Merelava ezulwini eco estate financial budget calc

  • No School
  • AA 1
  • 60

This preview shows page 22 - 24 out of 60 pages.

MERELAVA EZULWINI ECO ESTATE FINANCIAL BUDGET CALC Budget 16-Jan-17 Investor Equity - Merelava Equity 227 Stands 1,000,000 Senior Debt 45,000,000 AMOUNT per unit SALE PRICE/UNIT AVG LAND TOP COST/UNIT PROFIT/UNIT Rental Gross Income Unit Type 1 - 2 bed 77 m2 76 228 1,350,000 307,800,000 1,350,000 132,969 1,217,031 1,094,594 255,406 Unit Type 2 - 3 bed 98 m2 91 13 1,595,000 20,735,000 1,595,000 264,000 1,331,000 1,209,576 385,424 TOTAL INCOME 241 374,535,000 EXPENSES Land and Related Costs 2,257,484 Land Holding Cost including Rates,Water & Sanitation, Refuse (incl vat) 130,000 Fencing of Development (incl vat) 1,800 556 1,000,800 Other Development costs including H.S.A (incl vat) 100,000 Opening of Township Register (incl vat) 1,026,684 Services including electricity, water, roads and sewer.(incl vat) 20,041,200 Roads,Sidewalks,Stormwater - - 11,628,000 Parking - - - Water 5 246 8,500 2,383,740 Sewer 5 246 6,500 1,822,860 Electricity 5 246 15,000 4,206,600 Marketing Costs incl vat) 400,000 Finance Raising Fee (incl vat) 3.00% 45,000,000 1,539,000 Clubhouse , Pool, Entrance and Public Space (incl vat) 2,000,000 Land Cost Including transfer fee 6.00% 27,000,000 28,620,000 Demolish old buildings 500,000 Legal Fees (incl vat) 250,000 Professional Fees (incl of vat) 16,534,123 Architect 8.50 5.77% 160,224,466 9,242,822 Quantity Surveyor 3.00% 160,224,466 4,566,397 Civil/Structural Engineer 15,834,600 595,935 Town Planner 100,000 Electrical Engineer 11.50% 15,276,600 1,668,969 10% EIA Consultant 300,000 Geotechnical Consultant 60,000 Dev cost/unit Building Work (incl of vat) 160,224,466 435,964.58 Unit Type 1 - 2 bed 77 m2 76 228 8,666.18 150,167,523 658,629 1,094,594 Unit Type 2 - 3 bed 98 m2 91 13 8,501.22 10,056,943 773,611 1,209,576 Development and Project Management Fee (incl vat) 5.00% 10,110,364 Contingencies (incl vat) 2.50% 5,809,157 Agents fee 4% (incl vat) 4.56% 14,981,196 Transfer Cost per unit or Stamp Duty 6.00% 8,402 2,024,940 SUB TOTAL 265,291,930 - - Senior Debt Payback 45,000,000 Equity pay back Merelava 1,000,000 SUB TOTAL EXPENSES 311,291,930 Interest on Senior Debt 877,745 TOTAL 312,169,674 877,745
Image of page 22
EZULWINI ECO ESTATE A DEVELOPMENTBY MERELAVA 23 | P a g e Budget per Phase Refer to Feasibility Model and Valuation that will be sent with this document . MERELAVA INPUT INFO KEY Number of Units 241 EZULWINI ECO ESTATE FINANCIAL BUDGET CALC 16-Jan-17 TOTAL/CHECK PHASE 1 PHASE 2 PHASE 3 PHASE 4 Investor Equity - - - - - - - Merelava Equity 1,000,000 1,000,000 1,000,000 - - - Senior Debt 45,000,000 45,000,000 241 45,000,000 45,000,000 - - - AMOUNT RENT MONTHLY ANNUALLY SALE PRICE PER UNIT - - - - - Rental Gross Income Unit Type 1 - 2 bed 77 m2 76 228 9,000 2,052,000 24,624,000 307,800,000 1,350,000 307,800,000 34 45,900,000 56 75,600,000 68 91,800,000 70 94,500,000 Unit Type 2 - 3 bed 98 m2 91 13 12,500 162,500 1,950,000 20,735,000 1,595,000 20,735,000 3 4,785,000 3 4,785,000 3 4,785,000 4 6,380,000 TOTAL INCOME 241 2,214,500 26,574,000 328,535,000 37 50,685,000 59 80,385,000 71 96,585,000 74 100,880,000 EXPENSES Land and Related Costs 2,257,484 2,257,484 Land Holding Cost including Rates,Water & Sanitation, Refuse (incl vat) 130,000 130,000 539 130,000 60,000 45,000 25,000 - Fencing of Development (incl vat) 1,000,800 1,000,800 4,153 1,000,800 250,200 250,200 250,200 250,200 Other Development costs including H.S.A (incl vat) 100,000 100,000 415 100,000 100,000 - - - Opening of Township Register (incl vat) 1,026,684 1,026,684 4,260 1,026,684 157,624 251,346 302,467 315,247 Services including electricity, water, roads and sewer.(incl vat) 20,041,200 20,041,200 83,159 20,041,200 3,076,865 4,906,352 5,904,254 6,153,729 Roads,Sidewalks,Stormwater - - 11,628,000 11,628,000 48,249 11,628,000 1,785,212 2,846,689 3,425,676 3,570,423 Parking - - - - - - - - - - Water 246 8,500 2,383,740 2,383,740 9,891 2,383,740 365,968 583,571 702,264 731,937 Sewer 246 6,500 1,822,860 1,822,860 7,564 1,822,860 279,858 446,260 537,025 559,716 Electricity 246 15,000 4,206,600 4,206,600 17,455 4,206,600 645,827 1,029,832 1,239,289 1,291,653 Marketing Costs incl vat) 400,000 400,000 1,660 200,000 200,000 - - - Finance Raising Fee (incl vat) 3.00% 45,000,000 1,539,000 1,539,000 6,386 1,539,000 1,539,000 - - - Clubhouse , Pool, Entrance and Public Space (incl vat) 2,000,000 Land Cost Including transfer fee 28,620,000 28,620,000 118,755 28,620,000 28,620,000 Demolish old buildings 500,000 Legal Fees (incl vat) 250,000 250,000 1,037 355,000 355,000 - - - Professional Fees 16,534,123 16,534,123 68,606 Architect 5.77% 160,224,466 9,242,822 9,242,822 38,352 9,242,822 1,419,023 2,262,766 2,722,989 2,838,045 Quantity Surveyor 3.00% 160,224,466 4,566,397 4,566,397 18,948 4,566,397 701,065 1,117,915 1,345,287 1,402,130 Civil/Structural Engineer 15,834,600 595,935 595,935 2,473 595,935 91,492 145,893 175,566 182,984 TP/LS - - 100,000 100,000 415 250,000 250,000 - - - Electrical Engineer 11.50% 15,276,600 1,668,969 1,668,969 6,925 1,668,969 256,232 408,586 491,688 512,463 EIA Consultant - - 300,000 300,000 1,245 250,000 250,000 - - - Geotechnical Consultant - - 60,000 60,000 249 125,000 125,000 - - -
Image of page 23
Image of page 24

You've reached the end of your free preview.

Want to read all 60 pages?

  • Fall '19
  • Bathroom, Shower, Incl, EZULWINI ECO ESTATE

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors