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Superstore Properties
Limited was incorporated in 1999 and has 369 Shareholders.
Two of the properties are on long-term leases to Placemakers
one in Westgate, Auckland and one in Cranford Street,
Christchurch. The third property is well leased to The
Warehouse, Tauranga.
Stapled
investment parcels are made up of one Mortgage Bond,
with an issue value of $4,000 and one thousand shares
(issue value $1.00 per share). Interest is paid in
equal quarterly installments against the $4,000 Mortgage
Bond at a rate of 11.875% per annum. This is equivalent
to a 9.5% cash return on an issue price of $5,000
per parcel, before tax. Superstore owns three properties
all with excellent locations, quality buildings and
strong tenancies.
The Warehouse, Tauranga is located on Cameron
Road, which is a main arterial route to the city and
in a strong growth area. The property has high visibility
and excellent access from three road frontages to 250
carparks.
Placemakers, Christchurch
is located enroute between the city and Northern Christchurch
and services significant residential, life-style and
horticultural areas. The location is ideal for Fletcher
Merchant’s bulk retail outlet and they have made
this outlet their regional base.
Placemakers,
Westgate is well positioned to participate in the growth
of Auckland’s northwest. The Westgate area is in
a period of significant residential and commercial growth
and this new generation Placemakers outlet is purpose
built to provide complete solutions to the wide range
of needs of it’s customers.The average remaining
lease term for these properties is 5 years, and all
three have rights of renewal.
26 Waipereria
Ave, Henderson in Auckland was lese ICP Bio, but is
currently vacant and for lease or sale.
Annual reports 2002
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2004 | 2005
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2009
Secondary Market Listings :
Click here to access more detail on the availability
of parcels in Superstore Properties Limited.
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