERAGE % - ASSUMED - (SEE ABOVE) 30% 30% 30%

- Open Space Ratio (as a %) 70% 70% 70% 100%

-SITE AREA - SQ.M 4,029m² 4,563m² 5,012m² OK 13,604m² 4,029m² 4,563m² 5,012m²

-SITE COVERAGE-GRND FL-SQ.M (Net Site Area x Assumed Site Cov %) 1,209m² 1,369m² 1,504m² OK 4,082m² 1,209m² 1,369m² 1,504m²

-NO.OF STOREYS 4 2

-TOTAL FLOOR AREA SQ.M (Ground Floor x No. of Storeys) 5,476m² 3,008m² OK 8,484m² 5,476m² 3,008m²

-PLOT RATIO (Total Floor Area : Site Area) 1.20 0.60

- BUILDING FOR COMMON USE - % of Total Fl Area 14% 14% 14%

- BUILDING FOR COMMON USE - M2 767m² 421m² OK 1,188m² 767m² 421m²

-LETTABLE FLOOR AREA- SQ.M (Total Floor Area less % Building for Common Use) 4,709m² 2,587m² OK 7,296m² 4,709m² 2,587m²

- Av. UNIT SIZE - M2 (Private) #DIV/0! 80m² 81m² #DIV/0! 80m² 80m² 80m² 80m²

-RESID NO.OF UNITS (Rounded) - 59 32 - OK 91 59 32

- Target Price/Value Per Unit 180,000$ 180,000$ 180,000$ -$

- Total Potential Value on Completion -$ 10,620,000$ 5,760,000$ -$ OK 16,380,000$ -$ 10,620,000$ 5,760,000$ -$

-RESID NO.OF UNITS - PER HECTARE 128.3 64.0 66.9 128.3 64.0

SITE DENSITY ANALYSIS

-NO.RESID.UNITS P/HECT - ASSUMED - (SEE ABOVE) 30 30 30

-SITE AREA - HECTARES 0.40hec 0.46hec 0.50hec OK 1.36hec 0.40hec 0.46hec 0.50hec

-RES UNITS POSSIBLE (Rounded) 12 14 15 - OK 41 12 14 15

- Target Price/Value Per Unit -$ 180,000$ 180,000$ -$

- Total Potential Value on Completion -$ 2,520,000$ 2,700,000$ -$ OK 5,220,000$ -$ 2,520,000$ 2,700,000$ -$ 139

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- Total Potential Value on Completion -$ 2,520,000$ 2,700,000$ -$ OK 5,220,000$ -$ 2,520,000$ 2,700,000$ -$

- Av. UNIT SIZE - M2 (Private) 80.0m² 80.0m² 80.0m²

-LETTABLE FLOOR AREA-RES-SQ.M 960m² 1,120m² 1,200m² OK 3,280m² 960m² 1,120m² 1,200m²

- BUILDING FOR COMMON USE - % of Lettable Fl Area 16% 16% 16%

- BUILDING FOR COMMON USE - M2 154m² 179m² 192m² OK 525m² 154m² 179m² 192m²

-TOTAL FLOOR AREA SQ.M (Ground Floor x No. of Storeys) 1,114m² 1,299m² 1,392m² OK 3,805m² 1,114m² 1,299m² 1,392m²

-NO.OF STOREYS 4 2

-GROUND FLOOR AREA SQ.M 325m² 696m² OK 1,021m² 325m² 696m²

-SITE AREA - SQ.M 4,029m² 4,563m² 5,012m² OK 13,604m² 4,029m² 4,563m² 5,012m²

-SITE COVERAGE % 7% 14%

- Open Space Ratio (as a %) 100% 93% 86% 100%

-PLOT RATIO 0.3 0.3 0.3 0.3 0.3 0.3 0.3

PLOT RATIO ANALYSIS

-PLOT RATIO - ASSUMED (SEE ABOVE) 1.30 1.30 1.30

-SITE AREA - M2 4,029m² 4,563m² 5,012m² OK 13,604m² 4,029m² 4,563m² 5,012m²

-TOTAL FLOOR AREA SQ.M 5,238m² 5,932m² 6,516m² OK 17,686m² 5,238m² 5,932m² 6,516m²

-NO.OF STOREYS 4 2

-GROUND FLOOR AREA SQ.M 1,483m² 3,258m² OK 4,741m² 1,483m² 3,258m²

-SITE COVERAGE % 33% 65%

- Open Space Ratio (as a %) 100% 67% 35% 100%

- BUILDING FOR COMMON USE - % of Total Fl Area 14% 14% 14%

- BUILDING FOR COMMON USE - M2 733m² 830m² 912m² OK 2,475m² 733m² 830m² 912m²

-LETTABLE FLOOR AREA- SQ.M (Total Floor Area less % Building for Common Use) 4,505m² 5,102m² 5,604m² OK 15,211m² 4,505m² 5,102m² 5,604m²

- Av. UNIT SIZE - M2 (Private) 80m² 80m² 80m²

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 3 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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A B C D E F G H I J K L M N

-RESID NO.OF UNITS (Rounded) 56 64 70 - OK 190 56 64 70

- Target Price/Value Per Unit 180,000$ 180,000$ 180,000$ -$

- Total Potential Value on Completion 10,080,000$ 11,520,000$ 12,600,000$ -$ OK 34,200,000$ 10,080,000$ 11,520,000$ 12,600,000$ -$

-RESID NO.OF UNITS - PER HECTARE 140.0 139.1 140.0 139.7 140.0 139.1 140.0

SCHEDULE OF ACCOMMODATION (Existing Design)1. Core Building Code Level

RESIDENTIALUnit Size (Lettable Floor Area) Res 80.00 m² 80.00 m² 80.00 m²

No. of Units 28Net Lettable Floor Area 2,240m² OK 2,240m² 2,240 m²

RETAILUnit Size (Lettable Floor Area) 80.00 m² 80.00 m² 80.00 m²

No. of Units

Net Lettable Floor Area OK

OFFICEUnit Size (Lettable Floor Area) 80.00 m² 80.00 m² 80.00 m²

No. of Units

Net Lettable Floor Area OK

Sub-Total Net Lettable Floor Area 2,240m² OK 2,240m² 2,240 m²

NON-LETTABLE/NON-SALEABLE SPACEBuilding Envelope

% of Net Lettable Floor Area to Add 16% 16% 16%

Allowance - m2 358 m²

No. of Undercover Carparks

Residential 22 carsRetail

Office

Area per carpark 14.50 m² 14.50 m² 14.50 m²

Area 319m² OK 319m² 319 m²

Driveways (internal) 858m² OK 858m² 858 m²193

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Driveways (internal) 858m² OK 858m² 858 m²

Storage

No. of Storage Areas 28Area per storage area 4.00 m²

Area 112m² OK 112m² 112 m²

Stairs 160m² OK 160m² 160 m²

Sitting Rooms 180m² OK 180m² 180 m²

Lift 60m² OK 60m² 60 m²

Services Room 100m² OK 100m² 100 m²

Passages 525m² OK 525m² 525 m²

Tank area 175m² OK 175m² 175 m²

Lounge 100m² OK 100m² 100 m²

Kitchen 50m² OK 50m² 50 m²

Patios 100m² OK 100m² 100 m²

Other OK

Total Non-Lettable 3,097m² OK 3,097m² 3,097 m²

TOTAL CORE BUILDING 5,337m² OK 5,337m² 5,337 m²

2. Secondary Building Choose Code - RES, RET, OFF) OFF

Lettable 248m² OK 248m² 248 m²

Non-Lettable 248m² OK 248m² 248 m²

Undercover Car Parks

3. Other Building Choose Code - RES, RET, OFF) OFF

Lettable 30m² OK 30m² 30 m²

Non-Lettable 30m² OK 30m² 30 m²

Undercover Car Parks

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 4 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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A B C D E F G H I J K L M N

TOTAL GROSS FLOOR AREA 5,337m² 556m² OK 5,893m² 5,337 m² 556 m²

Lettable 2,240m² 278m² OK 2,518m² 2,240 m² 278 m²

Non-Lettable 3,097m² 278m² OK 3,375m² 3,097 m² 278 m²

TOTAL GROSS FLOOR AREA 5,337m² 556m² OK 5,893m² 5,337 m² 556 m²

Proof OK OK OK OK

No. of Floors (above & below ground)Core Building 4

Secondary Building 2

Other Building 1

FootprintCore Building 1,334m² OK 1,334m² 1,334 m²

Secondary Building 248m² OK 248m² 248 m²

Other Building 60m² OK 60m² 60 m²

Total Site Coverage 1,334m² 308m² OK 1,642m² 1,334 m² 308 m²

External Car Parking1. Core Building 9 cars

Residential 100 m² 120 m² 140 m² 160 m² 180 m² 200 m²

Car parking ratio - No. of Cars per unit (inc VP) 1.1 1.4 1.6 1.8 2.0 2.2 1.1 1.1 1.1

