New Property Syndication Opportunity

Buying property in New Zealand is now a lot more challenging than it was just a few years ago, which is why Erskine and Owen now offer syndication opportunities.

For NZ$50k (minimum) you will get exposure to a syndication offer that will be standalone dwellings on full site land parcels.

This allows shared ownership by pooling together with other investors to access property you couldn’t buy alone or may not want to.

For more information about this opportunity fill in the form at the bottom of the page to receive a comprehensive Information Memorandum.

Our latest Syndication is two adjacent fully tenanted commercial properties located in Hastings.

The projected annual net operating cash flow return yield to LP’s is 7.0%

A combined property of 1,693m2 only 300m from Hastings CBD

Includes three fully tenanted buildings and 30+ carparks

The Properties

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.

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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. This property is also zoned Central Commercial.

Fill in the form at the bottom of the page to receive a comprehensive Information Memorandum with more information 

Why E+O Property Syndication

  • Offers the opportunity to gain access to the property market if you are currently unable to invest.
  • Exposure to the property market with sensible leverage.
  • Access to potentially higher-value and higher growth freehold property.
  • Potential risk mitigation: with maximum funding of 50%, the bank will not require personal guarantees and has recourse only to the property. *
  • Leverage Erskine + Owen’s considerable buying experience.

Our syndication opportunities are only open to “wholesale investors.”

Defined by the Financial Markets Authority website here.

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Why Hawkes Bay

Hawkes Bay’s regional economy in 2018 experienced steady growth over the previous year. Economic activity in the region (and nationally too) has fluctuated considerably over the long term. However, the Hawkes Bay area has recorded generally positive growth throughout the last ten plus years. The rate of growth weakened significantly over 2008/2009 before recovering noticeably overall, since then. The Hawkes Bay region is also set to receive a $1.19 billion investment boost from the government’s He Poutama Rangatahi (HPR) and the Provincial Growth Fund (PGF). HPR’s focus is on reducing youth unemployment, while the PGF is a $1 billion per annum New Zealand wide investment over three years to ensure that regional NZ thrives through productive, sustainable economic growth. In Hawkes Bay, this funding will go towards supporting a development case for a Hawkes Bay Food Innovation Hub intended to support the invocation of new facilities and industries that would provide opportunities for iwi investment and employment.

Fill in the form below to receive a comprehensive Information Memorandum with more information