Maintenance Budget Plan Report

37 Bay Sample Street Port Melbourne VIC 3207

30+ Years’ Experience In Reporting Services Our Quality Reports Make Roscon The Number #1 Choice We conduct onsite audits including photos, not desktop audits ISO 9001 Accredited Systems & Procedures Domestic Unlimited Builders (DB-U 13329) Commercial Unlimited Builders (CB-U 4272) Member - MBAV Platinum Master Builder (5630) Member - Strata Community Australia Member - Australian Institute of Project Management Member - The Real Estate Institute of Australia

Roscon Property Services Roscon Property Services is the first property services provider to introduce central streamlined systems integrating property maintenance and quality controlled reporting services accredited by International Certifications, dedicated to support Owners Corporation managers. Since 1987 we have evolved from our history of developing and constructing prestigious residential and high profile commercial industrial landmark projects. We have extended our service capabilities through our extensive construction, strata management and professional property services experience gained over 25 years, and filled the void between three property industries. Built on solid foundations our clients rest assured in the comfort of knowing they’re supported by Registered Building Practitioners, qualified professionals, fully insured and committed in protecting their responsibility to valued clients.

Mission Statement “It is the policy of Roscon Property Services to deliver property Maintenance services to its clients in the most efficient and timely manner while respecting legal and statutory requirements. Roscon Property Services Pty Ltd operates under ISO 9001-2000 in the completion of its services. All staff & sub-contractors are expected to work according to our policies and procedures. The system employed by Roscon Property Services Pty Ltd is reviewed annually in order to ensure its consistency”.

Instructed By

Name Ben Smith

Title Senior Strata Portfolio Manager

Company SampleCorp Pty Ltd

Address PO Box 3000 Coburg 3058

Inspected & Compiled by

Inspector ID LIJ-466

Table of Contents

Roscon Property Services...................................................................................................................................................... 2 Mission Statement ................................................................................................................................................................ 2 Instructed By ......................................................................................................................................................................... 2 Inspected & Compiled by ...................................................................................................................................................... 2 1. Inspection Report ......................................................................................................................................................... 5 2. Property Description .................................................................................................................................................... 6

2.1. Location ............................................................................................................................................................... 6 2.2. Building Photos .................................................................................................................................................... 6 2.3. Inspection Details ................................................................................................................................................ 7 The building is a: ............................................................................................................................................................... 8

3. Maintenance Plan Budget ............................................................................................................................................ 9 3.1 Division 3-Maintenance Plan ............................................................................................................................... 9 3.2 Division 4 - Maintenance Fund ............................................................................................................................ 9 3.3 Present State of Repair of Items ....................................................................................................................... 10 3.4 Costs and Estimates........................................................................................................................................... 10 3.5 Contingency Sum ............................................................................................................................................... 10 3.6 Interest .............................................................................................................................................................. 11 3.7 General Maintenance Items .............................................................................................................................. 11 3.8 Frequency of Levy Payments ............................................................................................................................. 11 3.9 Occupation Health & Safety .............................................................................................................................. 11 3.10 Transportation Equipment, Lifts ....................................................................................................................... 11 3.11 Additional Works ............................................................................................................................................... 11 3.12 Pre Existing Defects ........................................................................................................................................... 11 3.13 Lifespan ............................................................................................................................................................. 11 3.14 Updates ............................................................................................................................................................. 12 3.15 Items with Indefinite Lives ................................................................................................................................ 12

Maintenance Budget Plan ................................................................................................................................................... 13

15 July 2014 Dear Ben, Thank you for using Roscon Property Services Pty Ltd for your Maintenance Plan Budget report. We have attached a detailed copy of the report for your attention. It should be noted that the Maintenance Plan Budget should be reviewed on a regular basis so that variables such as the age of the property, costs of repairs / maintenance, government legislation, inflation factors can be taken into account. Should you require further assistance or need clarification of anything that is contained within the report then please don’t hesitate to contact us. The attached report includes the following:-

1. Budget Allowances This is a summary sheet that details the items that have been allowed, including their respective values.