No. of Resid Units 28

No.of Cars Req. Total 31

No.of Open Space car parks Required 9

RetailCar parking ratio - Spaces/100M2 Lettable Fl Area 7.0 7.0 7.0Lettable Floor AreaNo.of Cars Req. Total

No.of Open Space car parks RequiredOffice

Car parking ratio - Spaces/100M2 Lettable Fl Area 7.0 7.0 7.0Lettable Floor AreaNo.of Cars Req. Total247

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No.of Cars Req. TotalNo.of Open Space car parks Required

2. Secondary Building 17 cars

ResidentialLettable Floor AreaDerived No. of Resid UnitsNo.of Cars Req. Total (use above ratio)

No.of Open Space car parks RequiredRetail

Car parking ratio - No. of Cars per unit (inc VP) 7.0 7.0 7.0Lettable Floor AreaNo.of Cars Req. Total

No.of Open Space car parks RequiredOffice

Car parking ratio - No. of Cars per unit (inc VP) 7.0 7.0 7.0Lettable Floor Area 248 m²

No.of Cars Req. Total 17

No.of Open Space car parks Required 17

3. Other Building 2 cars

ResidentialLettable Floor AreaDerived No. of Resid UnitsNo.of Cars Req. Total (use above ratio)

No.of Open Space car parks RequiredRetail

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 5 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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A B C D E F G H I J K L M N

Car parking ratio - No. of Cars per unit (inc VP) 7.0 7.0 7.0Lettable Floor AreaNo.of Cars Req. Total

No.of Open Space car parks RequiredOffice

Car parking ratio - No. of Cars per unit (inc VP) 7.0 7.0 7.0Lettable Floor Area 30 m²

No.of Cars Req. Total 2

No.of Open Space car parks Required 2No.of Open Space car parks Required - TOTAL 9 cars 19 cars

Area per carpark 14.50 m² 14.50 m² 14.50 m²

Area 131m² 276m² OK 407m² 131 m² 276 m²

Driveways (external) 600m² 1,956m² OK 2,556m² 600 m² 1,956 m²

Roads to Units 200m² OK 200m² 200 m²

Landscaping 2,348m² OK 2,348m² 2,348 m²

Other (by subtraction) 4,029m² 2,298m² 124m² OK 6,451m² 4,029 m² 2,298 m² 124 m²

TOTAL EXTERNAL AREAS 4,029m² 3,229m² 4,704m² OK 11,962m² 4,029 m² 3,229 m² 4,704 m²

SITE AREA (see above) 4,029m² 4,563m² 5,012m² OK 13,604m² 4,029 m² 4,563 m² 5,012 m²

Floor Area AnalysisExisting Design

Core Building 4,160m² OK 4,160m² 4,160 m²

Secondary Building 496m² OK 496m² 496 m²

Other Building 60m² OK 60m² 60 m²

Undercover Parking 1,177m² OK 1,177m² 1,177 m²

Total Existing Design ED 5,337m² 556m² OK 5,893m² 5,337 m² 556 m²

Proof OK OK OK OK

Preferred Scenario (see above) PS OK

Revised Development Objective DO 8,000m² 5,000m² OK 13,000m² 8,000 m² 5,000 m²

Development Strategic Choice Enter each cell without formulaefor scenario calc purposes ED ED ED ED

Total For Financial Analysis Purposes 5,337m² 556m² OK 5,893m² 5,337 m² 556 m²301

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315

Total For Financial Analysis Purposes 5,337m² 556m² OK 5,893m² 5,337 m² 556 m²

Footprint Analysis - M2Existing Design 1,642m² 1,334m² 308m²

Preferred ScenarioRevised Development Objective 4,500m² 2,000m² 2,500m²

Core Building 1,334 m² OK 1,334 m² 1,334 m²

Secondary Building248 m² OK 248 m² 248 m²

Other Building

60 m² OK 60 m² 60 m²

Open Space parking131 m² 276 m² OK 407 m² 131 m² 276 m²

Roads 800 m² 1,956 m² OK 2,756 m² 800 m² 1,956 m²

Landscaping etc 4,029 m² 2,298 m² 2,472 m² OK 8,799 m² 4,029 m² 2,298 m² 2,472 m²

Total Existing Design ED 4,029 m² 4,563 m² 5,012 m² OK 13,604 m² 4,029 m² 4,563 m² 5,012 m²

Site Analysis (M2) - Existing Design

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 6 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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Proof OK OK OK OK

Site Analysis % - Existing Design

Core Building 10% 29%

Secondary Building2% 5%

Other Building1%

Open Space parking 3% 3% 6%

Roads20% 18% 39%

Landscaping etc 65% 100% 50% 49%

Total Existing Design 100% 100% 100% 100%

Site Coverage % (Gr.Fl. Area c/f Site

Area) Total Existing Design ED 12% 29% 6%

Preferred Scenario (see above) PS

Revised Development Objective DO 33% 44% 50%

Development Strategic Choice See above ED ED ED ED ED

Total For Financial Analysis Purposes 12% 29% 6%

SITE DENSITY (Units per Hectare)

(a) Number of Units Assumed unit size for residential, retail & office is >>>332

333

334

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336

337

338

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(a) Number of Units Assumed unit size for residential, retail & office is >>> 100m²

Total Existing Design ED 59 53 6

Preferred Scenario (see above) PS

Revised Development Objective DO 130 80 50

Development Strategic Choice See above ED ED ED ED ED

Total For Financial Analysis Purposes 59 53 6

(a) Units Per Hectare

Total Existing Design ED 43.4 115.2 12.0

Preferred Scenario (see above) PS

Revised Development Objective DO 95.6 173.9 100.0

Development Strategic Choice See above ED ED ED ED ED

Total For Financial Analysis Purposes 43.4 115.2 12.0

PLOT RATIO (Tot. Fl. Area c/f Site Area)

Total Existing Design ED 0.43 1.17 0.11

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 7 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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Preferred Scenario (see above) PS

Revised Development Objective DO 0.96 1.75 1.00

Development Strategic Choice See above ED ED ED ED ED

Total For Financial Analysis Purposes 0.43 1.17 0.11

Lettable (M2)

Existing Design

Core Building #DIV/0! 2,240 m² OK 2,240 m² 2,240 m²

Secondary Building #DIV/0! 248 m² OK 248 m² 248 m²

Other Building #DIV/0! 30 m² OK 30 m² 30 m²

Undercover Parking #DIV/0! OK

Open Space parking #DIV/0! OK

Roads #DIV/0! OK

Landscaping etc #DIV/0! OK

Total Existing Design ED 2,240 m² 278 m² OK 2,518 m² 2,240 m² 278 m²

Proof OK OK OK OK

Preferred Scenario (see above) PS OK

Revised Development Objective DO 7,200 m² 4,500 m² OK 11,700 m² 7,200 m² 4,500 m²

Development Strategic Choice ED ED ED ED

Total364

365

366

367

368

369

370

371

372

373

374

375

376

377

378

Total 2,240 m² 278 m² OK 2,518 m² 2,240 m² 278 m²

CAR PARKING (Cars)

Existing Design

Undercover Parking 22 cars OK 22 cars 22 cars

Open Space parking 9 cars 19 cars OK 28 cars 9 cars 19 cars

Total ED 31 cars 19 cars OK 50 cars 31 cars 19 cars

Preferred Scenario

Undercover Parking OK

Open Space parking OK

Total PS OK

Revised Development Objective

Undercover Parking OK

Open Space parking OK

Total DO OK

Development Strategic Choice ED ED ED ED

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 8 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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A B C D E F G H I J K L M N

Undercover Parking 22 cars OK 22 cars 22 cars

Open Space parking 9 cars 19 cars OK 28 cars 9 cars 19 cars

Total 31 cars 19 cars OK 50 cars 31 cars 19 cars

Undercover Parking 14.50 m² 14.50 m² 14.50 m² OK 43.50 m² 14.50 m² 14.50 m² 14.50 m²

Open Space parking 14.50 m² 14.50 m² 14.50 m² OK 43.50 m² 14.50 m² 14.50 m² 14.50 m²

Total

Note: may need to buy/rent extra spaces off-site

Construction Cost/m2

Core Building -$ 1,600$ 2,940$ -$

Secondary Building -$ 1,260$ 2,940$ -$

Other Building -$ -$ 1,260$ -$

Undercover Parking -$ 1,373$ -$ -$

Open Space parking -$ 72$ 72$ -$

Roads 400$ 400$ 400$ -$

Landscaping etc 70$ 70$ 70$ -$

Total

CAR PARKING (Av. Area per car) - Existing Design

397

398

399

400

401

402

403

404

405

406

407

408

409

410

411

412

Base Construction Cost

Demolition 20,000$ 20,000$ 20,000$ -$ OK 60,000$ 20,000$ 20,000$ 20,000$ -$

Core Building -$ 6,656,000$ -$ -$ OK 6,656,000$ -$ 6,656,000$ -$ -$

Secondary Building -$ -$ 1,458,240$ -$ OK 1,458,240$ -$ -$ 1,458,240$ -$

Other Building -$ -$ 75,600$ -$ OK 75,600$ -$ -$ 75,600$ -$

Undercover Parking -$ 1,616,021$ -$ -$ OK 1,616,021$ -$ 1,616,021$ -$ -$

Open Space parking -$ 9,432$ 19,872$ -$ OK 29,304$ -$ 9,432$ 19,872$ -$

Roads -$ 320,000$ 782,400$ -$ OK 1,102,400$ -$ 320,000$ 782,400$ -$

Landscaping etc 282,030$ 160,860$ 173,040$ -$ OK 615,930$ 282,030$ 160,860$ 173,040$ -$

