Bayleys Syndication and Investment Products - Previous Offers
ASB, 360 Dominion Road, Mt Eden, Auckland
Offer Open date: 6 July 2012
Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)
360 Dominion Road sits on a prominent, high profile 8,090 square metres mixed use site with three street frontages. In addition to being only 5kms south of the CBD, the Property is easily accessible with motorway access via nearby interchanges and other options including bus and rail. At the time of the offer the property was subject to a single lease to ASB Bank on a 12 + 6 year lease from 1 July 2012. Annual rental growth was provided for with fixed annual 2.5% rent reviews until 2024. The minimum investment was $50,000 with a total of 340 units available. The $17 million equity raise was completed in record time with very high levels of enquiry.
The property as a whole was subsequently sold in 2016 with investors receiving $73,592.00 per unit providing investors with an IRR of 18.17%
Details of how the return is calculated and the risks associated with the investment are set out in the original Investment Statement.
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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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