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Investment in a New Zealand limited partnership which will acquire the Property. |
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Progressive Enterprise’s only South Island distribution centre. |
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A substantial industrial property originally built in 2000 with significant additions and alterations in 2012. |
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Prominent corner location at the intersection of the arterial Shands Road and Halswell Junction Road in the well regarded industrial suburb of Hornby, Christchurch. |
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20 year lease from the 30th August 2004 (having currently just under 9 years to run on the present term) plus 3 rights of renewal of 10 years each providing a final expiry of 29th August 2054. |
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Leased to General Distributors Limited, guaranteed by Progressive Enterprises Limited who (either directly or through its related companies) operate the Countdown supermarkets, and franchise the Fresh Choice and Super Value supermarkets, throughout New Zealand. |
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Single asset, single tenant investment. |
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| For a copy of the Investment Statement and Valuation Report please reply to this email, visit the website www.investindistribution.co.nz or contact the below selling agents. |
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| * Projected pre-tax return for full one year period. Details on how the return will be calculated and the risk associated with this investment and return are set out in the Prospectus. Prospective investors are recommended to seek professional advice from an Authorised Financial Adviser which takes into account their personal circumstances before making an investment decision. The selling agents are not providing personalised advice, but will provide all prospective investors with a copy of the Investment Statement and valuation report. |
