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From: Mark Gadd [mailto:mark@ahprestige.co.za]
Sent: 30 July 2010 11:47 AM
To: gerard@rbkholdings.com
Subject: UPCOMING AUCTION - COMMERCIAL/RESIDENTIAL BUILDING PLUS LAND
The plot area is 4500 m², notwithstanding the fact that only 50% of the land has been developed.
You will notice, from the above plans, that there are two building plans: (1) The current building (2) Future expansion of remainder 50 %. In other words, there is still 50% vacant commercial land to be developed.
The current building has been zoned for double storey (plan "Erf 6406 future development"). This may also be developed in future.
Building plan 1, 2 and 3 reflects the initial first building and represents the 1st phase. Later expansion is reflected in the plan "6406 current building".
I propose that phase 3 be a mirror image of the existing building, reflected in "Erf 6406 future development"
The rental income therefore is based only on the existing building (attached Plot 6406 tenant and rental income) and is not taking into account the opportunity rental for future development.
It is envisaged that the rental income be more than double upon full capitalisation.
Do not hesitate to contact me should you have any questions on the above.
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