Storage Space

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  • 27/06/2012 at 8:19 pm #8220 Reply | Quote
    Muffin

      Dear Jimmy,

      We have a common property area underneath our apartment building which has the potential to be converted into proper storage space with a certain volume of space allocated to each apartment – say 10 cubic metres to each of 12 apartments

      Assuming it was cost-effective and possible to legally allocate an equal secure space to each apartment, could you please give a percentage estimate as to how much value this might add to each individual apartment or advise what is the best way to obtain an accurate and objective assessment as to what this value might be.

      The building is in SE Sydney close to the sea and was erected in the mid sixties. The apartments are all close to 85 square metres in area. Assuming a market value of
      $600 000 per apartment, what value might 10 cubic metres of dedicated storage area add to each property ?        

      Muffin

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    Reply To: Reply #20583 in Storage Space
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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