Wholesale
Silverfin Capital

Lunns 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
150 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 $57,000.00
Highest Bid
NZD $40,000.00
Active Bidders
1
Last Traded Price
NZD $150,000.00
Last Traded Quantity
3 Units
Last Traded Date
April 24, 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.


The proportionate ownership scheme (as created by the Deed of Participation) is known as the Lunns Road Scheme which includes the land and buildings at 55 Lunns Road, Middleton, Christchurch. The Property is fully leased to K & S Freighters Limited on a new five year lease which commenced on 1 July 2018. K & S operate a multi-modal transport & logistics operation from the Property. The Property is a substantial industrial facility situated in the popular industrial area of Middleton, Christchurch. The large, rectangular 2.3 hectare site contains two warehouses with associated off ice blocks with a combined floor area of 9,157m2.


Investors are currently receiving distributions of 9.00% per annum. The net asset value per unit as at 30 September 2022 is $57,443.

 

150 investment parcels of $50,000 were offered in the Scheme. Each party that applied for an interest and had its application accepted, became an investor in the Scheme. Each Investor acquired a beneficial interest in the Property. The certificate of title to the Property will be held by Lunns Road Nominees Limited (‘Nominee’) as bare trustee for the Investors.


This is an offer open to wholesale and/or eligible investors only.

55 Lunns Road

55 Lunns Road, Middleton, Christchurch, 8024

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Silverfin Capital