Wholesale
Silverfin Capital

704 Halswell Junction Road Scheme

Commercial Property

Bid

This offer by Silverfin Capital Limited is limited to persons who are wholesale investors for the purposes of the offer in terms of clause 3(2) or 3(3)(a) of Schedule 1 of the Financial Markets Conduct Act 2013. No product disclosure statement for the purposes of that Act has been prepared and none is required for the wholesale offer. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself. This Information Memorandum has been prepared for general information purposes only and investors should carry out their own independent review, investigations, analysis and assessment of the information in this document and of subsequent documents that are available upon request.

*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
201 Units
Min Investment
1 Unit
Min Investment Value
NZD 50,000.00
Par Value
NZD 50,000.00
Quantity on Offer
8 Units
Offer Price
NZD 480,000.00
Highest Bid
NZD 288,000.00
Active Bidders
1
Last Traded Price
$112,000.00
Last Traded Quantity
2 Units
Last Traded Date
November 9, 2021

*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.

Silverfin Capital Limited has delivered a proportional ownership scheme (as created by the Deed of Participation) known as 704 Halswell Junction Road Scheme. Investors through a proportionate ownership scheme acquire a share of a beneficial interests in the land and buildings at 704 Halswell Junction Road, Hornby, Christchurch.

Investors are currently receiving distributions of 7.75% per annum. The net asset value per unit as at 30 September 2021 is $52,021.

The Tenant 

The Property is 100% leased to Metropolitan Glass & Glazing Limited on a 10 year lease which commenced 1 May 2016, there is a further right of renewal of 10 years which takes the final expiry date to 30 April 2036 (if renewed). Metro Glass is Australasia’s market leader in the provision of high-performance glass to the Australasian residential and commercial construction market. Metro Glass has an extensive network of four processing and sixteen distribution/retail sites across New Zealand. In addition, via its subsidiary Australian Glass Group, it operates two processing and distribution sites in Melbourne and Sydney.

Metro Glass operates from the 704 Halswell Junction Road premises six and a half days a week, around the clock – making it an integral site for the Metro Glass’ South Island business. Australian Glass Group is Australasia’s leading manufacturer and installer of double glazed windows for both the new residential and retrofit markets. Metro Glass process annealed, toughened, laminated, painted, and digitally printed glass products for applications ranging from mirrors, showers, balustrades, fencing, and kitchen splashbacks to commercial facades.

Property & Location

The Hornby area is one of the most sought after industrial locations in Christchurch and continues to grow at a rapid pace. The roading network and new roading developments taking place are a big driver for industrial demand and the Property is well positioned near the highly sought-after corner of Shands Road and Halswell Junction Road. The building was constructed in 2004 and the site has full drive around access to the building, with two separate ingress and egress points to the site. The 18 strategically placed roller doors in the warehousing provide loading, drive through, ease and efficiency to the building. 


Property Name Location Address
704 Halswell Junction Road Christchurch 704 Halswell Junction Road, Hornby South, Christchurch, 8042

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HJR QR2 FY22 FINAL V2
HJR QR2 FY22 FINAL V2
2/11/2021
QR1 FY22 HJR FINAL
QR1 FY22 HJR FINAL
20/7/2021
HJR Financial Statements to 31 March 2021
HJR Financial Statements to 31 March 2021
10/6/2021
Valuation - 704 Halswell Junction Rd March 21
Valuation - 704 Halswell Junction Rd March 21
21/5/2021
QR4 FY21 HJR FINAL
QR4 FY21 HJR FINAL
27/4/2021
QR3 FY21 HJR FINAL
QR3 FY21 HJR FINAL
26/2/2021
QR2 FY21 HJR FINAL
QR2 FY21 HJR FINAL
26/2/2021
HJR 2020 Financial Statements
HJR 2020 Financial Statements
9/11/2020
704 Halswell Junction Road Scheme Update 20200528
704 Halswell Junction Road Scheme Update 20200528
3/6/2020
200407 FINAL Halswell Junction 704 VAL 0220
200407 FINAL Halswell Junction 704 VAL 0220
13/7/2020
704 Halswell Junction Road Scheme Update 20200428
704 Halswell Junction Road Scheme Update 20200428
3/6/2020
Halswell Junction Road Quarterly Report, Q4 FY20
Halswell Junction Road Quarterly Report, Q4 FY20
3/5/2020
704 Halswell Junction Road Scheme Update No2
704 Halswell Junction Road Scheme Update No2
3/5/2020
704 Halswell Junction Road Scheme Update 20200331
704 Halswell Junction Road Scheme Update 20200331
3/6/2020
Halswell Junction Road Quarterly Report, Q3 FY20
Halswell Junction Road Quarterly Report, Q3 FY20
3/5/2020
Halswell Junction Road Quarterly Report, Q2 FY20
Halswell Junction Road Quarterly Report, Q2 FY20
3/5/2020
Halswell Junction Road Quarterly Report, Q1 FY20
Halswell Junction Road Quarterly Report, Q1 FY20
3/5/2020
Halswell Junction Road Quarterly Report, Q3 FY19
Halswell Junction Road Quarterly Report, Q3 FY19
3/5/2020
Halswell Junction Road Quarterly Report, Q2 FY 2019
Halswell Junction Road Quarterly Report, Q2 FY 2019
3/5/2020
704 Halswell Junction Road deed of participation - FINAL.pdf June 2018
704 Halswell Junction Road deed of participation - FINAL.pdf June 2018
27/6/2018
704 Halswell Junction Road Information Memorandum April 2018
704 Halswell Junction Road Information Memorandum April 2018
11/4/2018