Montreal Property Syndicate LP
Wholesale Investors Only
Invest in a Commercial Warehouse in the Heart of Christchurch
* Projected pre-tax return for full one-year period. Projected returns are subject to change. Details on how the return will be calculated, and the assumptions and risks associated with the investment and return, will be set out in the Information Memorandum.
Key Highlights of This Offer
+ Highly sought after location with area vacancy rate less than 1%^
+ Rent Reviews: Blend of market and CPI rent reviews across 2 leases
+ Anchor tenant: Ideal Electrical Suppliers – owned by Rexel Group, a global business specialising in building supply distribution
+ $100,000 minimum investment available to wholesale investors only
+ Offer is now open for subscription
^CBRE Christchurch Market Report, Q1 2023.
Further information is provided in the Information Memorandum.
Property Details
Located in central Christchurch, 118-120 Montreal Street is a strategic acquisition right on the CBDʼs door step, and in the heart of the construction zone for Christchurch.
The building was purpose built in 2011 for Ideal Electrical as their marquee Christchurch warehouse and showroom, and comprises of 1,432m2 double height warehouse and showroom area, and a two storey 338m2 office at one end with a suspended concrete floor.
With its steel frame construction, and pre-cast concrete walls, the Property benefits from being completed post 2010-2011 earthquakes, and has strong NBS ratings (100% warehouse/72% office).
The building envelope stretches from Montreal Street to Orbell Street, providing the benefit of dual access which creates an attractive proposition for industrial tenants. A new 6-year lease commitment from 1 June 2023, Ideal Electrical, in our opinion, provides a strong degree of income certainty.
Tenants
Ideal Electrical Suppliers
Business Technology Suppliers (BTG)
With 48 branches nationwide, and national distribution centres throughout New Zealand, 2 of which are in Christchurch, Ideal Electrical, in our opinion, is well placed to take advantage of this construction activity.
Ideal Electrical is owned by Rexel Group, a global business specialising in building supply distribution.
Business Technology Group Ltd (BTG) is a New Zealand owned, ICT solutions company with branches in Auckland, Tauranga, Christchurch, Sydney and Melbourne looking after 400 companies across various industries.
BTG provides a full suite of services that enhances business processes with clients including Microsoft, Google, Amazon and Chorus.
Please register your interest in the form below and we will send you the Information Memorandum.
* Projected pre-tax return for full one-year period. Projected returns are subject to change. Details on how the return will be calculated, and the assumptions and risks associated with the investment and return, will be set out in the Information Memorandum.
The Offer is 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). This Offer is not available to retail investors.