Total 302,030$ 8,782,313$ 2,529,152$ -$ OK 11,613,495$ 302,030$ 8,782,313$ 2,529,152$ -$

Contingency %

Demolition 30% 30% 30%

Core Building 30% 30% 30%

Secondary Building 30% 30% 30%

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 9 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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A B C D E F G H I J K L M N

Other Building 30% 30% 30%

Undercover Parking 30% 30% 30%

Open Space parking 30% 30% 30%

Roads 30% 30% 30%

Landscaping etc 30% 30% 30%

Total

Contingency $

Demolition 6,000$ 6,000$ 6,000$ -$ OK 18,000$ 6,000$ 6,000$ 6,000$ -$

Core Building -$ 1,996,800$ -$ -$ OK 1,996,800$ -$ 1,996,800$ -$ -$

Secondary Building -$ -$ 437,472$ -$ OK 437,472$ -$ -$ 437,472$ -$

Other Building -$ -$ 22,680$ -$ OK 22,680$ -$ -$ 22,680$ -$

Undercover Parking -$ 484,806$ -$ -$ OK 484,806$ -$ 484,806$ -$ -$

Open Space parking -$ 2,830$ 5,962$ -$ OK 8,792$ -$ 2,830$ 5,962$ -$

Roads -$ 96,000$ 234,720$ -$ OK 330,720$ -$ 96,000$ 234,720$ -$

Landscaping etc 84,609$ 48,258$ 51,912$ -$ OK 184,779$ 84,609$ 48,258$ 51,912$ -$

Total 90,609$ 2,634,694$ 758,746$ -$ OK 3,484,049$ 90,609$ 2,634,694$ 758,746$ -$

Total Construction Cost

Demolition 1% 26,000$ 26,000$ 26,000$ -$ OK 78,000$ 26,000$ 26,000$ 26,000$ -$

Core Building 57% -$ 8,652,800$ -$ -$ OK 8,652,800$ -$ 8,652,800$ -$ -$ 431

432

433

434

435

436

437

438

439

440

441

442

443

444

445

446

447

448

Core Building 57% -$ 8,652,800$ -$ -$ OK 8,652,800$ -$ 8,652,800$ -$ -$

Secondary Building 13% -$ -$ 1,895,712$ -$ OK 1,895,712$ -$ -$ 1,895,712$ -$

Other Building 1% -$ -$ 98,280$ -$ OK 98,280$ -$ -$ 98,280$ -$

Undercover Parking 14% -$ 2,100,827$ -$ -$ OK 2,100,827$ -$ 2,100,827$ -$ -$

Open Space parking -$ 12,262$ 25,834$ -$ OK 38,096$ -$ 12,262$ 25,834$ -$

Roads 9% -$ 416,000$ 1,017,120$ -$ OK 1,433,120$ -$ 416,000$ 1,017,120$ -$

Landscaping etc 5% 366,639$ 209,118$ 224,952$ -$ OK 800,709$ 366,639$ 209,118$ 224,952$ -$

Total 100% 392,639$ 11,417,007$ 3,287,898$ -$ OK 15,097,544$ 392,639$ 11,417,007$ 3,287,898$ -$

Result is for Scenario Choice >>> ED ED ED ED

Existing

Design

Existing

Design

Existing

Design

Existing

Design

Other Area Calcs for Overheads PurposesFloor Area 5,337 m² 556 m² OK 5,893 m² 5,337 m² 556 m²

Less Lettable 2,240 m² 278 m² OK 2,518 m² 2,240 m² 278 m²

Public Space in Buildings 3,097 m² 278 m² OK 3,375 m² 3,097 m² 278 m²

Open Space Car Parking 131 m² 276 m² OK 407 m² 131 m² 276 m²

Total Public Area 3,228 m² 554 m² OK 3,782 m² 3,228 m² 554 m²

1 2 3 4 5 6 7 8 9 10 11 12 13

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 10 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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A B C D E F G H I J K L M N

Electricity to Public Areas: 1 3,228 m² 554 m² OK 3,782 m² 3,228 m² 554 m²

Caretaking & Cleaning: 2 3,228 m² 554 m² OK 3,782 m² 3,228 m² 554 m²

Security Service: 3 3,228 m² 554 m² OK 3,782 m² 3,228 m² 554 m²

Sundries: 4 3,228 m² 554 m² OK 3,782 m² 3,228 m² 554 m²

Building Repairs & Maintenance: 5 5,337 m² 556 m² OK 5,893 m² 5,337 m² 556 m²

Fire Alarm & Sprinkler Service: 6 5,337 m² 556 m² OK 5,893 m² 5,337 m² 556 m²

Lift Maintenance & Operation: 7 5,337 m² 556 m² OK 5,893 m² 5,337 m² 556 m²

Air Conditioning Maintenance & Operation: 8 5,337 m² 556 m² OK 5,893 m² 5,337 m² 556 m²

Management Fees & Void Allowance: 9 5,337 m² 556 m² OK 5,893 m² 5,337 m² 556 m²

PROJECT TIMETABLECOSTS FIRM TO >>> 01-Mar-11 Mar-11

INSERT START DATE >>> 01-Mar-11 Mar-11

FOR GRAPH

CHOOSE

SHEET NO

>>>

PARK

(MONTHS) APARK

(MONTHS)

AGED

(MONTHS)

OFFICES

(MONTHS) (MONTHS)

Months Duration

Wait to Start: 3.00 3.00 6.00 9.00 3.00

PRELIMINARY SKETCH PLANS: 2.00 2.00 2.00 1.00 2.00

Wait to Apply: 1.00 1.00 1.00 1.00 1.00

DEVELOPMENT APPROVALS: 3.00 3.00 3.00 3.00 3.00

Wait to Design: 1.00 1.00 1.00 1.00 1.00

DESIGN DEVELOPMENT: 2.00 2.00 2.00 2.00 2.00

Wait to Start Tender Process: 1.00 1.00 1.00 1.00 1.00

TENDERS & CONTRACTS: 2.00 2.00 2.00 2.00 2.00

Wait to Start Construction 1.00 1.00 1.00 1.00 1.00

CONSTRUCTION: 2.00 2.00 12.00 12.00 2.00

SALE/HAND-OVER: 3.00 Max 12 3.00 1.00 1.00 3.00

Total Months from Purchase to Completion: 18.0 Mth(s) 31.0 Mth(s) 33.0 Mth(s) 18.0 Mth(s)

Start Month476

477

478

479

480

481

482

483

484

485

486

487

488

489

490

491

492

493

494

495

496

497

498

499

500

501

Start Month

Wait to Start:

PRELIMINARY SKETCH PLANS: 3.00 3.00 6.00 9.00 3.00

Wait to Apply: 5.00 5.00 8.00 10.00 5.00

DEVELOPMENT APPROVALS: 6.00 6.00 9.00 11.00 6.00

Wait to Design: 9.00 9.00 12.00 14.00 9.00

DESIGN DEVELOPMENT: 10.00 10.00 13.00 15.00 10.00

Wait to Start Tender Process: 12.00 12.00 15.00 17.00 12.00

TENDERS & CONTRACTS: 13.00 13.00 16.00 18.00 13.00

Wait to Start Construction 15.00 15.00 18.00 20.00 15.00

CONSTRUCTION: 16.00 16.00 19.00 21.00 16.00

SALE/HAND-OVER: 18.00 18.00 31.00 33.00 18.00

Days

Wait to Start: 90 180 270 90

PRELIMINARY SKETCH PLANS: 60 60 30 60

Wait to Apply: 30 30 30 30

DEVELOPMENT APPROVALS: 90 90 90 90

Wait to Design: 30 30 30 30

DESIGN DEVELOPMENT: 60 60 60 60

Wait to Start Tender Process: 30 30 30 30

TENDERS & CONTRACTS: 60 60 60 60

Wait to Start Construction 30 30 30 30

CONSTRUCTION: 60 360 360 60

SALE/HAND-OVER: 90 30 30 90

Start Date

Wait to Start: 30-May-11 28-Aug-11 26-Nov-11 30-May-11

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 11 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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521