2. 10 Year Maintenance Plan

Budget Outline This is the outline of the budget which denotes the value of the budget and how it varies over the 10 year outline.

3. Property Inspection Report The report details the values of the respective parts of the property, the

frequency of maintenance, the life expectancy of the respective part of the property.

4. Estimated Expenditure This shows the value allocated for the maintenance of the parts of the

property and the year that the maintenance has been allowed.

5. Unit Liability This denotes the rateable value per Unit, relevant to the Unit liability. The team at Roscon Property Services Pty Ltd are available to assist you with any and every aspect that may eventuate and look forward to your call. Thank you for your continued business. Yours Sincerely,

Roscon Property Services Pty Ltd

Paul Cummaudo Managing Director AREI, RBP, CRE, Licensed Estate Agent Registered Building Practitioner DB-U 13329, CB-U 4272 Member REIV, MBAV, SCA, NCTI

1. Inspection Report This maintenance plan budget has been calculated under the directions of the strata manager. As per the instruction of the strata manager we have calculated the maintenance plan based on the following:

• The property consists of one Owners Corporation as per the plan of subdivision provided and the budget has been calculated for that Owner’s corporation.

• A liabilities table has been provided for the first year of the budget. • Common property 1 includes those walls, floors and ceilings which define boundaries and all columns,

internal service ducts, pipe shafts contained within the building. • The building is good condition, and a high state of repair has been maintained. • The Maintenance Plan has been calculated for anticipated future maintenance works in order to maintain

the building in a good state of repair. No allowance has been made for building defect repairs or major renovations.

• It is recommended to review the Maintenance Plan after five years to summarize the contribution amounts, actual expenditure and the general condition of the maintainable items within the plan.

2. Property Description 2.1. Location

37 Bay Sample Street Port Melbourne VIC 3207

2.2. Building Photos

2.3. Inspection Details Building Constructed

Pre 1994

Post 1994

Building Class

1 Single Dwelling, Boarding House, Guest House or Hostel

2 Building Containing Sole-occupancy unit (e.g. apartments, blocks or flats)

3 Backpacker accommodation, residential parts of hotels or motels, residential parts of schools, accommodation for the aged, disabled or children.

4 Single dwelling in a Class 5, 6, 7, 8, or 9 building such as the caretaker’s residence.

5 Offices for professional or commercial purposes

6 Shops or other buildings for sale of goods by retail cafes, restaurants, milk bars, dining rooms, and bars

7 Buildings used for car parks, storage or display of goods

8 Laboratories or buildings for production or assembly of goods

9 Public buildings such as health care buildings or assembly buildings, nightclubs, bars etc.

10 Place of public entertainment

The building is a:

o 4 storey 20 residential apartment and 2 commercial lot development o Concrete tilt panel construction o Ground storey car park with rear entry gates, and toilet facilities o Mail boxes, intercom system, security CCTV system and sprinklers were observed in common areas

3. Maintenance Plan Budget This forecast satisfies the current requirements of Division 3 of the Owners Corporation Act 2006 (Vic). As required for prescribed Owners Corporation under Section 5 of the Owners Corporation Regulations 2007 (Vic).

3.1 Division 3-Maintenance Plan 36. Maintenance Plan.

• A prescribed Owners Corporation must prepare a maintenance plan for the property for which it is responsible.

• An Owners Corporation (other than a prescribed Owners Corporation) may prepare a maintenance plan for the property for which it is responsible.

37. What must a maintenance plan contain?

• The maintenance plan must set out

o The major capital items anticipated to require repair and replacement within the next 10 years o The present condition or state of repair of those items o When those items or components of those items will need to be repaired or replaced o The estimated cost of the repair and replacement of those items or components o The expected life of those items or components once repaired or replaced

• In this section- "major capital item" includes

o A lift o An air conditioning plant o A heating plant o An item of a prescribed class

38. When does a maintenance plan have effect?

• A maintenance plan does not have effect unless it is approved by the Owners Corporation. • In approving a maintenance plan, an Owners Corporation may set conditions for the payment of money out of

the maintenance fund.

