Home • Oyster Industrial

Watch video

5.25%

p.a. / projected pre-tax cash return.*

12 Harbour Ridge Drive &

101 McLaughlins Road

located in Wiri, Auckland

Minimum investment $50,000**

Investment Highlights

12 Harbour Ridge Drive

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 May 2029 and NBL (New Zealand) Ltd to November 2027 with further rights of renewal available under each lease. The weighted average lease term is 9.12 years (as at 31 August 2019).

101 Mclaughlins Road

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).

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.

About Oyster

Oyster is a leading New Zealand commercial real estate 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 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 $1.7 billion.

Download the investment brochure