Supplementary space – not rent attracting generally comprises these sub-categories of space: Balcony, decks, patios.
An abbreviation for supplementary space – not rent attracting is “SNRA“.
SNRA is one of three categories of space assigned to a property. The other two categories are
Complex spaces are generally formed by this combination of space categories 1. and 2. described above.
Financial specifics for SNRA
- Does not attract rent
- Does not attract expenses
Explaining expenses using an example
A landlord is letting a complex space.
The complex space is made up of
- 1,000 sqm of office GLA at R200 / sqm
- 100 sqm of terraces (SRA) at R120 / sqm
- 75 sqm of storage (SRA) at R75 / sqm
- 85 sqm of balconies (SNRA)
Operating costs are charged at R50 / sqm
The operating costs payable every month come to a total of R50,000, calculated as follows
- 1,000 sqm of office GLA x R50 / sqm operating costs
- 100 sqm of terraces (SRA) x R0 operating costs (not applicable)
- 75 sqm of storage (SRA) x R0 operating costs (not applicable)
- 85 sqm of balconies (SNRA) x R0 operating costs (not applicable)
Complete example – gross rental with SNRA
The tenant will pay, in total, R267,625 every month (excluding expenses on top of gross rental), calculated as follows
- 1,000 sqm of office GLA x R200 / sqm rental + 1,000 sqm of office GLA x R50 / sqm operating costs
- 100 sqm of terraces (supplementary space – rent attracting) x R120 / sqm rental + 100 sqm of terraces (SRA) x R0 operating costs (not applicable)
- 75 sqm of storage (SRA) x R75 / sqm rental + 75 sqm of storage (SRA) x R0 operating costs (not applicable)
- 85 sqm of balconies (SNRA) x R0 / sqm rental + 85 sqm of balconies (SNRA) x R0 operating costs (not applicable)