3.2 Division 4 - Maintenance Fund 40. Establishment of maintenance fund An Owners Corporation that has an approved maintenance plan must establish a maintenance fund in the name of the Owners Corporation. 41. What is the maintenance fund for? The maintenance fund of an Owners Corporation must be used for the implementation of the maintenance plan of the Owners Corporation.

42. Payments into maintenance fund If an Owners Corporation has established a maintenance fund, the following must be paid into that fund:

• Any part of the annual fees that is designated as being for the purpose of the maintenance plan • Any amounts received under an insurance policy in respect of the damage or destruction of property covered

by the maintenance plan • Any interest earned on the investment of the money in the fund • Any amounts of a prescribed kind • Any amounts of a kind determined by the Owners Corporation

43. Payments from maintenance fund Subject to any conditions specified in the regulations and an ordinary resolution at a general meeting of the Owners Corporation, money may be paid out of the maintenance fund at any time in accordance with the approved maintenance plan.

3.3 Present State of Repair of Items The present state of repair of an item is considered when determining its remaining life; however it is not the only consideration. Many items degrade in a non-uniform fashion, wearing more rapidly towards the end of their life, so items which appear to be in a good state of repair may be substantially through their lifespan. As such, we draw upon industry experience and information regarding expected lifespans of items when estimating replacement schedules, but modify our estimates based upon our visual inspection. From our report, for individual items scheduled for replacement, the following guidelines are used:

• Good • Fair • Poor

For example, an Item is scheduled for replacement in five years, and has a ten year expected lifespan. This means that the item is halfway through its lifespan, and is considered to be in fair condition. If the item appeared to be in good condition, its replacement schedule may be lengthened beyond its expected lifespan. Items which are highly durable in nature and currently in a good state of repair have an indefinite expected lifespan, but will require ongoing maintenance and/or repairs payable from the Maintenance Fund to maintain this state of repair. These items have been assigned Ongoing Maintenance/Repair Programs, which are an allowance for funds to accrue over time to cover the cost of maintenance and/or repairs, and there is no necessary correlation between the timeframes used and the present state of repair of the item.

3.4 Costs and Estimates The costs and estimates that have been provided in the Maintenance Plan Budget are designed to denote the items that may require maintenance / repair and the frequency that the maintenance / repair may be required. It is designed to assure that adequate funding is available at the time maintenance / repair is required. This report has been prepared with all due care and diligence and as such Roscon Property Services Pty Ltd accepts no responsibility for any short fall that may occur from time to time.

3.5 Contingency Sum A contingency sum has been allowed to cover any unforeseen expenses. Refer to the percentage denoted in the Budget Allowances.

3.6 Interest Allowance has been made for interest gained from invested funds less tax at the rate denoted in the Budget Allowances.

3.7 General Maintenance Items General maintenance items have not been allowed and therefore should be allowed within the normal annual budget. Items that have been allowed are the long term maintenance / repair items. Items such as light globes, cleaning, gardening, mandatory maintenance and inspections, maintenance agreements (lift, mechanical plant, fire equipment, emergency services, etc.) unless specified otherwise should be allowed in the annual budget.

3.8 Frequency of Levy Payments The Maintenance Fund Levies recommended in this report are shown as annual contributions. If contributions are made on a different frequency, such as half yearly, the annual levy should be divided between the payments periods set by the Owners Corporation so that, in any given year, the total contribution by the Owners equals the total annual levy recommended in this report.

3.9 Occupation Health & Safety Items relevant to the Occupation Health & Safety Act are not covered by this report. Should it be required a safety inspection can be arranged and a separate report provided.

3.10 Transportation Equipment, Lifts Annual lift maintenance has not been included, but an allowance has been included to cover the long term costs that are required to keep the equipment in operational condition.

3.11 Additional Works The property owners may decide to perform improvements to the property that are not related to normal maintenance and repair; no allowance has been made for these improvements.

