Rangitaiki 

  Hort  

 Gold Income LP - Rangitaiki 

  MyFarm Investments  

WARNING The law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to this offer if you are a person who comes within Schedule1, clause 3(2)(a)-(c) or 3(3)(a)-(b)(ii) (inclusive) of the Financial Markets Conduct Act 2013. This includes where the amount invested upfront by the investor (plus any other investments the Investor has already made in the financial products) is $750,000 or more.

 

If you fall within Schedule 1, clause 3 of the FMCA as a result of this exclusion, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for this investment. Investments of this kind are not suitable for retail investors. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.

 

Note: We urge you to carefully review the Information Memorandum and additional attachments (if applicable) before lodging an application. In the event that there are any material changes to the Information memorandum communications will be added to the attachments for review.

Overview

The Offer is to wholesale investors of Secondary market units representing partnership capital in Gold Income LP, a Limited Partnership which has been formed in May 2021 to acquire established SunGold orchards during calendar year 2021. The Partnership will purchase orchards and meet orchard purchase costs and syndicate establishment costs using a combination of contributed capital to be raised in this Offer and bank debt to a maximum overall loan to value ratio (‘LVR’) of 35%. The calculation of LVR excludes establishment fees and costs. The LVR for a particular orchard purchase may go as high as 50% in the short term to fund the initial settlement.


The Offer is to raise $3,507,000 of additional underwritten units in Gold Income LP.


The offeror has purchased a property at the Cnr of State Highway 10 and Stanners Road Kerikeri and the Rangitaiki Orchard ('The Property') located at 163 Western Drain Road, Edgecumbe. This is an orchard which, subject to a subdivision, consists of a total of 14.99cha of planted SunGold Kiwifruit (9.62 planted in 2019 and 5.37 planted in 2020). The property includes a newly constructed 17 bed worker accommodation unit; quality worker accommodation is in exceptionally short supply in the Bay of Plenty.


Gold Income LP will lease the Rangitaiki Orchard to MyFarm's new Bay of Plenty operating partner, EastPack limited ('EastPack'). EastPack is grower owned and the largest postharvest operator in the New Zealand kiwifruit industry. The worker accommodation will be leased separately to another MyFarm Partner which will be confirmed at a later date.


As a limited partner the maximum amount payable is $1.00 per Unit and no other payments are required to be made other than those specifically agreed to. The minimum investment is $50,000 and thereafter the size of an investment can be increased in multiples of $10,000 (10,000 Units). Payment of $1/Unit is due at the time of application.


IMPORTANT NOTE: This offer and particularly the purchase structure around this property has certain complexity to it. We strongly urge all potential investors to read all Information Memorandums and the Stanners Road Property Report in this regard.


IMPORTANT NOTE: 100% payable on application.


Manager:
MyFarm Investments
Issue Name:
Gold Income LP - Rangitaiki
Market:
Agriculture
Market Type:
Hort

isEOI: false

Financials

Investment Type:Wholesale

Wholesale Investment Type: NZ Wholesale MIS

Total Units/Shares:12880000

Min Investment Units/Shares:50000

Min Investment Value:NZD 50,000.00

Par Value:NZD 1.00


Establishment Date: 5 November 2021

Financial Year End: 31 March 2025

Market Snapshot

Last Traded Value: 

Last Traded Price:NZD .00

Last Traded Quantity:

Last Traded Date:

Property Details

The orchard comprises 9.62 cha of 2019 planted SunGold and 5.37 cha of 2020 planted SunGold. Key features of the Orchard include: • Permanent shelter on western boundary (mature cryptomeria) and eastern boundary (immature casuarinas). • Internal overhead and undervine artificial shelter. • Pergola vine support structures comprising a 5.5m by 3.6m bays of No 2 quarter round posts, supporting an overhead structure made of ag-beams and wire. • Rows are double or triple planted. Male vines planted every second-row every second-bay. • Vines irrigated via droppers from an overhead lateral irrigation line. • Frost protection via separate overhead, higher- volume sprinkler system. • Orchard fully drained using novaflow piping to open external drains. • Minimal contouring. • 10 million litre irrigation storage pond fed from bore consented to 2035. • Modern automated water control technology and fertigation.


