Secondary Sales

Commercial Investment Properties Limited wish to advise that there are currently limited investment opportunities available in our existing schemes. Please see a brief outline below:

Leven Joint Venture – Proportionate Ownership Scheme

Located in Leven Street, Invercargill, this property comprises two buildings constructed in 2004, benefiting from an excellent location to the south of the Power Centre created by Farmers and The Warehouse. Five tenants are located at this property comprising Bond and Bond, McRaeway Homes, No 1 Shoes, Lighting Plus and Noel Leeming.

Studio Property Limited – Proportionate Ownership Scheme

Located in Henderson, Auckland, this property comprises a purpose built film and television production facility, constructed in 2000 for South Pacific Pictures Limited. The current lease is still held by this considerable tenant, one of New Zealand’s leading film and television production companies. The building comprises 4 independent studios and 2 levels of offices and amenities.

Watts Road Limited – Proportionate Ownership Scheme

Located in the industrial area of Sockburn, Christchurch, this property comprises a large industrial holding with a potential development upside. The Lease is secured to Smiths City (Southern) Limited with the current nine year term through to March 2015. The building comprises mixed warehouse and workshop accommodation with substantial offices and showroom space over two levels.

North Properties Limited – Company Structure

Located in the Waipapa Business Centre, 7km north of Keri Keri, this property comprises a large retail building purpose built for the nationwide tenant ‘The Warehouse’ in 2004. The property is of modern bulk retail design comprising large warehouse retail area, mezzanine floor, stockroom and garden centre with large asphalt carparking area. The current Lease to The Warehouse is a ten year term for renewal in August 2014 with five further terms of three years each.

For a copy of the Secondary Sales Disclosure Statement, the latest Valuation, previous year's Financial Statements and Offeror's Statement where applicable please contact us.

A secondary sales disclosure statement contains further details of this investment. Every precaution has been taken to establish the accuracy of the material herein. Prospective purchasers should not confine themselves to the contents and make their own enquiries to satisfy themselves on all aspects.