3.12 Pre Existing Defects No allowance has been made to correct pre-existing defects that may exist within the property. Faulty workmanship, incomplete works, works that do not comply with the National Construction Code, government legislation etc. have not been allowed within the budget. Items that are apparent at the time of the inspection are noted within the inspection report and should be attended to as a matter of priority.

3.13 Lifespan The life of an item is greatly varied by the way it is treated and can be severely reduced by:

• Miss use and abuse, accidental damage • Lack of general maintenance, lubrication, painting etc.

The overall life span of an item can be extended indefinitely if a practical maintenance plan is in effect and is complied with.

3.14 Updates The Maintenance Plan Budget is supplied based on the information that was provided at the time the Maintenance Plan Budget was compiled. It should be noted that it should be reviewed regularly to verify that it is current relevant to the variations in inflation, interest rates, bank charges, taxation scales etc.

3.15 Items with Indefinite Lives There is no allowance for replacement of items that, if properly maintained, should last indefinitely, (unless otherwise requested by the Owners Corporation); for example: sanitary fittings and lift carriage interiors. This forecast deals only with estimating the timing of physical obsolescence.

Roscon Property Services Offices 150 Sydney Road Coburg VIC 3058 I Level 50, 120 Collins Street Melbourne VIC 3000 Tel 1800 767 266 I Email info@roscon.com Web roscon.com.au

Maintenance Budget Plan

Owners Corporation

1

Budget Allowances

Strata Title Commencement Date

Property Address

Strata Plan Registration Date 23-December-2010

Property Manager Ben SmithAddress

5%

4%

30%

2.80%

GST Status Not Registered

23 December 2010

37 Bay Sample Street Port Melbourne VIC 3207

PS 0000000

PO Box 30000 Coburg VIC 3058

1,000

22

$0.00

01 January 2015

10 Years

8%

10%

Contingency for Unforseen expenses

Forcast period

Commencement Date of Budget

Strata Plan Number

Number of Lot Liabilities

Number of Lots

Assumed Rate of Inflation

Level of GST Applicable

Assumed rate of interest on investments

Assumed taxation Rate on Funds

Interest Rate x Taxation Rate

Starting Balance

15/07/2014

Maintenance Plan Budget

10 Year Maintenance Plan Budget Outline

Opening Balances GST

Including GST

Total Contribution GST Including GST

Anticipated expenses GST Including GST

* Closing Balance

January-2015 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00January-2016 $0.00 $0.00 $0.00 $17,275.48 $1,727.55 $19,003.03 $451.25 $45.13 $496.38 17,295.31January-2017 $17,295.31 $1,729.53 $19,024.84 $18,139.26 $1,813.93 $19,953.19 $2,300.26 $230.03 $2,530.28 34,062.07January-2018 $34,062.07 $3,406.21 $37,468.28 $19,046.22 $1,904.62 $20,950.84 $2,017.35 $201.74 $2,219.09 52,521.49January-2019 $52,521.49 $5,252.15 $57,773.64 $19,998.53 $1,999.85 $21,998.39 $8,645.16 $864.52 $9,509.67 65,663.36January-2020 $65,663.36 $6,566.34 $72,229.70 $20,998.46 $2,099.85 $23,098.31 $3,883.01 $388.30 $4,271.31 85,096.61January-2021 $85,096.61 $8,509.66 $93,606.27 $22,048.38 $2,204.84 $24,253.22 $36,091.88 $3,609.19 $39,701.07 73,042.60January-2022 $73,042.60 $7,304.26 $80,346.86 $23,150.80 $2,315.08 $25,465.88 $16,755.02 $1,675.50 $18,430.52 81,662.66January-2023 $81,662.66 $8,166.27 $89,828.93 $24,308.34 $2,430.83 $26,739.18 $46,247.18 $4,624.72 $50,871.90 61,396.09January-2024 $61,396.09 $6,139.61 $67,535.70 $25,523.76 $2,552.38 $28,076.14 $27,397.35 $2,739.74 $30,137.09 61,189.12January-2025 $61,189.12 $6,118.91 $67,308.03 $26,799.95 $2,679.99 $29,479.94 $28,966.38 $2,896.64 $31,863.02 60,675.33

