Offer Open date: 30 November 2015
Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)
160 Peachgrove Road, Hamilton is situated on a main arterial road and is only a short distance from Hamilton’s CBD. The property boasts a new Countdown Supermarket, which began trading just before settlement. The supermarket has a 15 year lease from the settlement date (22 December 2015) with a potential total lease term of 45 years (6 rights of renewal of 5 years each).
The offer had 220 units of $50,000 each and a projected cash return of 7.5% per annum for the first full year ending 31 March 2017. The Peachgrove opportunity closed significantly oversubscribed.