Supplementary space – rent attracting generally comprises these sub-categories of space: office storage, office terrace, industrial yard, parking bays.
An abbreviation for supplementary space – rent attracting is “SRA”.
SRA is one of three categories of space assigned to a property. The other two categories are
Complex spaces are generally formed by the combination of space categories 1. and 2. described above.
Financial specifics for SRA
- Does 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
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 (SRA) 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)
