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Investment in a New Zealand limited partnership which will acquire the Property. |
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A new Countdown supermarket is being constructed on the Property, which will be trading by settlement. |
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Total land holding of 1.8402 hectares. |
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The property is positioned on Peachgrove Road, a main arterial road, and a short distance east of the Hamilton central business district. |
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15 year lease from the settlement date (expected to be 22 December 2015) plus 6 rights of renewal of 5 years each, giving a potential total lease term of 45 years. |
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Leased to General Distributors Limited, part of the Progressive Enterprises business which operates the Countdown supermarkets, and franchise the Fresh Choice and Super Value supermarkets, throughout New Zealand.¹ |
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Single asset, single tenant investment. |
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To request a copy of the Investment Statement please reply to this email, visit the below website or contact the below selling agents: |
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