Property Name:
Rangitaiki
Location:
Edgecumbe
Address:
163 Western Drain Road, Edgecumbe.
Total Area (ha):
17.26
Effective Hectares:
14.99
Proportion Occupied:
87.00

Contact

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MyFarm Investments

 
Issue Production Revenue Farm Working Expenses EBITDA Interest Enterprise Value NTA Equity Asset Ratio ROE
Gold Income LP - Rangitaiki                  
Aupouri Avocados Loan Notes                  
Aupōuri Avocados LP                  
Awakeri Orchard LP                  
Awatere Valley LP                  
Bartletts Creek Vineyard LP                  
Bay Kiwifruit Orchards LP 63,514.00 NZD 201,821.89 NZD 107,160.03 NZD 94,661.86 NZD 215.00 NZD 2,199,868.56 NZD 2,042,400.01 109.00% 9.88%
Birch Hill Capital Raise March 2022                  
Birch Hill LP                  
Central Cherry Orchard LP                  
Colebrook Kiwifruit Orchard LP                  
CQuest Expansion 3.0                  
CQuest LP                  
Eastern Orchards LP                  
El Dorado Orchard LP                  
Esk Valley Orchard LP                  
Fareham Lane Vineyard LP                  
GCF Investments 260,000.00 NZD 109,325.42 NZD 228,144.99 NZD -118,819.57   NZD 7,640,615.60 NZD 7,822,610.60 80.00% 0.01%
Gold Income LP                  
Gold Income LP - Maraenui                  
Heretaunga Orchards LP                  
HLP Investments LP                  
Karaka Orchard Class B Units Partly Paid                  
Karaka Orchards LP 270,600.00 NZD 11,068.00 NZD 12,177.00 NZD -1,109.00 NZD 12,251.00 NZD 9,986,046.83 NZD 4,981,444.00 98.00% 0.22%
Karaka Orchards LP Raise 2019                  
Kintyre Vineyard LP                  
Kintyre Vineyard LP - Arck Extension                  
KLP Investments LP                  
Korokipo Apple LP                  
LLP Investments LP                  
Mainland Carbon LP                  
Napoli Orchard LP                  
Otamarakau Kiwifruit LP                  
Patriarch Vineyard LP                  
Pongakawa Kiwifruit LP                  
PRD Investments                  
Puketapu Vineyards LP                  
Quarry Kiwifruit Loan Notes                  
Quarry Kiwifruit LP                  
Quarry Kiwifruit LP - Ohaeawai Extension                  
Rakete Orchards Loan Notes                  
Rimu Dairies LP                  
Riverview Kiwifruit LP                  
Rākete Capital Raise Crown 26 Nov 2020                  
Rākete Equity Raise - 31 Aug 2022                  
Rākete Orchards Bonus Units 29 Oct 2020                  
Rākete Orchards LP                  
Tapawera Hop Garden LP                  
Tapawera Rights Issue                  
Te Arai Gold LP                  
Te Arai Orchard LP                  
Terra Verde Investments                  
Terra Verde Investments LP                  
TPLP Investments Limited                  
Waikerikeri Irrigation LP (Withdrawn)                  
Waimarie Manuka LP                  
Wairau Valley Vineyards LP                  
Wairua Hop Garden Loan Notes                  
Wairua Hop Garden LP                  
Wairua Hop Garden LP - Equity Raise                  
Willowbank Apples LP                  
Ᾱporo Iti Orchard LP                  
 
