Bayleys Funds and Investment Products - Previous Offers
Bunnings, 18 Hibiscus Coast Highway, Silverdale, Auckland
Offer Open date: 4 April 2014
Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)
Bunnings Warehouse is located on a high-profile site of 2.57 hectares in the growth location of Silverdale, Auckland. At the time of the offer Bunnings had a new 12 year lease from 25 March 2014 with rights of renewal out to 2048. The lease provided for annual growth through fixed annual 3% rent reviews for the first 12-year term of lease.
Investors were offered a total of 254 units at $50,000 per unit. This offer received very high levels of interest and was significantly oversubscribed.
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Before deciding whether to invest in any financial products available through Bayleys Real Estate Limited, you should obtain independent financial advice that takes account of your personal financial goals and circumstances.
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