LATEST OFFER – NOW CLOSED

Fully paid ordinary shares in 67 Courtenay Street Limited
at an offer price of $1.00 each. Courtenay Street Limited has been established to acquire the property at 67 Courtenay Street.

Minimum investment $25,000
in parcels of 25,000 fully paid ordinary shares in 67 Courtenay Street Limited.

8.5% per annum Projected Pre Tax Cash Return*

*The projected return is based on holding one parcel of shares (at the issue price of $25,000 per parcel) for the period from 1 April 2015 to 31 March 2017. Prospective financial information for 67 Courtenay Street Limited is set out in the registered prospectus for the offer dated 22 January 2015.

The Warehouse Store

67 Courtenay Street, New Plymouth

Good location
The Property has dual frontages to Devon Street East and Courtenay Street in New Plymouth and is located next to the heart of New Plymouth’s central business district.


Strong Covenant
The tenant is The Warehouse Limited, a wholly owned subsidiary of The Warehouse Group Limited – a listed public company and one of New Zealand’s largest retail groups.


Long Term Lease
The tenant has recently entered into a new 12 year lease that expires on 2 October 2026.


Sound & modern building
The current owner has spent $1.2 million on refurbishing the building, which has an estimated critical seismic capacity of at least 135% of the New Building Standard.


Good value
The Property is being acquired for $10,515,000, which is a discount to its independently assessed market value of $11,000,000.