Wholesale
Silverfin Capital
20 Duke Street

20 Duke Street Scheme

Commercial Property

Bid

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.

Quarterly Reports (which provide investors with updates on the Scheme) are available from Silverfin Capital upon request. Please email yulena@silverfin.nz.

Total Share/Units
263 Units
Min Investment
1 Unit
Min Investment Value
NZD 50,000.00
Par Value
NZD 50,000.00
Quantity on Offer
1 Unit
Offer Price
NZD 49,000.00
Highest Bid
Active Bidders
Last Traded Price
$200,000.00
Last Traded Quantity
4 Units
Last Traded Date
June 18, 2021

Silverfin Capital's 20 Duke Street includes 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). This is a Scheme for wholesale and/or eligible investors only.

As at 31 March 2022 investors are being paid monthly distributions of 5.50% per annum which will drop to 4.20% per annum at 01 June 2022 (see quarterly report dated 31 March 2022 for explanation). The net asset value per unit as at 31 March 2022 is $48,653.

The proportionate ownership scheme (as created by the Deed of Participation)is 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') were offered in the Scheme. Each party that had its application accepted become an investor in the Scheme (‘Investor’). 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 acquired two Interests, which means that a maximum of 261 Interests were available to Investors. These two Interests held by the Scheme will be on-sold to fund capital expenditure requirements as and when they arise.

Quarterly Reports (which provide investors with updates on the Scheme) are available from Silverfin Capital upon request. Please email yulena@silverfin.nz.

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

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QR4 FY22 DSS FINAL
QR4 FY22 DSS FINAL
8/6/2022
20 Duke Street Scheme Information Memorandum -23 April 2021
20 Duke Street Scheme Information Memorandum -23 April 2021
29/5/2022