88 Saint Hill Street 

  Commercial Property  

 88 Saint Hill Street Scheme 

  Silverfin Capital  

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.

Overview

*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


Issuer:
Silverfin Capital
Issue Name:
88 Saint Hill Street Scheme
Market:
Commercial Property
Market Type:
Commercial Property

isEOI: false

Financials

Investment Type:Wholesale

Wholesale Investment Type: NZ Wholesale MIS

Total Units/Shares:184

Min Investment Units/Shares:1

Min Investment Value:NZD 50,000.00

Par Value:NZD 50,000.00


Establishment Date: 20 June 2019

Financial Year End: 31 March 2021

Market Snapshot

Last Traded Value:NZD 50,000.00

Last Traded Price:NZD 50,000.00

Last Traded Quantity:1

Last Traded Date: 16 August 2020

Property Details

The Property is a stand-alone department store that was completed for Farmers in 2015. The two-level department store comprises approximately 5,661m² over the ground and first floors on a 5,986m² freehold site. The Property is situated in a prime inner-city location with dual street frontages to Saint Hill Street and Maria Place with direct walkway access to Victoria Avenue - Whanganui’s main retail street. The building was designed by Ignite Architects Limited. The main contractor was Watts & Hughes Construction Limited and the engineer for the project was BGT Structures Limited (BGT). The structural walls are typically precast concrete and the roof is long run colour steel. The department store is fully air-conditioned and contains two internal escalators as well as two hydraulic elevators, one for customers and the other for goods.


Property Name:
88 Saint Hill Street
Address:
88 Saint Hill Street, Whanganui 4500
Age of Property:
4
Net Lettable Area:
5,661m²
Land Area:
5,986m²
Proportion Occupied:
100.00
Occupant Commencement Term
The Farmers’ Trading Company Limited 25/02/2015 25

Contact

Website: http://silverfin.nz/

Email: info@silverfin.nz

Phone:+64 9 216 8626

Document Name Description Date Uploaded
SF0104 QR1 FY21 SHS FINAL SF0104 QR1 FY21 SHS FINAL 24 July 2020 Preview/Download
SHS 2020 Financial Statements 17 June 2020 Preview/Download
88 Saint Hill Street Scheme Update 20200528 28 May 2020 Preview/Download
88 Saint Hill Street Scheme Update 20200428 28 April 2020 Preview/Download
SHS Q4 2020 SHS Q4 2020 14 April 2020 Preview/Download
88 Saint Hill Street Scheme Update 20200331 88 Saint Hill Street Scheme Update 31/03/2020 31 March 2020 Preview/Download
88 Saint Hill Street- QR3 FY20 88 Saint Hill Street- QR3 FY20 10 February 2020 Preview/Download
88 Saint Hill Street- QR2 FY20 88 Saint Hill Street- QR2 FY20 31 October 2019 Preview/Download
88 Saint Hill Street- QR1 FY20 31 July 2019 Preview/Download
190318 Farmers, 74-96 St Hill Street - MV 2019 Valuation Report 74-96 St Hill Street 2019 24 June 2019 Preview/Download
18-02-26-Insurance Certificate Insurance Certificate 24 June 2019 Preview/Download
190617 88 Saint Hill Street Scheme - Deed of Participation 88 Saint Hill Street Scheme - Deed of Participation 24 June 2019 Preview/Download
88 Saint Hill Street Scheme Information Memorandum 8 Mar 2019 88 Saint Hill Street Scheme IM 8 Mar 2019 8 March 2019 Preview/Download
Zoom: 10

Silverfin Capital

 
You have no issues to report on under this issuer.
 
You have no issues to report on under this issuer.
 
You have no issues to report on under this issuer.
Traded Date Traded Quantity Traded Unit Price Traded Value Par Value Trade Event
16 August 2020 1  Units NZD 50,000.00 NZD 50,000 NZD 50,000 On Market Trade
21 July 2020 1  Units NZD 50,000.00 NZD 50,000 NZD 50,000 On Market Trade

Secondary Market - 88 Saint Hill Street Scheme Wholesale

No secondary market listings for this issue availble at this time. Check the Exchange for more listings.