$61,189.12 $6,118.91 $67,308.03 $217,289.19 $21,728.92 $239,018.11 $172,754.85 $17,275.48 $190,030.33

Number of Lots 22 Lot Liabilities 1,000

Period Ending Average Lot cost Annual Budget GSTAnnual Including

GSTJanuary-2016 $785.25 17,275.48$ $1,727.55 $19,003.03 22January-2017 $824.51 18,139.26$ $1,813.93 $19,953.19January-2018 $865.74 19,046.22$ $1,904.62 $20,950.84 1,000January-2019 $909.02 19,998.53$ $1,999.85 $21,998.39January-2020 $954.48 20,998.46$ $2,099.85 $23,098.31 $17.28January-2021 $1,002.20 22,048.38$ $2,204.84 $24,253.22January-2022 $1,052.31 23,150.80$ $2,315.08 $25,465.88January-2023 $1,104.92 24,308.34$ $2,430.83 $26,739.18 2015 2016 $17,275.48January-2024 $1,160.17 25,523.76$ $2,552.38 $28,076.14January-2025 $1,218.18 26,799.95$ $2,679.99 $29,479.94 $785.25

Total 217,289.19$ 21,728.92$ 239,018.11$

* Closing balance allows for receipts, less expenditure, plus interest on account funds, less tax on interest on account funds

Annual Maintanance Plan Budget

37 Bay Sample Street Port Melbourne VIC 3207

Number of Lots

Annual Maintanance Plan Budget

Average Cost Per Lot

Summary

Annual Maintenance Budget

Lot Liabilities

Rate Per (1) Unit Liability

15/07/2014

Property Inspection Report

Locations Zones AreaCurrent

Condition Works Quant. Unit Rate Value Sub Total Due In years % Total Life $ Value

Internal Car Park Ground FloorGood Chain mesh to boundary 10 lm 80 800.00$ 10 33% 30 230.40$ Good Colorbond fence to boundary 65 lm 90 5,850.00$ 8 13% 60 673.92$ Good AC units to retail 2 no 3900 7,800.00$ 6 40% 15 2,695.68$ Good Hot water system 1 no 13800 13,800.00$ 4 33% 12 3,974.40$ Good Storage cages 48 lm 160 7,680.00$ 10 33% 30 2,211.84$ Good Line marking - car spaces 148.2 lm 6 889.20$ 3 60% 5 460.96$ Good Sprinklers 405 m2 42 17,010.00$ 9 30% 30 4,408.99$ Good Concrete floor area Masterseal 333 397.5 m2 2 795.00$ 2 40% 5 274.75$ Good Refuse area - Masterseal 333 25 m2 2 50.00$ 1 20% 5 8.64$ Good Fire extinguisher 2 no 250 500.00$ 6 75% 8 324.00$ Good Bicycle rack 10 no 350 3,500.00$ 9 30% 30 907.20$ Good Fire hose reel 1 no 805 805.00$ 8 100% 8 695.52$ Good Bollards 3 no 275 825.00$ 10 25% 40 178.20$ Good Exit lights 2 no 250 500.00$ 2 25% 8 108.00$ Good Lights 20 no 150 3,000.00$ 1 20% 5 518.40$ Good Auto parking entry gate 1 no 8000 8,000.00$ 9 36% 25 2,488.32$ Good Door 1 no 1100 1,100.00$ 8 27% 30 253.44$ Good Fire door 1 no 1430 1,430.00$ 9 30% 30 370.66$ Good Services/Cabinet 9 no 800 7,200.00$ 6 17% 35 1,066.42$

81,534.20$ Dissabled Toilet Ground Floor Good Tile - floor 4.5 m2 90 405.00$ 9 30% 30 104.98$

