The offer is fully subscribed.
Thanks for your interest in Oyster Industrial. The offer is now fully subscribed. Please visit Oyster's Current Offers page to view other investment opportunities at this time.
Section 3 Headline
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam aliquando posse.
Section 3 Point 1
Lorem ipsum dolor sit amet, magna consectetur adipisicing elit, sed do eiusmod incididunt.
Section 3 Point 2
Lorem ipsum dolor sit amet, magna consectetur adipisicing elit, sed do eiusmod incididunt.
Section 3 Point 3
Lorem ipsum dolor sit amet, magna consectetur adipisicing elit, sed do eiusmod incididunt.
Location
Two newly developed properties located in Wiri, a sought-after industrial suburb located within South Auckland. The location provides ease of access to the airport, with motorways SH20 & SH1 providing excellent linkage to wider Auckland.
Long-Term Leases
Initial lease terms of 10 years to Plumbing World Ltd to June 2029 and NBL (New Zealand) Ltd to November 2027 with further rights of renewal available under each lease. The weighted average lease term is 9.28 years (as at August 2019).
Sector Performance
The industrial property sector has been the strongest performing asset class within the wider New Zealand property market. In particular, Auckland’s industrial property market has experienced rental growth and record low vacancies with a limited supply of new buildings.
Secure Rental Growth
NBL (New Zealand) Ltd has fixed 2.5% annual rent reviews (including on renewal) and Plumbing World Ltd has fixed 2% annual rent reviews (including on renewal).
Section 6 Title
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut.
- Many addon features
- Fully responsive & adaptive
- SEO optimized
- Attractive with a modern touch
- Full Support
Section 7 Video Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam aliquando posse.