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524

525

526

527

528

529

530

531

532

533

A B C D E F G H I J K L M N

PRELIMINARY SKETCH PLANS: 29-Jul-11 27-Oct-11 26-Dec-11 29-Jul-11

Wait to Apply: 28-Aug-11 26-Nov-11 25-Jan-12 28-Aug-11

DEVELOPMENT APPROVALS: 26-Nov-11 24-Feb-12 24-Apr-12 26-Nov-11

Wait to Design: 26-Dec-11 25-Mar-12 24-May-12 26-Dec-11

DESIGN DEVELOPMENT: 24-Feb-12 24-May-12 23-Jul-12 24-Feb-12

Wait to Start Tender Process: 25-Mar-12 23-Jun-12 22-Aug-12 25-Mar-12

TENDERS & CONTRACTS: 24-May-12 22-Aug-12 21-Oct-12 24-May-12

Wait to Start Construction 23-Jun-12 21-Sep-12 20-Nov-12 23-Jun-12

CONSTRUCTION: 22-Aug-12 16-Sep-13 15-Nov-13 22-Aug-12

SALE/HAND-OVER: 20-Nov-12 16-Oct-13 15-Dec-13 20-Nov-12

Start Month

Wait to Start: May-11 Aug-11 Nov-11 May-11

PRELIMINARY SKETCH PLANS: Jul-11 Oct-11 Dec-11 Jul-11

Wait to Apply: Aug-11 Nov-11 Jan-12 Aug-11

DEVELOPMENT APPROVALS: Nov-11 Feb-12 Apr-12 Nov-11

Wait to Design: Dec-11 Mar-12 May-12 Dec-11

DESIGN DEVELOPMENT: Feb-12 May-12 Jul-12 Feb-12

Wait to Start Tender Process: Mar-12 Jun-12 Aug-12 Mar-12

TENDERS & CONTRACTS: May-12 Aug-12 Oct-12 May-12

Wait to Start Construction Jun-12 Sep-12 Nov-12 Jun-12

CONSTRUCTION: Aug-12 Sep-13 Nov-13 Aug-12

SALE/HAND-OVER: Nov-12 Oct-13 Dec-13 Nov-12

0 3 6 9 12 15 18 21 24

Wait to Start:

PRELIMINARY SKETCH PLANS:

PARK (MONTHS)

533

534

535

536

537

538

539

540

541

542

543

544

545

546

547

548

549

550

551

552

553

554

555

556

557

558

TOTAL PARK AGED OFFICES

CAPITAL EXPENDITURELAND COSTS �

Land Purchase Price: 742,222$ 840,596$ 923,311$ -$ OK $ 2,506,129 $ 742,222 $ 840,596 $ 923,311 $ -

29.6% 33.5% 36.8% 100.0% 29.62% 33.54% 36.84%

Other Land Costs:

PRELIMINARY SKETCH PLANS:

Wait to Apply:

DEVELOPMENT APPROVALS:

Wait to Design:

DESIGN DEVELOPMENT:

Wait to Start Tender Process:

TENDERS & CONTRACTS:

Wait to Start Construction

CONSTRUCTION:

SALE/HAND-OVER:

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 12 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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566

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569

570

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572

573

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578

579

580

581

582

583

584

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588

A B C D E F G H I J K L M N

Stamp Duty: On First 1,000,000$ 41,330$

Stamp Duty: Remaining 1,507,000$ 75,350$

Stamp Duty: Total 34,561$ 39,134$ 42,985$ -$ OK 116,680$ $ 34,561 $ 39,134 $ 42,985 $ -

Legal Costs: 4.50% 33,404$ 37,825$ 41,547$ -$ OK 112,776$ $ 33,404 $ 37,825 $ 41,547 $ -

Soil Tests: 2,962$ 3,354$ 3,684$ -$ OK 10,000$ $ 2,962 $ 3,354 $ 3,684 $ -

Land Surveyor's Fees: 2,962$ 3,354$ 3,684$ -$ OK 10,000$ $ 2,962 $ 3,354 $ 3,684 $ -

Other Land Costs: 73,889$ 83,667$ 91,900$ -$ OK 249,456$ 73,889$ 83,667$ 91,900$ -$

816,111$ 924,263$ 1,015,211$ -$ OK 2,755,585$ 816,111$ 924,263$ 1,015,211$ -$

BUILDING COSTS �

Contract Price: 392,639$ 11,417,007$ 3,287,898$ -$ OK 15,097,544$ 392,639$ 11,417,007$ 3,287,898$ -$

Escalation on Contract Price From Sheets 27,642$ 1,591,531$ 499,103$ -$ OK 2,118,276$ 27,642$ 1,591,531$ 499,103$ -$

Estimated Construction Cost 420,281$ 13,008,538$ 3,787,001$ -$ OK 17,215,820$ 420,281$ 13,008,538$ 3,787,001$ -$

Fees (Escalated):

Architects Fees: 9.00% 37,825$ 1,170,768$ 340,830$ -$ OK 1,549,423$ 37,825$ 1,170,768$ 340,830$ -$

Structural Engineers Fees: 4.50% 18,913$ 585,384$ 170,415$ -$ OK 774,712$ 18,913$ 585,384$ 170,415$ -$

Electrical Engineers Fees: 4.50% 18,913$ 585,384$ 170,415$ -$ OK 774,712$ 18,913$ 585,384$ 170,415$ -$

Mechanical & Lift Engineers Fees: 4.50% 18,913$ 585,384$ 170,415$ -$ OK 774,712$ 18,913$ 585,384$ 170,415$ -$

Hydraulic Engineers Fees: 4.50% 18,913$ 585,384$ 170,415$ -$ OK 774,712$ 18,913$ 585,384$ 170,415$ -$

Landscape Architects Fees: 4.50% 18,913$ 585,384$ 170,415$ -$ OK 774,712$ 18,913$ 585,384$ 170,415$ -$

Quantity Surveyors Fees: 4.50% 18,913$ 585,384$ 170,415$ -$ OK 774,712$ 18,913$ 585,384$ 170,415$ -$

Specialist Consultants Fees: 4.50% 18,913$ 585,384$ 170,415$ -$ OK 774,712$ 18,913$ 585,384$ 170,415$ -$

Project Management Fees: 4.50% 18,913$ 585,384$ 170,415$ -$ OK 774,712$ 18,913$ 585,384$ 170,415$ -$

Local Council & Planning Authority Fees: 1.40% 5,884$ 182,120$ 53,018$ -$ OK 241,022$ 5,884$ 182,120$ 53,018$ -$

Sub-Total 195,013$ 6,035,960$ 1,757,168$ -$ OK 7,988,141$ 195,013$ 6,035,960$ 1,757,168$ -$

TOTAL 615,294$ 19,044,498$ 5,544,169$ -$ OK 25,203,961$ 615,294$ 19,044,498$ 5,544,169$ -$

RATES & TAXES �

Council Rates: 0.005109 ¢ 41,933$ 47,483$ 52,155$ -$ OK 141,571$ 41,933$ 47,483$ 52,155$ -$

Land Tax:On First 1,000,000$ 12,425$

Land Tax:On Remaining 1,507,000$ 60,280$

589

590

591

592

593

594

595

596

597

598

599

600

601

602

603

604

605

606

607

608

609

610

611

612

613

614

Land Tax:Total 21,535$ 24,385$ 26,785$ -$ OK 72,705$ 21,535$ 24,385$ 26,785$ -$

Water: 0.005350 ¢ 43,911$ 49,723$ 54,615$ -$ OK 148,249$ 43,911$ 49,723$ 54,615$ -$

Sewerage: 0.006475 ¢ 53,145$ 60,178$ 66,099$ 1$ OK 179,423$ 53,145$ 60,178$ 66,099$ -$

Drainage: * Not applicable -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Other Levies (Catchment & ESL): 14,774$ 16,729$ 18,375$ -$ OK 49,878$ 14,774$ 16,729$ 18,375$ -$

Annual Rates & Taxes Cost: 175,298$ 198,498$ 218,029$ 1$ OK 591,826$ 175,298$ 198,498$ 218,029$ -$

Monthly Rates & Taxes Cost: 14,608$ 16,542$ 18,169$ -$ OK 49,319$ 14,608$ 16,542$ 18,169$ -$

Planning & Construction Time: 15 Mth(s) 25 Mth(s) 24 Mth(s) 15 Mth(s)

TOTAL 219,120$ 413,550$ 436,056$ -$ OK 1,068,726$ 219,120$ 413,550$ 436,056$ -$

INTEREST �

Interest Rate (pa): 9.00% 9.00% 9.00%TOTAL (see below) 1,725,311$ 149,835$ 1,071,881$ 503,595$ -$

SUNDRY EXPENSES �

Owner's Moving Expenses: 9,000$ 9,000$ 9,000$ -$ OK 27,000$ 9,000$ 9,000$ 9,000$ -$

Furnishings: 250,000$ 250,000$ 250,000$ -$ OK 750,000$ 250,000$ 250,000$ 250,000$ -$

Market Studies: 9,000$ 9,000$ 9,000$ -$ OK 27,000$ 9,000$ 9,000$ 9,000$ -$

Advertising & Signs: 9,000$ 9,000$ 9,000$ -$ OK 27,000$ 9,000$ 9,000$ 9,000$ -$

Property Department's Costs: 9,000$ 9,000$ 9,000$ -$ OK 27,000$ 9,000$ 9,000$ 9,000$ -$

