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:

  • 5.75% p.a. projected cash return 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:50000

Min Investment Value:NZD 50,000.00

Par Value:NZD 1.00


Establishment Date: 16 June 2022

Financial Year End: 31 March 2023

Market Snapshot

Last Traded Value: 

Last Traded Price:NZD .00

Last Traded Quantity:

Last Traded Date:

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

Document Name Description Date Uploaded
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Erskine and Owen Limited

 
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