Bayleys Syndication and Investment Products - Previous Offers
Countdown Distribution Centre, 146 Shands Road, Christchurch
Offer Open date: 23 November 2015
Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)
146 Shands Road, Hornby, Christchurch is Progressive Enterprise’s only South Island distribution centre. This substantial industrial property was originally built in 2000 with significant alterations undertaken in 2012. It occupies a prominent corner location in the well regarded industrial suburb of Hornby. The property has a 20 year lease from the 30 August 2004, plus 3 rights of renewal of 10 years each, providing a final expiry of 29 August 2054.
The offer comprised of 503 units of $50,000 each, with the vendor subscribing for 120 units, leaving 383 available for investment. The projected cash return was 8% per annum for the first full year ending 31 March 2017. The Shands Road opportunity closed significantly oversubscribed.
Details of how the return is calculated and the risks associated with the investment are set out in the original Investment Statement.
Financial Advice Provider Group Limited (FSP773191) holds a licence issued by the Financial Markets Authority to provide financial advice. Bayleys Real Estate Limited (FSP773133) is authorised by that licence to provide financial advice.
The content of this website is general in nature – it is not intended to be financial advice and should not be relied on when making your investment decisions.
Before deciding whether to invest in any financial products available through Bayleys Real Estate Limited, you should obtain independent financial advice that takes account of your personal financial goals and circumstances.
Bayleys Real Estate Limited cannot provide you with any such independent financial advice. Important information about the financial advice service provided by Bayleys Real Estate Limited is available here. No person including Bayleys Real Estate, our Financial Advisers (selling agents), or the manager of the scheme, guarantees or promises any return to investors.
Should you wish to make a complaint, further information is available here.