Owner's Overhead Expenses: 9,000$ 9,000$ 9,000$ -$ OK 27,000$ 9,000$ 9,000$ 9,000$ -$

Letting Agents Fees: 9,000$ 9,000$ 9,000$ -$ OK 27,000$ 9,000$ 9,000$ 9,000$ -$

Tenant Inducements: 9,000$ 9,000$ 9,000$ -$ OK 27,000$ 9,000$ 9,000$ 9,000$ -$

Contingency: -$ -$ -$ -$ OK -$ -$ -$ -$ -$

TOTAL 313,000$ 313,000$ 313,000$ -$ OK 939,000$ 313,000$ 313,000$ 313,000$ -$

TOTAL CAPITAL EXPENDITURE: 31,692,583$ 2,113,360$ 21,767,192$ 7,812,031$ -$

TOTAL CAPITAL EXPENDITURE: $'M 31.7$ 2.1$ 21.8$ 7.8$ -$

DEVELOPMENT P&L

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 13 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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623

624

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631

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635

636

637

638

639

640

641

642

643

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A B C D E F G H I J K L M N

SALE PRICE � 2,277,689$ 24,006,561$ 8,477,786$ -$ OK 34,762,036$ 2,277,689$ 24,006,561$ 8,477,786$ -$

LESS DEVELOPMENT COSTS

Land Costs: Capex 816,111$ 924,263$ 1,015,211$ -$ OK 2,755,585$ 816,111$ 924,263$ 1,015,211$ -$

Building & Development: Capex 615,294$ 19,044,498$ 5,544,169$ -$ OK 25,203,961$ 615,294$ 19,044,498$ 5,544,169$ -$

Rates & Taxes (Construct): Capex 219,120$ 413,550$ 436,056$ -$ OK 1,068,726$ 219,120$ 413,550$ 436,056$ -$

Other Expenses: Capex 313,000$ 313,000$ 313,000$ -$ OK 939,000$ 313,000$ 313,000$ 313,000$ -$

Total Development Cost (exc. Interest): 1,963,525$ 20,695,311$ 7,308,436$ -$ OK 29,967,272$ 1,963,525$ 20,695,311$ 7,308,436$ -$

Developers Margin % 16% 16% 16%

Developers Margin $ 314,164$ 3,311,250$ 1,169,350$ -$ OK 4,794,764$ 314,164$ 3,311,250$ 1,169,350$ -$

GM % 14% 14% 14% 14%

LESS OTHER COSTS 2

Interest Cost on Development period Capex 149,835$ 1,071,881$ 503,595$ -$ OK 1,725,311$ 149,835$ 1,071,881$ 503,595$ -$

Mths to sell See program 3.00 1.00 1.00 3.00

Council Rates: 10,483$ 3,957$ 4,346$ -$ OK 18,786$ 10,483$ 3,957$ 4,346$ -$

Land Tax: 5,384$ 2,032$ 2,232$ -$ OK 9,648$ 5,384$ 2,032$ 2,232$ -$

Water & Sewerage Rates: 24,264$ 9,158$ 10,060$ -$ OK 43,482$ 24,264$ 9,158$ 10,060$ -$

Insurance (after handover): 0.10% Per Month 6,833$ 24,007$ 8,478$ -$ OK 39,318$ 6,833$ 24,007$ 8,478$ -$

Security Service (after handover): 0.05% Per Month 3,417$ 12,003$ 4,239$ -$ OK 19,659$ 3,417$ 12,003$ 4,239$ -$

Agents Fees: 1.00% 22,777$ 240,066$ 84,778$ -$ OK 347,621$ 22,777$ 240,066$ 84,778$ -$

Interest Cost on Selling period 47,551$ 163,254$ 58,590$ -$ OK 269,395$ 47,551$ 163,254$ 58,590$ -$

270,544$ 1,526,358$ 676,318$ -$ OK 2,473,220$ 270,544$ 1,526,358$ 676,318$ -$

% Revenue 7.1% 11.9% 6.4% 8.0%

NET MARGIN 43,620$ 1,784,892$ 493,032$ -$ OK 2,321,544$ 43,620$ 1,784,892$ 493,032$ -$

NET MARGIN - $'M 2.3$ -$ 1.8$ 0.5$ -$

Net Margin /Revenue 7% 2% 7% 6%

Net Margin /Capex 7% 2% 8% 6%

Net Margin /Total Cost 7% 2% 8% 6% #DIV/0!

Total Capex 2,113,360$ 21,767,192$ 7,812,031$ -$ OK 31,692,583$ 2,113,360$ 21,767,192$ 7,812,031$ -$

Proof OK OK OK OK OK

FINANCINGValuation %

Land Costs: 100% 100% 100%646

647

648

649

650

651

652

653

654

655

656

657

658

659

660

661

662

663

664

665

666

667

668

669

670

671

672

Land Costs: 100% 100% 100%

Building & Development: Contract price 100% 100% 100%

Building & Development: Escalation

Building & Development: Professional Fees 100% 100% 100%

Rates & Taxes (Construct):

Other Expenses (Development):

Other Costs (Interest & Selling Costs):

Valuation $

Land Costs: 816,111$ 924,263$ 1,015,211$ -$ OK 2,755,585$ 816,111$ 924,263$ 1,015,211$ -$

Building & Development: Contract price 392,639$ 11,417,007$ 3,287,898$ -$ OK 15,097,544$ 392,639$ 11,417,007$ 3,287,898$ -$

Building & Development: Escalation -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Building & Development: Professional Fees 195,013$ 6,035,960$ 1,757,168$ -$ OK 7,988,141$ 195,013$ 6,035,960$ 1,757,168$ -$

Rates & Taxes (Construct): -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Other Expenses (Development): -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Other Costs (Interest & Selling Costs): -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Borrowing %

Land Costs: 100% 100% 100%

Building & Development: Contract price 100% 100% 100%

Building & Development: Escalation

Building & Development: Professional Fees 100% 100% 100%

Rates & Taxes (Construct):

Other Expenses (Development):

Other Costs (Interest & Selling Costs):

Borrowing $

Land Costs: 816,111$ 924,263$ 1,015,211$ -$ OK 2,755,585$ 816,111$ 924,263$ 1,015,211$ -$

Building & Development: Contract price 392,639$ 11,417,007$ 3,287,898$ -$ OK 15,097,544$ 392,639$ 11,417,007$ 3,287,898$ -$

Building & Development: Escalation -$ -$ -$ -$ OK -$ -$ -$ -$ -$

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 14 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

673

674

675

676

677

678

679

680

681

682

683

684

685

686

687

688

689

690

691

692

693

694

695

696

697

698

699

700

701

702

703

704

A B C D E F G H I J K L M N

Building & Development: Professional Fees 195,013$ 6,035,960$ 1,757,168$ -$ OK 7,988,141$ 195,013$ 6,035,960$ 1,757,168$ -$

Rates & Taxes (Construct): -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Other Expenses (Development): -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Other Costs (Interest & Selling Costs): -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Total 1,403,763$ 18,377,230$ 6,060,277$ -$ OK 25,841,270$ 1,403,763$ 18,377,230$ 6,060,277$ -$

Average Borrowing/Capex % 82% 66% 84% 78%

Assumed Average Borrowing/Capex % Change to = above line (this routine avoids circular N/A cells) 100% 100% 100% 100%

Borrowing - % Mix

Land Costs: 11% 58% 5% 17%

Building & Development: Contract price 58% 28% 62% 54%

Building & Development: Escalation

Building & Development: Professional Fees 31% 14% 33% 29%

Rates & Taxes (Construct):

Other Expenses (Development):

Other Costs (Interest & Selling Costs):

Total 100% 100% 100% 100%

Interest Calculations (based on Sheet Cash Flow)

Land Costs: 86,904$ 53,594$ 85,611$ -$ OK 226,109$ 86,904$ 53,594$ 85,611$ -$

Building & Development: Contract price 41,954$ 664,566$ 271,941$ -$ OK 978,461$ 41,954$ 664,566$ 271,941$ -$

Building & Development: Escalation -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Building & Development: Professional Fees 20,977$ 353,721$ 146,043$ -$ OK 520,741$ 20,977$ 353,721$ 146,043$ -$

Rates & Taxes (Construct): -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Other Expenses (Development): -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Other Costs (Interest & Selling Costs): -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Total 149,835$ 1,071,881$ 503,595$ -$ OK 1,725,311$ 149,835$ 1,071,881$ 503,595$ -$

Equity $

Land Costs: -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Building & Development: Contract price -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Building & Development: Escalation 27,642$ 1,591,531$ 499,103$ -$ OK 2,118,276$ 27,642$ 1,591,531$ 499,103$ -$

Building & Development: Professional Fees -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Rates & Taxes (Construct): 219,120$ 413,550$ 436,056$ -$ OK 1,068,726$ 219,120$ 413,550$ 436,056$ -$

