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Description Area in m ² Replacement cost in m ² Total Replacement cost Shell (Main building)5697 R R Basement1972 R R None0 R - None0 R - Site Improvements R - ########## Rounded R Plus Professional R Demolition Cost3% R Local authority & statutory fees2% R Developers profit5% R Total Replacement Cost (Exc VAT) R Plus R ########## Total Replacement Cost (Inc VAT) R Less Total Depreciation Depreciation rate 0.80 Depreciated Replacement Cost Plus Land Value2235 R Market Value Say

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