Projected return, payable monthly - p.a - Webflow
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New Property under contract for the
FIRST LIGHT
PROPERTY FUND
6 % *
p.a.
projected return,
payable monthly.
*projected pre-tax cash yield, after fees
for the next 12 month period
First
This offer is not open to the public. It is open to Wholesale Investors including New Zealand residents who invest at least NZ$750,000, or who are
First LightInvestors,
Eligible Propertyor
Fund Light
who are otherwise classed as Wholesale Investors. Please refer to the Application Form for full details. Investment decisions are
Capital
very important. They often have long-term consequences. Read all documents carefully. Ask questions. Seek advice before committing yourself.
233 Collingwood Street, Hamilton
New commercial property for the
First Light Property Fund
233 Collingwood Street is a premium commercial There is a third, smaller tenancy on the ground floor
property located in a prominent position at the elevated which has a 2 year lease from settlement to Wallace
corner of Collingwood Street and Ruakiwi Road, Construction Limited, who are the vendors.
Hamilton CBD. The building is named after its lead tenant
The NZI building is located 500m from the new $50m
NZI (New Zealand Insurance) which is owned by IAG Ltd
ACC office development that will accommodate 650
(Insurance Australia Group) an ASX listed company.
staff. This project is mid-way through construction by the
WorkSafe NZ has also recently entered into an initial Iwi-owned Tainui Group Holdings and is scheduled for
6-year lease for the ground floor tenancy, providing completion in October 2022.
added security through a government lease.
https://www.tgh.co.nz/en/media-news/latest-updates/
acc-autumn-2021-update/
233 Collingwood Street Key Features
Premium location in Hamilton CBD “A” Grade seismic rating
Anchored by large corporate and government 2152 sqm freehold site with 1721 sqm of
tenants net lettable area
49 on site car parks Purchase price of $14,000,000
Long term leases with regular rental growth 1st December 2021 settlement date
Brand new air conditioning system throughout Offer partially underwritten
Net income of $678,409 + GST and outgoing Property under conditional contract
First
First Light Property Fund Light
Capital
First Light Property Fund is an
open-ended PIE fund
The First Light Property Fund was Combined Fund key features (2 Properties):
launched in April 2021.
6 % projected return,
*
First Light Property Fund is an open-ended PIE
fund which will continue to add to its portfolio of
properties thereby diversifying investment risk across p.a. payable monthly.
multiple properties, sectors and tenants. Our first
*projected pre-tax cash yield, after fees for
property, 2 Harris Road, is a high-quality commercial the next 12 month period
property located in the low vacancy industrial area
of East Tamaki, Auckland and leased to two premium
tenants in Bayleys Real Estate and Aon Insurance on Diversified tenant income including Bayleys,
long term leases. Aon Insurance, NZI and WorkSafe NZ
233 Collingwood Street was constructed in 2009
by Wallace Development Co. Ltd who have kept the Fund WALT of 5.3 years
ownership of this property up until now. This property
is a modern, high-quality commercial building in a Open-ended PIE Fund
premium Hamilton CBD location. The addition of a
large ASX listed company and a government entity as Leases with rights of renewal and regular
tenants provides added security and diversity to the rental increases
First Light Property Fund.
Both properties are rated by NABERS NZ achieving Additional Equity raise of $8,025,000 required
an excellent or above property rating. Backed by the
NZ Government, NABERS NZ is an independent Minimum new investment of $100,000 or
rating platform that rates the energy efficiency of $50,000 for existing investors
commercial buildings. A building with a high rating
has the potential to attract high value tenants and
many now require this as a condition of their lease.
First
First Light Property Fund Light
Capital
Risks
What are the Risks of this Investment?
We consider the general risks of investing in the Fund
are as follows:
• Risks relating to interest rates
• Risks relating to tenant default or cancellation
• Risks relating to property values
• Risks relating to the investment objectives not
being met
• Risks relating to a lack of liquidity
In addition to the risks associated with a particular
investment class there are some general risks associated
with an investment through the Fund. Please refer to
the Investment Statement for a more comprehensive list
of the risks associated with investing in the Fund. These
risks, should they occur, may materially impact on the
performance, financial position and operation of your
investment and, consequently, your returns.
Before choosing whether to invest please request a
full copy of the Investment Statement for the Fund and
carefully consider all of the risk factors outlined within
this document, in conjunction with seeking professional
advice.
Seeking Expressions of interest
Online presentation to be uploaded to firstlightcapital.co.nz
Onsite visit to be scheduled when Covid restrictions allow
First
First Light Property Fund Light
Capital
0800 3000 31
To register your interest, firstlightcapital.co.nz
please contact Toby Hunn at VCFO, Level 1, 96 St Georges Bay Rd, Parnell 1052
toby@firstlightcapital.co.nz
First
First Light Capital is part of the VCFO group
First Light Property Fund Light
Capital
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