Other Expenses (Development): 313,000$ 313,000$ 313,000$ -$ OK 939,000$ 313,000$ 313,000$ 313,000$ -$

705

706

707

708

709

710

711

712

713

714

715

716

717

718

719

720

721

722

723

724

725

726

727

728

729

730

Other Costs (Interest & Selling Costs): 270,544$ 1,526,358$ 676,318$ -$ OK 2,473,220$ 270,544$ 1,526,358$ 676,318$ -$

Total 830,306$ 3,844,439$ 1,924,477$ -$ OK 6,599,222$ 830,306$ 3,844,439$ 1,924,477$ -$

Total Funding (Borrowing & Equity)

Land Costs: 816,111$ 924,263$ 1,015,211$ -$ OK 2,755,585$ 816,111$ 924,263$ 1,015,211$ -$

Building & Development: Contract price 392,639$ 11,417,007$ 3,287,898$ -$ OK 15,097,544$ 392,639$ 11,417,007$ 3,287,898$ -$

Building & Development: Escalation 27,642$ 1,591,531$ 499,103$ -$ OK 2,118,276$ 27,642$ 1,591,531$ 499,103$ -$

Building & Development: Professional Fees 195,013$ 6,035,960$ 1,757,168$ -$ OK 7,988,141$ 195,013$ 6,035,960$ 1,757,168$ -$

Rates & Taxes (Construct): 219,120$ 413,550$ 436,056$ -$ OK 1,068,726$ 219,120$ 413,550$ 436,056$ -$

Other Expenses (Development): 313,000$ 313,000$ 313,000$ -$ OK 939,000$ 313,000$ 313,000$ 313,000$ -$

Other Costs (Interest & Selling Costs): 270,544$ 1,526,358$ 676,318$ -$ OK 2,473,220$ 270,544$ 1,526,358$ 676,318$ -$

Total 2,234,069$ 22,221,669$ 7,984,754$ -$ OK 32,440,492$ 2,234,069$ 22,221,669$ 7,984,754$ -$

32,440,492$ 2,234,069$ 22,221,669$ 7,984,754$ -$

Proof OK OK OK OK OK

Diff -$ -$ -$ -$ -$

PRICE BREAKDOWNSALE PRICE � 2,277,689$ 24,006,561$ 8,477,786$ -$ OK 34,762,036$ 2,277,689$ 24,006,561$ 8,477,786$ -$

LESS DEVELOPMENT COSTS

Land Costs: 831,371$ 1,005,362$ 1,090,070$ -$ OK 2,926,803$ 831,371$ 1,005,362$ 1,090,070$ -$

Building & Development: Contract price 400,492$ 12,330,368$ 3,485,172$ -$ OK 16,216,032$ 400,492$ 12,330,368$ 3,485,172$ -$

Building & Development: Escalation 28,195$ 1,718,853$ 529,049$ -$ OK 2,276,097$ 28,195$ 1,718,853$ 529,049$ -$

Building & Development: Professional Fees 198,913$ 6,518,837$ 1,862,598$ -$ OK 8,580,348$ 198,913$ 6,518,837$ 1,862,598$ -$

Rates & Taxes (Construct): 223,502$ 446,634$ 462,219$ -$ OK 1,132,355$ 223,502$ 446,634$ 462,219$ -$

Other Expenses: 319,260$ 338,040$ 331,780$ -$ OK 989,080$ 319,260$ 338,040$ 331,780$ -$

Interest Cost on Development period 152,832$ 1,157,631$ 533,811$ -$ OK 1,844,274$ 152,832$ 1,157,631$ 533,811$ -$

Council Rates: 10,693$ 4,274$ 4,607$ -$ OK 19,574$ 10,693$ 4,274$ 4,607$ -$

Land Tax: 5,492$ 2,195$ 2,366$ -$ OK 10,053$ 5,492$ 2,195$ 2,366$ -$

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 15 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

731

732

733

734735

736

737

738

739

740

741

742

743

744

745

746

747

748

749

750

751

752

753

754

755

756

757

758

759

A B C D E F G H I J K L M N

Water & Sewerage Rates: 24,749$ 9,891$ 10,664$ -$ OK 45,304$ 24,749$ 9,891$ 10,664$ -$

Insurance: 6,970$ 25,928$ 8,987$ -$ OK 41,885$ 6,970$ 25,928$ 8,987$ -$

Security Service: 3,485$ 12,963$ 4,493$ -$ OK 20,941$ 3,485$ 12,963$ 4,493$ -$

Agents Fees: 23,233$ 259,271$ 89,865$ -$ OK 372,369$ 23,233$ 259,271$ 89,865$ -$ Interest Cost on Selling period 48,502$ 176,314$ 62,105$ -$ OK 286,921$ 48,502$ 176,314$ 62,105$ -$

Total 2,277,689$ 24,006,561$ 8,477,786$ -$ OK 34,762,036$ 2,277,689$ 24,006,561$ 8,477,786$ -$

Proof -$ -$ -$ -$ -$

ESCALATIONPeriod: Start Month End Month PA P/Month

Year: Year 1 Mth 3 Mth 14 5.00% 0.42%

Year 2 Mth 15 Mth 26 6.00% 0.50%

Year 3 Mth 27 Mth 38 7.00% 0.58%

Cum

DISCOUNT FACTOR FOR NPV/IRR 7.00%pa 7.00% 7.00% 7.00% 7.00% 7.00%

DEVELOPMENT P&L & CASH FLOWSALE PRICE (CASH INFLOW)

LESS DEVELOPMENT COSTS

Land Purchase:

Other Land Costs:

Building Costs

Escalation:

Fees:

Rates & Taxes (Construct):

Sundry Expenses:

Total Development Cost (exc. Interest):

Developers Margin

GM %759

760

761

762

763

764

765

766

767

768

769

770

771

772

773

774

775

776

777

778

779

780

781

782

GM %

LESS OTHER COSTS

Interest Cost

Mths to sell

Council Rates:

Land Tax:

Water & Sewerage Rates:

Insurance:

Security Service:

Agents Fees:

Total Other Cost:

% Revenue

Total Costs

NET MARGIN

Net Margin /Revenue

Net Margin /Total Costs

Total Cash Outflow

Net Cash Flow (pre-funding & interest)

c/f Components

Proof/Diff

#DIV/0!

Net Present Value (NPV) @ 7% 7.00% $2,007,428

Net Present Value (NPV) @ 7.5% 7.50% 0.50% $4,046,850

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 16 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

783

784

785

786

787

788

789

790

791

792

793

794

795

796

797

798

799

800

801

802

803

A B C D E F G H I J K L M N

Net Present Value (NPV) @ 7% 7.00% $2,007,447

Net Present Value (NPV) @ 8.5% 8.50% 1.50% $4,046,850

Net Present Value (NPV) @ 9% 9.00% 2.00% $1,507,556

Proof

Diff

c/f Components $2,007,447 29,223$ 1,573,098$ 405,126$ -$

c/f Components - $'m $2.0 -$ 1.6$ 0.4$ -$

Diff

Other Cash Inflow Items

Equity

Borrowings

Sub-Total

Other Cash Outflow Items

Repayment of Borrowings

Repayment of Interest

Sub-Total

Final Net cash Flow

Bank at Beginning

Bank at End

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 17 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

804

805

806

807

808

809

810

811

812

813

814

815

816

817

818

819

820

821

822

823

824

825

826

827

828

829

830

831

832

833

834

835

A B C D E F G H I J K L M N

OPERATING P&L and CASH FLOW - YEAR 1INCOME �

Car Parking Income -$ 12,896$ 7,904$ -$ OK 20,800$ -$ 12,896$ 7,904$ -$

Rent Income -$ 201,600$ 25,020$ -$ OK 226,620$ -$ 201,600$ 25,020$ -$

Accommodation Revenue -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Total Other Income -$ -$ -$ -$ OK -$ -$ -$ -$ -$

TOTAL ANNUAL INCOME: -$ 214,496$ 32,924$ -$ OK 247,420$ -$ 214,496$ 32,924$ -$

Less Variable Costs

1. Cost of Goods Sold

Opening Stock -$ -$ -$ -$

Purchases -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Less Closing Stock -$ -$ -$ -$

Cost of Goods Sold -$ -$ -$ -$ OK -$ -$ -$ -$ -$

2. Other Variable Costs

Labour -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Other -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Other Variable Costs -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Total Variable Costs -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Gross Margin/Contribution -$ 214,496$ 32,924$ -$ OK 247,420$ -$ 214,496$ 32,924$ -$

Gross Margin % 100% 100%

Less Overheads

GENERAL

Council Rates: 41,933$ 47,483$ 52,155$ -$ OK 141,571$ 41,933$ 47,483$ 52,155$ -$

Land Tax: 43,911$ 49,723$ 54,615$ -$ OK 148,249$ 43,911$ 49,723$ 54,615$ -$

Water & Sewerage: 53,145$ 60,178$ 66,099$ 1$ OK 179,423$ 53,145$ 60,178$ 66,099$ -$

