Wholesale
Mackersy Property Limited

AA Insurance - 46 Sale St

Commercial Property

Register Interest

WARNING

The law normally requires people who offer financial products to give information to investors before they invest. This information is designed to help investors make an informed decision.

If you are a wholesale investor under the definition of that term in clause 3 of Part 1 Schedule 1 of the Financial Markets Conduct Act 2013, the usual rules do not apply to offers of financial products made to you. As a result, you may not receive a complete and balanced set of information.

You will also have fewer other legal protections for these investments. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.

Transaction Size
NZD 82,000,000.00
Share Price
Minimum Investment
NZD 100,000.00
Issue Type
Commercial Property
Sector
Property

We are excited for the first time to offer investors the chance to register interest to invest in the latest Mackersey Property investment opportunity.

Mackersey Property as a leader in New Zealand commercial property investment has accumulated one of the largest portfolios in the country over it's 25 years in the market.

Mackersy Property has secured the opportunity to purchase a NZGBC 5 star rated office building located at 46 Sale Street in Central Auckland. This premium grade office building was completed in 2017 with AA Insurance as the anchor tenant occupying three of the seven levels.

Key points:

  • Prime location – Auckland CBD
  • 100% occupancy anchored by AA Insurance
  • $7,767,788 net income
  • 7.80 year WALT
  • Fixed 3% rental growth per annum
  • 3 year old building
  • Freehold tenure
  • 6.00% gross return
  • $100,000 parcels

The Process

The Property is under contract and positive progress has been made in completing due diligence on the asset. Due diligence includes legal, building, engineering, geotechnical, valuation, tenant financial strength along with a variety of market research tools. An Information Memorandum with supporting due diligence documentation estimated to be available early December 2020.

Indicative Returns

The indicative return of 6.00% has been assumed on reconciliation of the property net rentals, indicative bank funding offers and establishment fees. Multiple funding offers are currently under negotiation to ensure the best possible long term structure for the asset and return to investors.

For further details, click on the Documents tab and you can access the Investment Flyer.

Register Interest and someone from Mackersey Property will contact you to discuss further.

Information Memorandum - AA Insurance Building
December 2, 2020
2/12/2020
46 Sale Street - Flyer
November 27, 2020
27/11/2020

Join our Issuer newsletter

Our quarterly Issuer newsletter is for partners, businesses and anyone interested in what we’re up to, platform updates and market commentary. To sign up to the Investor newsletter for marketplace offers click here.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.