The Woolworths Hāwera Scheme
Silverfin Capital’s Latest Wholesale Offer
The Woolworths Hāwera Scheme
Please note this Scheme is now closed and fully subscribed.
Silverfin Capital offered investors an opportunity, through a proportionate ownership scheme, to acquire a share of a beneficial interest in the land and building at 27-39 Nelson Street, Hāwera comprising of a Woolworths supermarket.
The Property comprises a freehold site totalling 9,389 sqm at 27–39 Nelson Street, Hāwera, anchored by General Distributors Limited (Woolworths), a wholly owned subsidiary of the ASX-listed Woolworths Group Limited. The supermarket, constructed in 2019, has a net lettable area of 3,475 sqm and is leased on a 20-year term from 8 May 2019, with 7 x 5 year rights of renewal providing a final expiry in May 2074.
Investment Highlights
Monthly Returns
Projected 7.75% p.a. pre-tax return (forecast to 31/03/2027 .
Long term lease
Long term lease with 14 years remaining and a final expiry in 2074
Household name
Fully leased to General Distributors Limited (trading as Woolworths)
Newly constructed
Constructed in 2019 on a corner site with three street frontages
PIE Structure
PIE structure, meaning highest individual PIE tax rate capped at 28% per annum.
Wholesale Offer
The offer will be available to wholesale investors only. The minimum investment is $50,000.
Woolworths Hawera Scheme
The Property
The Property is located in Hāwera’s town centre, occupying a substantial 9,389 sqm freehold landholding with frontages to Nelson Street, Victoria Street, and Union Street. The location provides exposure and accessibility and includes 131 on-site carparks with vehicle access from multiple entry points.
Constructed in 2019, the building is a modern Woolworths supermarket with a net lettable area of 3,475 sqm, occupied by General Distributors Limited (Woolworths).
The building is constructed using steel portal frames. External walls are formed in pre-cast concrete panels, tied into the portal frames. Intermediate SHS columns are used to support the central roof ridge. The columns are in turn supported off pad foundations, with external walls being founded upon strip foundations. The concrete floor slab is formed as a 125mm thick reinforced ground bearing slab. The roof is long-run steel.
The supermarket is fully air-conditioned, has a fire sprinkler system, includes a ducted HVAC system and currently has a seismic strength rating of 100% of New Building Standard (assessed in a 2019 Initial Evaluation Procedure). The Lease requires the landlord to maintain a 100% NBS rating, and to commission updated seismic reports if methodology changes or new standards are introduced.
The main retail area is laid out to a typical Woolworths configuration. In addition to the main retail area there is a rear storage/ goods handling area, an on-line facilitation area, management offices, a staff lunchroom and WC amenities. The plant room is located at the rear of the store at ground level.