33-35 Napier Road 

  Commercial Property  

 E+O Healthcare Properties Fund LP 

  Erskine and Owen Limited  

Offer restricted to “Wholesale Investors” under clauses 3(2) and 3(3) of Schedule 1 to the Financial Markets Conduct Act 2013 (or to any other person to whom an exclusion applies under Schedule 1 of that Act).

Overview

A Portfolio Approach

The General Partner’s objective is to create, over a period of time, a portfolio of healthcare facilities that provide exposure to this unique commercial property category. We are attracted to this sector by the long leases that are typically in place, the support provided to tenant revenues through government subsidies, and the essential services provided by tenants.


The benefit for the Limited Partnership, and investors, is that properties with longer lease terms generally provide more certainty regarding future income streams, and quality properties servicing the healthcare sector have a low risk of obsolescence. With long leases in place, incremental growth in healthcare charges, and tenants motivated to remain in the healthcare facilities due to the foot traffic created by other adjacent healthcare businesses, the value of a portfolio of healthcare facilities could be expected to match, or better, average growth rates for commercial property portfolios.        

The portfolio approach also allows better loan-to-value ratios than could be achieved if the properties were acquired individually. This additional leverage improves investor returns by reducing overall cost of capital for the Limited Partnership.

 

Target Returns

The Limited Partnership will target distributions to investors of at least 5.75% per annum (Projected Cash Net Pre-Tax Annual Yield on Equity).

 

Key highlights of this offer:

  • Currently 4.00% p.a. paid monthly.
  • Tenants offering essential healthcare services during the pandemic.
  • Medical practice anchor tenant a strong incentive for long tenure of other healthcare tenants.
  • Initial property servicing a growing community with an older population.
  • $50,000 minimum investment available to wholesale investors only.


Manager:
Erskine and Owen Limited
Issue Name:
E+O Healthcare Properties Fund LP
Market:
Commercial Property
Market Type:
Commercial Property

isEOI: false

Financials

Investment Type:Wholesale

Wholesale Investment Type: NZ Wholesale MIS

Total Units/Shares:3850000

Min Investment Units/Shares:20000

Min Investment Value:NZD 20,000.00

Par Value:NZD 1.00


Establishment Date: 16 June 2022

Financial Year End: 31 March 2025

Market Snapshot

Last Traded Value:NZD 649.00

Last Traded Price:NZD 1.00

Last Traded Quantity:649

Last Traded Date: 7 March 2023

Property Details

Healthcare Facilities located in Havelock North, Hawkes Bay


Property Name:
33-35 Napier Road
Location:
Hawkes Bay
Address:
33-35 Napier Road, Havelock North, Hastings
Age of Property:
22
Land Area:
2,044
Occupant Commencement Term
Bay Audiology (Amplifon) 1/03/2013 6
Boyce Podiatry Limited 1/10/2018 3
Boyce Podiatry Limited 1/04/2017 3
Inside Out Physiotherapy Ltd 1/09/2020 6
P3 Research 1/10/2019 5
Peak Appearance Group 15/10/2018 7
Peak Pharmacy 11/12/2011 15
Peak Pharmacy Storage 11/04/2019 5
Te Mata Peak Practice (combined) 1/09/2021 20

Contact

Website: https://www.erskineowen.co.nz/

Email: [email protected]

Phone:+64 9 377 6463

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Erskine and Owen Limited

 
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Traded Date Traded Quantity Traded Unit Price Traded Value Par Value Trade Event
7 March 2023 211,039  Units NZD 1.00 NZD 211,039 NZD 211,039 Off Market Transfer
7 March 2023 712,500  Units NZD 1.00 NZD 712,500 NZD 712,500 Off Market Transfer
7 March 2023 77,110  Units NZD 1.00 NZD 77,110 NZD 77,110 Off Market Transfer
7 March 2023 649  Units NZD 1.00 NZD 649 NZD 649 Off Market Transfer
21 November 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
3 October 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
8 September 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
2 September 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
11 July 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
11 July 2022 27,110  Units NZD 1.00 NZD 27,110 NZD 27,110 Off Market Transfer
11 July 2022 22,890  Units NZD 1.00 NZD 22,890 NZD 22,890 Off Market Transfer

Secondary Market - E+O Healthcare Properties Fund LP Wholesale

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