Drainage: -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Other Levies (Drainage & ESL): 14,774$ 16,729$ 18,375$ -$ OK 49,878$ 14,774$ 16,729$ 18,375$ -$

Insurances on Development Value (Insert %) 14,805$ 156,043$ 55,106$ -$ OK 225,954$ 14,805$ 156,043$ 55,106$ -$

Electricity to Public Areas: -$ 42,448$ 7,285$ -$ OK 49,733$ -$ 42,448$ 7,285$ -$

Other Overheads -$ -$ -$ -$ OK -$ -$ -$ -$

Caretaking & Cleaning: -$ 452$ 78$ -$ OK 530$ -$ 452$ 78$ -$ 835

836

837

838

839

840

841

842

843

844

845

846

847

848

849

850

851

852

853

854

855

856

857

858

859

860

861

Caretaking & Cleaning: -$ 452$ 78$ -$ OK 530$ -$ 452$ 78$ -$

Security Service: -$ 452$ 78$ -$ OK 530$ -$ 452$ 78$ -$

Sundries: -$ 452$ 78$ -$ OK 530$ -$ 452$ 78$ -$

Building Repairs & Maintenance: -$ 747$ 78$ -$ OK 825$ -$ 747$ 78$ -$

Fire Alarm & Sprinkler Service: -$ 747$ 78$ -$ OK 825$ -$ 747$ 78$ -$

Lift Maintenance & Operation: -$ 747$ 78$ -$ OK 825$ -$ 747$ 78$ -$

Air Conditioning Maintenance & Operation: -$ 747$ 78$ -$ OK 825$ -$ 747$ 78$ -$

Management Fees & Void Allowance: -$ 747$ 78$ -$ OK 825$ -$ 747$ 78$ -$

Sub-Total 168,568$ 377,695$ 254,259$ 1$ OK 800,523$ 168,568$ 377,695$ 254,259$ -$

Contingency - %

- $ 15,171$ 33,993$ 22,883$ -$ OK 72,047$ 15,171$ 33,993$ 22,883$ -$

Overheads (exc provisions) 183,739$ 411,688$ 277,142$ 1$ OK 872,570$ 183,739$ 411,688$ 277,142$ -$

INTEREST 102,496$ 1,080,295$ 381,500$ -$ OK 1,564,291$ 102,496$ 1,080,295$ 381,500$ -$

PROVISIONS

Depreciation (see below): 48,370$ 493,526$ 180,492$ -$ OK 722,388$ 48370 493526 180492

Building & Plant Maintenance: 26,146$ 266,771$ 97,564$ -$ OK 390,481$ 26146 266771 97564

74,516$ 760,297$ 278,056$ -$ OK 1,112,869$ 74516 760297 278056

TOTAL OVERHEADS: 360,751$ 2,252,280$ 936,698$ 1$ OK 3,549,730$ 360,751$ 2,252,280$ 936,698$ -$

NET ANNUAL INCOME: 360,751-$ 2,037,784-$ 903,774-$ 1-$ OK 3,302,310-$ 360,751-$ 2,037,784-$ 903,774-$ -$

ANNUAL RETURN: Negative -950% -2745% Negative

CAPITALISATION RATE: 11% 11% 11% 11%

ESTIMATED VALUE: 3,279,555-$ 18,525,309-$ 8,216,127-$ 9-$ OK 30,021,000-$ 3,279,555-$ 18,525,309-$ 8,216,127-$ -$

CASH INFLOW - TOTAL 10 YEARSCapital 2,000,000$ 1,000,000$ 1,000,000$ -$ OK 4,000,000$ 2,000,000$ 1,000,000$ 1,000,000$ -$

Borrowings 1,366,613$ 14,403,937$ 5,086,672$ -$ OK 20,857,222$ 1,366,613$ 14,403,937$ 5,086,672$ -$

Revenue 11,648$ 2,122,912$ 269,752$ -$ OK 2,404,312$ 11,648$ 2,122,912$ 269,752$ -$

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 18 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

862

863

864

865

866

867

868

869

870

871

872

873

874

875

876

877

878

879

880

881

882

883

884

885

886

887

888

889

890

891

892

893

A B C D E F G H I J K L M N

TOTAL CASH INFLOW 3,378,261$ 17,526,849$ 6,356,424$ -$ OK 27,261,534$ 3,378,261$ 17,526,849$ 6,356,424$ -$

CASH OUTFLOW - TOTAL 10 YEARSInvestment -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Variable Costs -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Overheads (less provisions) 1,974,051$ 5,557,273$ 3,280,087$ 10$ OK 10,811,421$ 1,974,051$ 5,557,273$ 3,280,087$ -$

Tax -$ -$ -$ -$ OK -$ -$ -$ -$ -$

Repay Loan 1,366,614$ 14,403,938$ 5,086,672$ -$ OK 20,857,224$ 1,366,614$ 14,403,938$ 5,086,672$ -$

TOTAL CASH OUTFLOW 3,340,665$ 19,961,211$ 8,366,759$ 10$ OK 31,668,645$ 3,340,665$ 19,961,211$ 8,366,759$ -$

NET CASH FLOW PER YEAR 37,596$ 2,434,362-$ 2,010,335-$ 10-$ OK 4,407,111-$ 37,596$ 2,434,362-$ 2,010,335-$ -$

NET CUMULATIVE CASH FLOW -$ -$ -$ -$

-$ -$ -$ -$

Net Operating Cash Flow 1,962,403-$ 3,434,361-$ 3,010,335-$ 10-$ OK 8,407,109-$ 1,962,403-$ 3,434,361-$ 3,010,335-$ -$

