Wholesale
Silverfin Capital
20 Duke Street

20 Duke Street Scheme

Commercial Property

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Warning

The offer set out here is not a regulated offer for the purposes of the FMCA. This offer is only available to those who meet the criteria as an "eligible" investor under the FMCA and provide appropriate certificates to that effect or are otherwise exempt from the disclosure requirements under one of the exclusions in Schedule 1 of the FMCA.

Because this is not a regulated issue and the issue is not a registered retail managed investment scheme, investors will have fewer legal protections for this investment. Investors should make sure they understand the consequences, ask questions, read the document carefully and seek independent financial and legal advice before making the commitment to invest.

*All information contained in the Scheme Information section is as at the Information Memorandum date.

Total Share/Units
263 Units
Min Investment
1 Unit
Min Invest Value
NZD 50,000.00
Par Value
NZD 50,000.00
Issuer
Silverfin Capital
Issue Type
Commercial Property
Sector
Commercial Property
Offer End Date
May 26, 2021

Silverfin Capital is pleased to announce that the 20 Duke Street Scheme offer is now open. The Scheme offers investors an opportunity to acquire a share of a beneficial interest in the land and buildings at 20-28 Duke Street, Frankton, Hamilton. The property is 100% leased to RJ Hill Laboratories Ltd, New Zealand’s largest private analytical testing facility with 11.3 years remaining on the lease (as at 31/03/21). The offer is available to wholesale and eligible investors only.

The proportionate ownership scheme (as created by the Deed of Participation) will be known as the 20-28 Duke Street Scheme (‘the Scheme’). The Property is a large single storey warehouse frame structure, featuring a small mezzanine second level, which provides office and laboratory amenities to tenant RJ Hills Laboratories Limited (‘the Tenant’). Located in the established industrial precinct of Frankton, Hamilton the property features dual street access, full drive around capabilities and 192 carparks. The property was constructed in 2006 for NZ Post and underwent alterations and improvements throughout 2016-2018 to convert the property into a space suitable for the needs of Hills Laboratory. The Hills Laboratory lease commenced 1 July 2017.

263 investment parcels of $50,000 each ('Interests') are being offered in the Scheme. Each party that applies for an Interest, and has its application accepted, will become an investor in the Scheme (‘Investor’). Investors may apply for one or more Interests. Each Investor will acquire a beneficial interest in the Property. The record of title to the Property will be held by 20 Duke Street Scheme Nominees Limited (‘Nominee’) as bare trustee for the Investors. The Scheme intends to subscribe for two Interests, which means that a maximum of 261 Interests will be available to Investors. These two Interests will be held by the Scheme to be on-sold to fund capital expenditure requirements as and when they arise.

Property Name Location Address
20-28 Duke Street Frankton 20-28 Duke Street, Frankton, Hamilton, 3204

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20 Duke Street Scheme Information Memorandum -23 April 2021
4/26/2021
26/4/2021

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