What is the average payout for collective sale based on unit size for an owner of a 1765 square feet unit at 62 Wilkie Road?

To calculate how much an owner of a 1765 square feet unit at 62 Wilkie Road would receive in the event of a collective sale, we need to consider the total sale price and the distribution based on the strata area of each unit.

Total Sale Price

The combined site of 62 and 64 Wilkie Road is priced at $19.5 million. However, if we focus only on 62 Wilkie Road, which was relaunched for collective sale at a guide price of $10 million.

Strata Area Distribution

Since the sale proceeds are typically distributed based on the strata area of each unit, here is a simplified approach:

- Assume the total strata area of 62 Wilkie Road is the sum of the areas of its 3 units. For example, if one unit is 1765 square feet, and assuming similar sizes for the other units, the total strata area would be approximately 5295 square feet (1765 * 3).

Calculation

If the sale price for 62 Wilkie Road is $10 million, and the total strata area is approximately 5295 square feet, the distribution per square foot would be:

[ \text{Price per square foot} = \frac{$10,000,000}{5295 \text{ square feet}} \approx $1,887 \text{ per square foot} ]

For a unit with 1765 square feet:

[ \text{Amount for the unit} = 1765 \text{ square feet} \times $1,887 \text{ per square foot} \approx $3,329,655 ]

So, an owner of a 1765 square feet unit at 62 Wilkie Road could potentially receive around $3.33 million if the collective sale goes through at the guide price of $10 million.