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.
The opportunity exists for wholesale investors to express interest in purchasing units in the DABS Broadway Ave Limited Partnership.
The property is situated off the north-western side of Main Street between Princess Street and Victoria Avenue. The site extends through to Broadway Avenue to the north-west. The location is within 600 metres of Palmerston North’s Central Square. City amenities and services are all readily accessible from the locality.
The property provides a newly developed two-level office building with associated standalone storage building and on-site car parking, occupied by three public health organisations. During 2019/20 the main building underwent demolition and redevelopment works to the older building areas, along with integration and retainment of the newer portion of the building to provide for high quality two- level office block accommodation. The completed development including onsite parking and storage building facility provides primary frontage to Main Street and secondary frontage to Broadway Avenue.
The Outer Business Zone is just outside the Central Business District and allows for less intensive low-rise development including retail, office, light industrial and commercial services complimenting and supporting activities in the neighbouring Inner Business Zone.
200 Broadway Avenue and 591 Main Street, Palmerston North
DAB's Consulting Limited is offering 250,000 units for sale to replace existing investor capital. This represents 7.09% of the equity invested in the Limited Partnership.
This opportunity provides an income return equating to 6.25% per annum pre-tax ($31,250 per annum paid monthly).
For further information please see the investors information pack in the documents tab or click the "Register Interest" button to be put in contact with the Manager.
Financial accounts and reports are available upon request.
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