BALANCE SHEET - YEAR 1CURRENT ASSETS

CASH AT BANK 2,397,071$ 6,924,481$ 2,917,618$ -$ OK 12,239,170$ 2,397,071$ 6,924,481$ 2,917,618$ -$

STOCK ETC. -$ -$ -$ -$ OK -$ -$ -$ -$ -$

TOTAL CURRENT ASSETS 2,397,071$ 6,924,481$ 2,917,618$ -$ OK 12,239,170$ 2,397,071$ 6,924,481$ 2,917,618$ -$

FIXED ASSETS

LAND 1,231,863$ 13,335,730$ 4,575,242$ -$ OK 19,142,835$ 1,231,863$ 13,335,730$ 4,575,242$ -$

BUILDINGS 679,787$ 6,936,040$ 2,536,654$ -$ OK 10,152,481$ 679,787$ 6,936,040$ 2,536,654$ -$

LESS PROV.FOR DEPRECIATION 16,995$ 173,401$ 63,416$ -$ OK 253,812$ 16,995$ 173,401$ 63,416$ -$

BUILDINGS-WDV 662,792$ 6,762,639$ 2,473,238$ -$ OK 9,898,669$ 662,792$ 6,762,639$ 2,473,238$ -$

PLANT & EQUIPMENT 209,165$ 2,134,166$ 780,509$ -$ OK 3,123,840$ 209,165$ 2,134,166$ 780,509$ -$

LESS PROV.FOR DEPRECIATION 16,733$ 170,733$ 62,441$ -$ OK 249,907$ 16,733$ 170,733$ 62,441$ -$

PLANT & EQUIPMENT-WDV 192,432$ 1,963,433$ 718,068$ -$ OK 2,873,933$ 192,432$ 1,963,433$ 718,068$ -$

FURNITURE & FITTINGS 52,291$ 533,542$ 195,127$ -$ OK 780,960$ 52,291$ 533,542$ 195,127$ -$

LESS PROV.FOR DEPRECIATION 6,275$ 64,025$ 23,415$ -$ OK 93,715$ 6,275$ 64,025$ 23,415$ -$

FURNITURE & FITTINGS-WDV 46,016$ 469,517$ 171,712$ -$ OK 687,245$ 46,016$ 469,517$ 171,712$ -$

OTHER 104,583$ 1,067,083$ 390,254$ -$ OK 1,561,920$ 104,583$ 1,067,083$ 390,254$ -$

LESS PROV.FOR DEPRECIATION 8,367$ 85,367$ 31,220$ -$ OK 124,954$ 8,367$ 85,367$ 31,220$ -$ 893

894

895

896

897

898

899

900

901

902

903

904

905

906

907

908

909

910

911

912

913

914

915

916

917

918

LESS PROV.FOR DEPRECIATION 8,367$ 85,367$ 31,220$ -$ OK 124,954$ 8,367$ 85,367$ 31,220$ -$

OTHER -WDV 96,216$ 981,716$ 359,034$ -$ OK 1,436,966$ 96,216$ 981,716$ 359,034$ -$

TOTAL FIXED ASSETS 2,229,319$ 23,513,035$ 8,297,294$ -$ OK 34,039,648$ 2,229,319$ 23,513,035$ 8,297,294$ -$

TOTAL ASSETS 4,626,390$ 30,437,516$ 11,214,912$ -$ OK 46,278,818$ 4,626,390$ 30,437,516$ 11,214,912$ -$

CURRENT LIABILITIES

BANK OVERDRAFT -$ -$ -$ 1$ OK 1$ -$ -$ -$ -$

PROVISION FOR BUILDING MAINTENANCE 26,146$ 266,771$ 97,564$ -$ OK 390,481$ 26,146$ 266,771$ 97,564$ -$

TOTAL CURRENT LIABILITIES 26,146$ 266,771$ 97,564$ 1$ OK 390,482$ 26,146$ 266,771$ 97,564$ -$

LONG-TERM BORROWINGS 683,306$ 7,201,968$ 2,543,336$ -$ OK 10,428,610$ 683,306$ 7,201,968$ 2,543,336$ -$

CAPITAL AT BEGINNING 4,277,689$ 25,006,561$ 9,477,786$ -$ OK 38,762,036$ 4,277,689$ 25,006,561$ 9,477,786$ -$

RETAINED PROFITS 360,751-$ 2,037,784-$ 903,774-$ 1-$ OK 3,302,310-$ 360,751-$ 2,037,784-$ 903,774-$ -$

TOTAL LIABILITIES 4,626,390$ 30,437,516$ 11,214,912$ -$ OK 46,278,818$ 4,626,390$ 30,437,516$ 11,214,912$ -$

DIFF -$ -$ -$ -$

RATIOSLIQUIDITY (C.ASSETS/C.LIBS) 91.7 91.7 91.7 91.7 91.7 91.7 26 29.9 #DIV/0!

PROFITABILITY

-NET PROFIT (after tax) 360,751-$ 360,751-$ 360,751-$ 360,751-$ 360,751-$ 360,751-$ 2,037,784-$ 903,774-$ -$

-AV.CAPITAL FOR YEAR 1,958,469$ 1,958,469$ 1,958,469$ 1,958,469$ 1,958,469$ 1,958,469$ 11,484,389$ 4,287,006$ -$

-ROI P.A -18.4% -18.4% -18.4% -18.4% -18.4% -18.4% -17.7% -21.1% #DIV/0!

SECURITY

-AV.L/TERM BORR.FOR YEAR 1,024,960$ 1,024,960$ 1,024,960$ 1,024,960$ 1,024,960$ 1,024,960$ 10,802,953$ 3,815,004$ -$

-L.T DEBT/EQUITY RATIO 0.52 0.52 0.52 0.52 0.52 0.52 0.94 0.89 #DIV/0!

FUNDS STATEMENTSOURCE OF FUNDS

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 19 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

919

920

921

922

923

924

925

926

927

928

929

930

931

932

933

934

935

936

937

938

939

940

941

942

943

944

945

946

947

948

949

950

A B C D E F G H I J K L M N

NET PROFIT FOR YEAR(A/TAX) 360,751-$ 2,037,784-$ 903,774-$ 1-$ OK 3,302,310-$ 360,751-$ 2,037,784-$ 903,774-$ -$

ADD BACK DEPRECIATION 48,370$ 493,526$ 180,492$ -$ OK 722,388$ 48,370$ 493,526$ 180,492$ -$

ADD BACK PROVISION FOR BUILDING MAINTENANCE 26,146$ 266,771$ 97,564$ -$ OK 390,481$ 26,146$ 266,771$ 97,564$ -$

FUNDS FROM OPERATIONS 286,235-$ 1,277,487-$ 625,718-$ 1-$ OK 2,189,441-$ 286,235-$ 1,277,487-$ 625,718-$ -$

CASH AT BANK -$ -$ -$ -$ OK -$ -$ -$ -$ -$

STOCK -$ -$ -$ -$ OK -$ -$ -$ -$ -$

LAND -$ -$ -$ -$ OK -$ -$ -$ -$ -$

BUILDINGS -$ -$ -$ -$ OK -$ -$ -$ -$ -$

PLANT & EQUIPMENT -$ -$ -$ -$ OK -$ -$ -$ -$ -$

FURNITURE & FITTINGS -$ -$ -$ -$ OK -$ -$ -$ -$ -$

OTHER -$ -$ -$ -$ OK -$ -$ -$ -$ -$

BANK OVERDRAFT -$ -$ -$ 1$ OK 1$ -$ -$ -$ -$

LONG-TERM BORROWINGS 683,306$ 7,201,968$ 2,543,336$ -$ OK 10,428,610$ 683,306$ 7,201,968$ 2,543,336$ -$

CAPITAL AT BEGINNING 4,277,689$ 25,006,561$ 9,477,786$ -$ OK 38,762,036$ 4,277,689$ 25,006,561$ 9,477,786$ -$

TOTAL SOURCES 4,674,760$ 30,931,042$ 11,395,404$ -$ OK 47,001,206$ 4,674,760$ 30,931,042$ 11,395,404$ -$

USE OF FUNDS

CASH AT BANK 2,397,071$ 6,924,481$ 2,917,618$ -$ OK 12,239,170$ 2,397,071$ 6,924,481$ 2,917,618$ -$

STOCK -$ -$ -$ -$ OK -$ -$ -$ -$ -$

LAND 1,231,863$ 13,335,730$ 4,575,242$ -$ OK 19,142,835$ 1,231,863$ 13,335,730$ 4,575,242$ -$

BUILDINGS 679,787$ 6,936,040$ 2,536,654$ -$ OK 10,152,481$ 679,787$ 6,936,040$ 2,536,654$ -$

PLANT & EQUIPMENT 209,165$ 2,134,166$ 780,509$ -$ OK 3,123,840$ 209,165$ 2,134,166$ 780,509$ -$

FURNITURE & FITTINGS 52,291$ 533,542$ 195,127$ -$ OK 780,960$ 52,291$ 533,542$ 195,127$ -$

OTHER 104,583$ 1,067,083$ 390,254$ -$ OK 1,561,920$ 104,583$ 1,067,083$ 390,254$ -$

BANK OVERDRAFT -$ -$ -$ -$ OK -$ -$ -$ -$ -$

LONG-TERM BORROWINGS -$ -$ -$ -$ OK -$ -$ -$ -$ -$

CAPITAL AT BEGINNING -$ -$ -$ -$ OK -$ -$ -$ -$ -$

TOTAL USES 4,674,760$ 30,931,042$ 11,395,404$ -$ OK 47,001,206$ 4,674,760$ 30,931,042$ 11,395,404$ -$

Diff -$ -$ -$ -$

TABLES ConstCostCurve

Column: 1 2 3 4 5 6 7 8 9 10 11 12 13

Time 100% 100% 100%

Cost: 50.0% 100.0%950

951

952

953

954

955

956

957

958

959

960

961

962

963

964

965

966

967

968

969

970

971

972

973

974

975

976

Cost: 50.0% 100.0%

Construction Cost Options (Level of Finish)

1 Low Finish CostOption

2 Medium Finish

-10%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

CO

ST

TIME

TYPICAL CONSTRUCTION COST CURVE

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 20 of 21

INITIAL FEASIBILITY STUDY PURPOSES ONLY

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978

979

980

981

982

983

984

985

986

987

988

989

990

991

992

993

994

995

996

997

998

999

1000

1001

1002

1003

1004

1005

1006

1007

A B C D E F G H I J K L M N

3 High Finish

Regional Centre Rent/m² N m² pa m² pa

Supermarkets & Discount Dept Stores 125$ 160$

Specialty Shops 650$ 1,100$

Add extra for outgoings 110$ 135$

Stamp Duty N

Source: State Taxation Office 6/4/98

Range Minimum Per $100

1$ -$ 1.00$ StampDuty

12,000$ 120.00$ 2.00$

30,000$ 480.00$ 3.00$

50,000$ 1,080.00$ 4.00$

100,000$ 2,830.00$ 4.00$

500,000$ 18,830.00$ 5.00$

1,000,000$ 41,330.00$ 5.00$

10,000,000$ 500,000.00$ 5.00$

Land Tax N

Source: State Taxation Office 7/4/98

Range Minimum Per $100

1$ -$ -$ LandTax

50,000$ -$ -$

50,001$ -$ -$

300,000$ 875.00$ 2.00$

1,000,000$ 12,425.00$ 4.00$

Emergency Services Levy N

Source: The Advertiser p19 27/5/99

Base Fee $50.00 ESLbase1007

1008

1009

1010

1011

1012

1013

1014

1015

1016

1017

1018

1019

1020

1021

1022

1023

1024

1025

1026

1027

1028

Base Fee $50.00 ESLbase

Multiplier

1 Commercial 1.0 ESLmultiplier

2 Industrial 1.0

3 Residential 0.4

4 Rural 0.3

Std Rate ESLrate

Catchment Levy N

Source: City of Marion

Rate CatchmentRate

File: Feasibility - Mixed Use Template - Aug 2011 FINAL.xlsx

(22/08/2012 8:54 AM)

Prepared by: Bill Wright

GENESIS MANAGEMENT SERVICES PTY LTD

P O Box 260 Crafers SA 5152 Phone: 0414 267 196 Page 21 of 21