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TITLING
Next enter any items of cost known or anticipated under the following
options. If none exist it is very easy to delete this group. The
final results will not print any items under a heading that does
not have $ values inserted as costs.
Again elect whether to include as little or as much information
regarding method and timing of payment, as you wish either at this
stage or prior to generating your cash flow, which relies on this
information for its accuracy.
SELLING
STANSYS™ takes special care to ensure that you have properly considered
and accurately represent your intentions regarding this most important
aspect of any development.
Under three sub-headings all issues are thoroughly dealt with starting
with Marketing which includes the known or estimated cost of Brochures
and Advertising, Pre-Sale with sub-headings such as Lease Legals,
Incentive Lease Commission, Tenant Incentive, Advertising fees and
Acquisition fees.
Finally there is Post Sale which, unless you design it otherwise,
consists of Legals for end sale, Sales Commission and Incentive
Sales Commission.
All items can be input as a % (of the sale price or rental income
in the case of sale and leasing commissions) or as a $ amount.
MISCELLANEOUS
Any category of expense that has not yet been input can be nominated
and input at this window in a similar manner.
REVERSIONARY
Finally you can look at your development from the position of either
the purchaser from you (at the sale price) or as a proposition to
hold.
Enter the Purchase Price and Stamp Duty (automatically calculated
or manually input) and Legal Fees to buy the completed development.
Enter the method of Rental Review (CPI, Annual Growth, Market etc),
any Vacancy Factor anticipated, the estimated rate of CPI and Annual
Growth and any Cost of Sale.
Nominate the number of Years that the project might be held and
project a yield at sale (ie at the end of the years held). STANSYS™
will automatically provide information such as Annual Net Rental,
Gearing on Completion, and Exit Sale Price based on the information
entered.
Additionally you are able to see the following results based on
the above inputs:
- Reversionary Yield
- Reversionary Internal Rate of Return (IRR)
- Reversionary IRR Annualised
- Reversionary Yield on Capital
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