Bayleys Syndication and Investment Products - Previous Offers
12 Brick Street, Henderson, Auckland
Offer Open date: 26 June 2013
Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)
12 Brick Street is an impressive industrial property located in Henderson, Auckland. This property has a 20 year lease from 28 March 2013 (with a right to surrender on the 15th anniversary of the lease’s commencement with 18 months’ notice) to D&H Steel Construction Limited. The lease provides for growth through annual rent reviews to CPI and market reviews every 5 years (adjustment on market reviews subject to a cap of 110% and a collar of 90%).
The investment opportunity offered a projected pre-tax cash return of 8.5% for the first full year period. The offer raised $11 million in investor equity comprised of 210 $50,000 units and was available only to Qualifying Investors.
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.
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