MyFarm Limited

Gold Income LP Secondary Offer


Register Interest

WARNING The law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to this offer if you are a person who comes within Schedule1, clause 3(2)(a)-(c) or 3(3)(a)-(b)(ii) (inclusive) of the Financial Markets Conduct Act 2013. This includes where the amount invested upfront by the investor (plus any other investments the Investor has already made in the financial products) is $750,000 or more.


If you fall within Schedule 1, clause 3 of the FMCA as a result of this exclusion, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for this investment. Investments of this kind are not suitable for retail investors. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.


Transaction Size
NZD 3,507,000.00
Share Price
NZD 1.00
Minimum Investment
NZD 50,000.00
Issue Type

The Offer is to wholesale investors of Secondary market units representing partnership capital in Gold Income LP, a Limited Partnership which has been formed in May 2021 to acquire established SunGold orchards during calendar year 2021. The Partnership will purchase orchards and meet orchard purchase costs and syndicate establishment costs using a combination of contributed capital to be raised in this Offer and bank debt to a maximum overall loan to value ratio (‘LVR’) of 35%. The calculation of LVR excludes establishment fees and costs. The LVR for a particular orchard purchase may go as high as 50% in the short term to fund the initial settlement.

The Offer is to raise $3,507,000 of additional underwritten units in Gold Income LP.

The offeror has purchased a property at the Cnr of State Highway 10 and Stanners Road Kerikeri and the Rangitaiki Orchard ('The Property') located at 163 Western Drain Road, Edgecumbe. This is an orchard which, subject to a subdivision, consists of a total of 14.99cha of planted SunGold Kiwifruit (9.62 planted in 2019 and 5.37 planted in 2020). The property includes a newly constructed 17 bed worker accommodation unit; quality worker accommodation is in exceptionally short supply in the Bay of Plenty.

Gold Income LP will lease the Rangitaiki Orchard to MyFarm's new Bay of Plenty operating partner, EastPack limited ('EastPack'). EastPack is grower owned and the largest postharvest operator in the New Zealand kiwifruit industry. The worker accommodation will be leased separately to another MyFarm Partner which will be confirmed at a later date.

As a limited partner the maximum amount payable is $1.00 per Unit and no other payments are required to be made other than those specifically agreed to. The minimum investment is $50,000 and thereafter the size of an investment can be increased in multiples of $10,000 (10,000 Units). Payment of $1/Unit is due at the time of application.

IMPORTANT NOTE: This offer and particularly the purchase structure around this property has certain complexity to it. We strongly urge all potential investors to read all Information Memorandums and the Stanners Road Property Report in this regard.

IMPORTANT NOTE: 100% payable on application.

Gold Income Limited Partnership-Secondary Market Offer IM-16 Nov 21
November 17, 2021

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