Hastings Commercial Syndication Yielding 7%

Cooper Webpage Sizing 50521
June 22, 2019/Alan Henderson

Investment Highlights

  1. The projected annual net operating
  2. cash flow return yield to LP’s is 7.0%
  3. A combined property of 1,693m2 only 300m from Hastings CBD
  4. Includes two fully tenanted buildings and 30+ carparks

301 Railway Road

The 301 Railway Road main building comprises an early two storey residence estimated to have been constructed around 1920. The property is on 598m2 of land 300 metres from Hastings CBD

In addition, there is a separate workshop/store building which includes an amenities area. The main tenant is education provider, Learning Innovations, who have a 3 year lease over the principal building. The 3 car parks on the property are also leased.

The property is zoned Central Commercial which provides significant flexibility for a wide range of retail, office and residential activities to establish and operate in the centre of Hastings. In accordance with Section 9.9 of the plan commercial activities and residential activities except at ground floor level on sites with designated retail frontage shall be permitted.

303 Railway Road

On the 303 Railway Road, property is a purpose-built small taxi depot building, originally constructed in 1973. The 100 m2 building is partitioned to include office space, staff room, and related amenities.

Attached to the side of the building is a canopy structure and a concrete yard area surrounds the building, with a metaled yard at the back of the property. The property is on 1,095m2 of land and some 300 metres from Hastings CBD.

The property is currently occupied by Hastings Taxis, who have a 3 year lease over the building and front part of the property. The rear of the property, comprising 25 carparks, is leased to NZ Police for 2 years.

Our syndication opportunities are only open to “wholesale investors.”Defined by the Financial Markets Conduct Act 2013

This Opportunity Is Now Closed

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