Wholesale
Silverfin Capital

88 Saint Hill Street 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. 

*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
184 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 50,000.00
Highest Bid
NZD 44,000.00
Active Bidders
2
Last Traded Price
$50,000.00
Last Traded Quantity
1 Unit
Last Traded Date
July 21, 2020

*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 (‘Silverfin’) offers investors an opportunity, through a proportionate ownership scheme, to acquire a share of a beneficial interest in the land and buildings at 88 Saint Hill Street, Whanganui (referred to as ‘the Property’). The proportionate ownership scheme (as created by the Deed of Participation) will be known as the 88 Saint Hill Street Scheme (‘the Scheme’). The Property is a two-level department store of 5,661m² that is fully leased to The Farmers’ Trading Company Limited (‘Farmers’) on a 25-year lease which commenced on 26 February 2015.

184 investment parcels of $50,000 each are being offered in the Scheme. Each party that applies for an interest (‘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 88 Saint Hill Street Nominees Limited (‘Nominee’) as bare trustee for the Investors.

Key Investment Highlights

  • $50k investment parcels
  • 7.75% projected pre-tax cash return p.a. (projected until 31-3-2021)
  • 100% leased to The Farmers' Trading Company Ltd
  • 25 year lease with 21 years remaining (as at 25-2-2019)
  • New build in 2015 with 100% NBS
  • Annual rent reviews (indexed to inflation)
  • Offer for wholesale/eligible investors only
Property Name Location Address
88 Saint Hill Street 88 Saint Hill Street, Whanganui 4500

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SF0104 QR1 FY21 SHS FINAL
SF0104 QR1 FY21 SHS FINAL
26/7/2020
SHS 2020 Financial Statements
SHS 2020 Financial Statements
17/6/2020
88 Saint Hill Street Scheme Update 20200528
88 Saint Hill Street Scheme Update 20200528
3/6/2020
88 Saint Hill Street Scheme Update 20200428
88 Saint Hill Street Scheme Update 20200428
3/6/2020
SHS Q4 2020
SHS Q4 2020
21/4/2020
88 Saint Hill Street Scheme Update 20200331
88 Saint Hill Street Scheme Update 20200331
3/6/2020
88 Saint Hill Street- QR3 FY20
88 Saint Hill Street- QR3 FY20
21/4/2020
88 Saint Hill Street- QR2 FY20
88 Saint Hill Street- QR2 FY20
21/4/2020
88 Saint Hill Street- QR1 FY20
88 Saint Hill Street- QR1 FY20
31/7/2019
190617 88 Saint Hill Street Scheme - Deed of Participation
190617 88 Saint Hill Street Scheme - Deed of Participation
24/6/2019
190318 Farmers, 74-96 St Hill Street - MV 2019
190318 Farmers, 74-96 St Hill Street - MV 2019
24/6/2019
18-02-26-Insurance Certificate
18-02-26-Insurance Certificate
24/6/2019
88 Saint Hill Street Scheme Information Memorandum 8 Mar 2019
88 Saint Hill Street Scheme Information Memorandum 8 Mar 2019
8/3/2019