25 The Terrace / 92 Lambton Quay, Wellington
Minimum investment $50,0002
New Zealand Government
Offices to be 100% leased to the New Zealand Government on a new 15-year lease with the Ministry of Business, Innovation and Employment (MBIE). The New Zealand Government office leases account for 90% of the property rental.
Long-term rental growth
Weighted Average Lease Term will be 14.04 years on settlement of the property4 and the leases to MBIE offer fixed 1.5% rental increases p.a. and a market rent review every six years3.
18-storey office building comprises ground floor retail, two podium levels of office accommodation, a podium car park, and 15 levels of tower office accommodation. Recently strengthened with substantial refurbishment underway to the office floors and lobby.
Well-located and easily accessible within the Wellington CBD in the heart of the parliamentary precinct.
Oyster is a leading New Zealand commercial property and fund manager. The company has expertise in property fund structuring and equity raising, and currently manages over 20 property funds structured for retail and wholesale investors including Oyster Industrial and the diversified Oyster Direct Property Fund.
Oyster manages a range of retail, office and industrial assets throughout New Zealand, with a combined value in excess of $1.8 billion.
Oyster Management Limited is offering investors the opportunity through a proportionate ownership scheme to acquire a proportionate share of, and beneficial interest in, the land and building at 25 The Terrace / 92 Lambton Quay, Wellington. Interests are being offered at $50,000 each. Investors may apply for one or more interest(s).
|Loan to Value Ratio5||48.4%|
|Investment Size||$50,000 per interest|
|Gross Rental||$6,382,306 per annum|
|Forecast Pre-Tax Cash Return to Investor||6% per annum, payable monthly1|
How do I invest?
Oyster Management Limited is the manager and the issuer of interests in the Pastoral House Proportionate Ownership Scheme.
Contact Oyster or Colliers as soon as possible to register your interest and for a copy of the Product Disclosure Statement.