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32,400sqm Floor area
32,400sqm Land area SQM

Asking Price

PROJECTED 9% CASH RETURN PA*


10 YEAR LEASE TO CARTER HOLT HARVEY LIMITED, PAPER BAG DIVISION\n\n- Heartland Auckland industrial property\n- New 10 year lease from settlement plus three rights of renewal of 5 years each\n- Home to Carter Holt Harvey Paper Bag division\n- Superbly located in Auckland's most established industrial precinct - Penrose, on a site comprising approximately 3.24 Hectares\n- Single asset, single tenant investment\n- Low site coverage with significant room for future expansion and tenant option to require extension works\n- Annual growth through annual rent reviews to CPI (capped at 2.5% pa) and market reviews every 5 years\n- Projected 9% pa Cash return* - paid monthly\n- Limited availability - 192 Proportionate Shares at $50,000 each\n- Professionally managed by Augusta Funds Management Limited\n- Scheme overseen by Covenant Trustee Company Limited as statutory supervisor\n- Offer fully underwritten by Augusta\nCapital Limited\n\nClick here here for further information.\n\n*Projected pre-tax return for full one year period. The Prospectus contains details of how the return for the investment will be calculated and the risks associated with this investment and return. The projected return is based on the principal assumptions and method of calculation described 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. Disclosure Statements for the selling agents are available on request and free of charge. No money should be sent other than accompanying an application form as set out in the Investment Statement.

Mike Houlker

Mike Houlker


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Samara Phillips

Samara Phillips


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Limited Availibility


192 Proportionate Shares at $50,000 each

Site Comprises


Approx 3.24 hectares

Superb Location


Penrose, Auckland