17,19 & 21 Home Straight, Te Rapa, Hamilton
Minimum investment $50,000
Three titles comprise a total of approximately 2.9 hectares and hosts three modern office buildings, with a combined net lettable area of 14,738sqm, developed in 2012 (17 & 19 Home Straight) & 2018 (21 Home Straight).
Outstanding tenant covenants
Fonterra subsidiary RD1 Ltd and two government tenants represent the three largest occupants of the business park and provide for 67% of the property income.
Well-located off Te Rapa Road in northern Hamilton within the commercial and industrial precinct.
The combined three properties are leased to 11 tenants, providing exposure to both commercial office and retail tenancies and a combined Weighted Average Lease Term of 5.75 years3
Oyster is a leading New Zealand commercial property and fund manager. The company has expertise in property fund structuring and equity raising, and currently manages over 20 property funds structured for retail and wholesale investors including Oyster Industrial and the diversified Oyster Direct Property Fund.
Oyster manages a range of retail, office and industrial assets throughout New Zealand, with a combined value in excess of $1.8 billion.
Oyster Management Limited is offering investors the opportunity through a proportionate ownership scheme to acquire a proportionate share of, and beneficial interest in, the land and buildings at 17, 19 & 21 Home Straight, Te Rapa, Hamilton.
Interests are being offered at $50,000 each. Investors may apply for one or more interest(s).
|Combined Purchase Price||$69,500,000|
|Loan to Value Ratio4||49.0%|
|Investment Size||$50,000 per interest|
|Annual Net Rental||$4,223,970|
|Forecast Pre-Tax Cash Return to Investor||6% per annum, payable monthly|
How do I invest?
Oyster Management Limited is the manager and the issuer of interests in the Home Straight Park Proportionate Ownership Scheme.
Contact Oyster or Colliers as soon as possible to register your interest and for a copy of the Product Disclosure Statement.