- 50% Share - NZ$10.5 million
We have been given the opportunity to offer a unique Commercial opportunity.
Investment of $10.5 million (or part thereof) would obtain for the investor 50% of the equity in the project (THE PROJECT)
The proposed redevelopment comprises a 141-room boutique hotel, featuring prominent hospitality offerings and basement car parking. Completion is expected by January 2022. Centrally located in Christchurch’s Cathedral Square, and walking distance to the inner city’s growing list of attractions.
One of few heritage listed buildings remaining in Christchurch CBD. Strengthened to target 100% NBS. Anchor tenant is an international hotel occupying approximately 100% of net lettable area (NLA) Net rental income of $3.1m per annum increasing by 2.0% per annum with a weighted average lease term (WALT) of 20 years. This corresponds to a forecasted 9.6% and 12.1% 5 year average pre-tax return on initial capital for Year 1–5 and Year 6–10 respectively.
This offer is open for subscriptions until 29 November 2019 unless fully subscribed earlier. The minimum investment amount is $250,000.