Good Tile - walls 23 m2 85 1,955.00$ 6 24% 25 405.39$ Good Ceiling paint 4.5 m2 30 135.00$ 2 40% 5 46.66$ Good Toilet 1 no 645 645.00$ 7 47% 15 260.06$ Good Hand rails 2 no 108.5 217.00$ 4 16% 25 30.00$ Good Toilet roll holder 1 no 80 80.00$ 3 20% 15 13.82$ Good Tissue dispenser 1 no 170 170.00$ 4 27% 15 39.17$ Good Soap dispenser 1 no 71 71.00$ 5 50% 10 30.67$ Good Wash basin 1 no 280 280.00$ 6 33% 18 80.64$ Good Tap sets 2 no 132 264.00$ 7 47% 15 106.44$ Good Lights 1 no 150 150.00$ 2 40% 5 51.84$ Good Emergency lights 1 no 150 150.00$ 1 17% 6 21.60$ Good Door 1 no 1100 1,100.00$ 8 160% 5 1,520.64$

5,622.00$ Foyer Ground Floor Good Tile - floor 21 m2 110 2,310.00$ 6 20% 30 399.17$

Good Ceiling - paint 21 m2 30 630.00$ 3 60% 5 326.59$ Good Wall - paint 58 m2 30 1,740.00$ 4 80% 5 1,202.69$ Good Exit light 2 no 250 500.00$ 2 33% 6 144.00$ Good Emergency light 2 no 150 300.00$ 1 20% 5 51.84$ Good Down lights 7 no 150 1,050.00$ 3 50% 6 453.60$ Good Heat detector 2 no 186 372.00$ 4 80% 5 257.13$ Good Wall cladding 13 m2 130 1,690.00$ 9 90% 10 1,314.14$ Good FIP 1 no 9800 9,800.00$ 8 32% 25 2,709.50$ Good Cupboards 2 no 800 1,600.00$ 4 13% 30 184.32$ Good Hydrant 1 no 1610 1,610.00$ 6 40% 15 556.42$

-$ 21,602.00$ Lift Good 8 person 630Kg - 4 Levels 1 no 130000 130,000.00$ 6 12% 50 13,478.40$

130,000.00$ Entry Ground Floor Good Mailboxes 24 no 60 1,440.00$ 2 6% 35 71.09$

Good Intercom system 1 no 20000 20,000.00$ 6 24% 25 4,147.20$

15/07/2014

Property Inspection Report

Locations Zones AreaCurrent

Condition Works Quant. Unit Rate Value Sub Total Due In years % Total Life $ ValueGood Entry glass door 5.4 m2 8800 47,520.00$ 8 27% 30 10,948.61$ Good Signs 1 no 200 200.00$ 6 40% 15 69.12$ Good Gas meter room 1 no 1600 1,600.00$ 7 23% 30 322.56$ Good Wall tiles 12 m2 125 1,500.00$ 6 24% 25 311.04$ Good Floor tiles 4.5 m2 130 585.00$ 4 13% 30 67.39$ Good Lights 1 no 150 150.00$ 1 20% 5 25.92$

72,995.00$ Stairwell Ground Floor Good Wall - paint 15 m2 30 450.00$ 1 20% 5 77.76$

Good Lights 1 no 150 150.00$ 2 33% 6 43.20$ Good Sprinkler 3 m2 42 126.00$ 3 20% 15 21.77$ Good Hand rail 3 lm 108.5 325.50$ 5 20% 25 56.25$ Good Nosing - stairs 16 no 65 1,040.00$ 9 30% 30 269.57$ Good Tiles - stairs 8 m2 130 1,040.00$ 4 16% 25 143.77$

3,131.50$ Internal Common Property 1st Floor Good Floor - carpet 16.05 m2 75 1,203.75$ 5 56% 9 577.80$

