Page 25 - 12/54-58 CLIFF ROAD, WOLLONGONG NSW 2500

02/08/2018

Dear Hervie PTY LTD (RECEIVERS AND MANAGERS APPONTED)

Re: Market Appraisal - 12/54-58 Cliff Road, Wollongong NSW 2500

I wanted to personally thank you for allowing us the opportunity to provide you with the following information.
At Stone, you’ll find we do things differently, smarter and more efficiently. We’re able to achieve great results, faster. With
our wider network, sharper market-intelligence and aligned goals, our expert sales, marketing and customer-service
teams work together to achieve the best result.

We also appreciate that selling can be a daunting prospect. Please be assured that at Stone, we take care of everything
and keep you up-to-date every step of the way.

Following inspection of your home, outlined below is a current market appraisal which is based on several factors:

1. Recent sales in Wollongong and surrounding suburbs;
2. Size, features and condition of your property; and
3. Other properties currently for sale in Wollongong and surrounding suburbs.

Estimated Price Guide
In our opinion, properly marketed and promoted, your home should realise offers in the vicinity of $2,400,000-$2,500,000
based on recent sales within your area. Please note that this appraisal is only valid for 30 days from the date of
presentation as it is our opinion of the likely selling price at this time with current market conditions.

Commission Fee
Regarding our proposed fee, we will be happy to offer the amount of 1.8% Including GST for our services.

Proposed Marketing Budget
Essentially, the cost of marketing will depend on the strategy and budget that you decide to use, each major real estate
website will charge different amounts for their listings privileges. The cost of marketing will always vary depending on the
local market and the type of property.
It’s important to remember that there is always one chance to make a first impression.

Because of the uniqueness and value of this apartment, we propose a marketing budget of $5,000- $10,000 in order to
place emphasises on our highly effective advertising and marketing techniques.

If I can be of any further assistance please feel welcome to contact me on 4228 1622 or on my mobile.

Once again thank you and assuring you of our best and personal attention at all times.

Michael Schlegel
LREA | Director
0418 627 220
michaelschlegel@stonerealestate.com.au