Brand New Premium Grade Auckland Office Complex

96 St Georges Bay Road, Parnell

By Negotiation

Download Email
Brand New Premium Grade Auckland Office Complex | 96 St Georges Bay Road, Parnell | 1686029 |      X Close

Brand New Premium Grade Auckland Office Complex

7%pa forecast pre-tax return* paid monthly

- Xero Limited is the anchor tenant, making this their new Auckland base. They are the market leading cloud accounting software company with 1.386 million subscribers, and ASX listed with a market capitalisation of approximately A$6.31 billion+. The lease provides for an initial term of 12 years with rights of renewal until 2042. There is a bank guarantee for $13,500,000 plus GST (which reduces to nil during the initial 12 year term of the lease).

- Two other major tenants, both with initial 10 year leases, are making the property their new corporate headquarters.

- Constructed by one of New Zealand's leading property developers - the award winning

Mansons TCLM Limited, who will also provide a 10 year capital expenditure warranty++.

- Offer is fully underwritten.

For a copy of the Product Disclosure Statement, details of a presentation near you or more information including a video please contact the selling agents or visit the website:


*Details on how the forecast pre-tax cash return is calculated and the risks associated with this investment can be found in the Product Disclosure Statement. The actual returns could differ from the forecast returns. Augusta Funds Management Limited is the issuer of the Units. The offer of Units is made on the terms outlined in the Product Disclosure Statement dated 10 July 2018. 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. Neither Augusta Funds Management Limited nor any other person guarantees the Units being offered, nor warrants or guarantees the future performance of the Trust, the Units or any return on the investment.

+ Xero Limited's market capitalisation as at 5 July 2018. ++ Warranty is from Mansons TCLM Limited and Mansons Properties (Parnell) Limited