Good Floor - tiles 11.25 m2 130 1,462.50$ 6 20% 30 252.72$ Good Ceiling paint 27 m2 30 810.00$ 2 40% 5 279.94$ Good Wall - paint 90 m2 30 2,700.00$ 3 50% 6 1,166.40$ Good Cupboards 4 no 800 3,200.00$ 7 23% 30 645.12$ Good Heat detectors 2 no 186 372.00$ 5 33% 15 107.14$ Good Exit light 1 no 250 250.00$ 1 20% 5 43.20$ Good Emergency light 2 no 150 300.00$ 2 33% 6 86.40$ Good Down lights 6 no 150 900.00$ 1 20% 5 155.52$ Good Fire doors 8 no 1430 11,440.00$ 6 20% 30 1,976.83$ Good Fire extinguisher 1 no 250 250.00$ 7 88% 8 189.00$ Good Fire hydrant 1 no 1610 1,610.00$ 9 60% 15 834.62$

24,498.25$ Common Property 2nd Floor Good Floor - carpet 16 m2 75 1,200.00$ 3 30% 10 311.04$

Good Floor - tiles 11.25 m2 130 1,462.50$ 6 20% 30 252.72$ Good Ceiling paint 27 m2 30 810.00$ 2 33% 6 233.28$ Good Wall - paint 90 m2 30 2,700.00$ 1 20% 5 466.56$ Good Cupboards 4 no 800 3,200.00$ 4 13% 30 368.64$ Good Heat detectors 2 no 186 372.00$ 5 33% 15 107.14$ Good Exit light 1 no 250 250.00$ 1 17% 6 36.00$ Good Emergency light 2 no 150 300.00$ 2 40% 5 103.68$ Good Down lights 6 no 150 900.00$ 1 17% 6 129.60$ Good Fire doors 9 no 1430 12,870.00$ 4 13% 30 1,482.62$ Good Fire extinguisher 1 no 250 250.00$ 5 63% 8 135.00$ Good Fire hydrant 1 no 1610 1,610.00$ 4 27% 15 370.94$

25,924.50$ Common Property 3nd Floor Good Floor - carpet 24 m2 75 1,800.00$ 7 88% 8 1,360.80$

Good Roof access 1 no 800 800.00$ 6 20% 30 138.24$ Good Ceiling paint 24 m2 30 720.00$ 2 33% 6 207.36$ Good Wall - paint 70.2 m2 30 2,106.00$ 3 60% 5 1,091.75$ Good Cupboards 3 no 800 2,400.00$ 1 3% 30 69.12$ Good Heat detectors 2 no 186 372.00$ 2 13% 15 42.85$ Good Exit light 1 no 250 250.00$ 4 67% 6 144.00$ Good Emergency light 2 no 150 300.00$ 3 60% 5 155.52$ Good Down lights 6 no 150 900.00$ 1 17% 6 129.60$ Good Fire doors 7 no 1430 10,010.00$ 5 17% 30 1,441.44$ Good Fire extinguisher 1 no 250 250.00$ 4 50% 8 108.00$ Good Fire hydrant 1 no 1610 1,610.00$ 6 40% 15 556.42$

15/07/2014

Property Inspection Report

Locations Zones AreaCurrent

Condition Works Quant. Unit Rate Value Sub Total Due In years % Total Life $ Value21,518.00$

External South Elevation All Areas Good Name/Number signs 4 no 35 140.00$ 7 88% 8 105.84$ Good Shop front glazing 25.5 m2 610 15,555.00$ 10 29% 35 3,839.86$ Good Booster cabinet 1 no 2900 2,900.00$ 6 20% 30 501.12$ Good Entry glazed door X 2 2 no 2350 4,700.00$ 4 13% 30 541.44$ Good Wall tiles 7.8 m2 120 936.00$ 3 12% 25 97.04$ Good Lights 5 no 150 750.00$ 1 17% 6 108.00$ Good Textured paint finish 61.2 m2 45 2,754.00$ 2 29% 7 679.84$ Good Awning - front entry & shops 15 lm 310 4,650.00$ 8 23% 35 918.31$ Good Vertical timber blades 9 m2 270 2,430.00$ 7 20% 35 419.90$ Good Balustrades with pattern - 1 & 2 floor 24 lm 520 12,480.00$ 6 15% 40 1,617.41$ Good Balustrade - glass and solid - 3rd floor 15 lm 520 7,800.00$ 5 13% 40 842.40$ Good Flat eaves 10 m2 310 3,100.00$ 9 26% 35 688.73$