Issue Production Revenue Farm Working Expenses EBITDA Interest Enterprise Value
Gold Income LP - Rangitaiki            
Aupouri Avocados Loan Notes            
Aupōuri Avocados LP            
Awakeri Orchard LP            
Awatere Valley LP            
Bartletts Creek Vineyard LP            
Bay Kiwifruit Orchards LP 1.49 NZD 4.73 NZD 2.51 NZD 2.22 NZD 0.01 NZD 51.51
Birch Hill Capital Raise March 2022            
Birch Hill LP            
Central Cherry Orchard LP            
Colebrook Kiwifruit Orchard LP            
CQuest Expansion 3.0            
CQuest LP            
Eastern Orchards LP            
El Dorado Orchard LP            
Esk Valley Orchard LP            
Fareham Lane Vineyard LP            
GCF Investments 1,140.35 NZD 479.50 NZD 1,000.64 NZD -521.14 NZD 136.50 NZD 33,511.47
Gold Income LP            
Gold Income LP - Maraenui            
Heretaunga Orchards LP            
HLP Investments LP            
Karaka Orchard Class B Units Partly Paid            
Karaka Orchards LP 11,000.00 NZD 449.92 NZD 495.00 NZD -45.08 NZD 498.01 NZD 405,936.86
Karaka Orchards LP Raise 2019            
Kintyre Vineyard LP            
Kintyre Vineyard LP - Arck Extension            
KLP Investments LP            
Korokipo Apple LP            
LLP Investments LP            
Mainland Carbon LP            
Napoli Orchard LP            
Otamarakau Kiwifruit LP            
Patriarch Vineyard LP            
Pongakawa Kiwifruit LP            
PRD Investments            
Puketapu Vineyards LP            
Quarry Kiwifruit Loan Notes            
Quarry Kiwifruit LP            
Quarry Kiwifruit LP - Ohaeawai Extension            
Rakete Orchards Loan Notes            
Rimu Dairies LP            
Riverview Kiwifruit LP            
Rākete Capital Raise Crown 26 Nov 2020            
Rākete Equity Raise - 31 Aug 2022            
Rākete Orchards Bonus Units 29 Oct 2020            
Rākete Orchards LP            
Tapawera Hop Garden LP            
Tapawera Rights Issue            
Te Arai Gold LP            
Te Arai Orchard LP            
Terra Verde Investments            
Terra Verde Investments LP            
TPLP Investments Limited            
Waikerikeri Irrigation LP (Withdrawn)            
Waimarie Manuka LP            
Wairau Valley Vineyards LP            
Wairua Hop Garden Loan Notes            
Wairua Hop Garden LP            
Wairua Hop Garden LP - Equity Raise            
Willowbank Apples LP            
Ᾱporo Iti Orchard LP            
 
Issue Revenue Farm Working Expenses EBITDA Interest Enterprise Value
Gold Income LP - Rangitaiki          
Aupouri Avocados Loan Notes          
Aupōuri Avocados LP          
Awakeri Orchard LP          
Awatere Valley LP          
Bartletts Creek Vineyard LP          
Bay Kiwifruit Orchards LP NZD 3.18 NZD 1.69 NZD 1.49 NZD 0.00 NZD 34.64
Birch Hill Capital Raise March 2022          
Birch Hill LP          
Central Cherry Orchard LP          
Colebrook Kiwifruit Orchard LP          
CQuest Expansion 3.0          
CQuest LP          
Eastern Orchards LP          
El Dorado Orchard LP          
Esk Valley Orchard LP          
Fareham Lane Vineyard LP          
GCF Investments NZD 0.42 NZD 0.88 NZD -0.46 NZD 0.12 NZD 29.39
Gold Income LP          
Gold Income LP - Maraenui          
Heretaunga Orchards LP          
HLP Investments LP          
Karaka Orchard Class B Units Partly Paid          
Karaka Orchards LP NZD 0.04 NZD 0.05 NZD 0.00 NZD 0.05 NZD 36.90
Karaka Orchards LP Raise 2019          
Kintyre Vineyard LP          
Kintyre Vineyard LP - Arck Extension          
KLP Investments LP          
Korokipo Apple LP          
LLP Investments LP          
Mainland Carbon LP          
Napoli Orchard LP          
Otamarakau Kiwifruit LP          
Patriarch Vineyard LP          
Pongakawa Kiwifruit LP          
PRD Investments          
Puketapu Vineyards LP          
Quarry Kiwifruit Loan Notes          
Quarry Kiwifruit LP          
Quarry Kiwifruit LP - Ohaeawai Extension          
Rakete Orchards Loan Notes          
Rimu Dairies LP          
Riverview Kiwifruit LP          
Rākete Capital Raise Crown 26 Nov 2020          
Rākete Equity Raise - 31 Aug 2022          
Rākete Orchards Bonus Units 29 Oct 2020          
Rākete Orchards LP          
Tapawera Hop Garden LP          
Tapawera Rights Issue          
Te Arai Gold LP          
Te Arai Orchard LP          
Terra Verde Investments          
Terra Verde Investments LP          
TPLP Investments Limited          
Waikerikeri Irrigation LP (Withdrawn)          
Waimarie Manuka LP          
Wairau Valley Vineyards LP          
Wairua Hop Garden Loan Notes          
Wairua Hop Garden LP          
Wairua Hop Garden LP - Equity Raise          
Willowbank Apples LP          
Ᾱporo Iti Orchard LP          

No trade history available for this issue.

Secondary Market - Gold Income LP - Rangitaiki Wholesale

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