Wholesale
Silverfin Capital

5 Reliable Way 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.

Total Share/Units
308 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 $54,000.00
Highest Bid
NZD $50,000.00
Active Bidders
1
Last Traded Price
NZD $52,000.00
Last Traded Quantity
1 Unit
Last Traded Date
October 21, 2022

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


The 20,324sqm freehold site is located at 5 Reliable Way, Mount Wellington, 12 kilometres south-east of Auckland’s CBD within an established industrial locality. Major occupiers within the immediate vicinity include Fulton Hogan, Skellerup and Sky New Zealand. Sylvia Park Shopping Centre is three kilometres to the south-east, and access to State Highway One is approximately 2.5 kilometres to the west.


Investors are currently receiving distributions of 5.50% per annum. The net asset value per unit as at 30 September 2022 is $74,979.


The Property has a net lettable area of 10,528sqm and was constructed in two stages. The first stage consists of a warehouse with a 8.5m stud height and associated office. The second stage consists of a larger, single span warehouse with a 11m stud height. The Property meets a seismic rating of 100% of New Building Standard.


308 investment parcels of $50,000 each were offered in the Scheme. The Scheme is projected to provide a pre-tax cash return of 7.0% per annum (annualised) for the period to 31 March 2022. The cash return does not take into account any increase or decrease in the value of the Property or any other non-cash items. It also does not take tax or depreciation into account. Neither Silverfin, the Nominee nor any other person guarantees or promises these projected cash returns to Investors or any payment of returns by the Scheme. The actual returns paid could differ from the projected returns.

5 Reliable Way

5 Reliable Way, Mount Wellington, Auckland ,1060

220802 QR1 FY23 5RW FINAL
220802 QR1 FY23 5RW FINAL
1/8/2022
5 Reliable Way Scheme IM 15 June 2020
5 Reliable Way Scheme IM 15 June 2020
15/6/2020
FY22 Q3 5RW
FY22 Q3 5RW
14/2/2022
FY22 QR4 5RW
FY22 QR4 5RW
13/5/2022
FY23 QR2 5RW
FY23 QR2 5RW
2/11/2022