58,195.00$ External North Elevation All Areas Good Bollards 2 no 250 500.00$ 2 6% 35 24.69$

Good Textured paint finish 42 m2 45 1,890.00$ 3 50% 6 816.48$ Good Balustrade - glass/solid - 2 & 3rd floor 27 lm 520 14,040.00$ 6 15% 40 1,819.58$ Good Flat eaves 10 lm 310 3,100.00$ 7 20% 35 535.68$

19,530.00$ External East Elevation All Areas Good Textured paint finish 260 m2 45 11,700.00$ 1 14% 7 1,444.11$

Good Obscure balustrade to balcony 16 lm 500 8,000.00$ 9 23% 40 1,555.20$ Good Balustrade - 1.4m high opaque 8.2 lm 520 4,264.00$ 7 18% 40 644.72$

23,964.00$ External West Elevation All Areas Good Textured paint finish 270 m2 45 12,150.00$ 2 33% 6 3,499.20$

Good Balustrade to balcony -1050mm high 15 lm 520 7,800.00$ 4 10% 40 673.92$ Good Balustrade - 1.4m high opaque 11.5 lm 520 5,980.00$ 8 20% 40 1,033.34$

25,930.00$ External Roof Good Colorbond Kliplok roofing 385 m2 125 48,125.00$ 7 23% 30 9,702.00$

Good Penetrations - access hatch 1 no 3000 3,000.00$ 6 20% 30 518.40$ Good Antenna 1 no 2000 2,000.00$ 5 33% 15 576.00$ Good Antenna connection 24 lots 24 no 200 4,800.00$ 5 17% 30 691.20$

57,925.00$

Maintenance Budget Plan

Liabilities

15/07/2014

Strata Plan Number PS 0000000Property Address : 37 Bay Sample Street Port Melbourne VIC 3207Client : Ben Smith

LIABILITIES FOR THE PERIOD OF:- 01-Jan-15 01-Jan-16

BUILDING MANAGEMENT Maintenance Plan Budget 17,275.48$

CONTRIBUTIONS (Excluding GST) 17,275.48$

(GST) On Constribution 1,727.55$

CONTRIBUTIONS (Inclusive GST) 19,003.03$

Annual Unit Liability

Lot Liability Amount P.A. GST Inclusive GST Ist

Year -$ -$ -$

1 55 950.15$ 95.02$ 1,045.17$ 2 55 950.15$ 95.02$ 1,045.17$ 3 30 518.26$ 51.83$ 570.09$ 4 30 518.26$ 51.83$ 570.09$ 5 30 518.26$ 51.83$ 570.09$ 6 60 1,036.53$ 103.65$ 1,140.18$ 7 60 1,036.53$ 103.65$ 1,140.18$ 8 55 950.15$ 95.02$ 1,045.17$ 9 55 950.15$ 95.02$ 1,045.17$

10 25 431.89$ 43.19$ 475.08$ 11 40 691.02$ 69.10$ 760.12$ 12 35 604.64$ 60.46$ 665.11$ 13 60 1,036.53$ 103.65$ 1,140.18$ 14 60 1,036.53$ 103.65$ 1,140.18$ 15 40 691.02$ 69.10$ 760.12$ 16 50 863.77$ 86.38$ 950.15$ 17 30 518.26$ 51.83$ 570.09$ 18 30 518.26$ 51.83$ 570.09$ 19 60 1,036.53$ 103.65$ 1,140.18$ 20 60 1,036.53$ 103.65$ 1,140.18$ 1G 50 863.77$ 86.38$ 950.15$ 2G 30 518.26$ 51.83$ 570.09$

Annual Unit Liability