Ōhanga

Ōhanga Properties Limited Partnership

A new opportunity to invest in the established income-focused MyFarm syndicate, Ōhanga Properties Limited Partnership.

With a forecast lease rental return of 6.5% p.a., annual rent reviews and initial weighted-average lease term of 10.7 years, MyFarm’s latest investment offer is a straight forward income story that’s about as steady as it gets.

In June 2021 Ōhanga Properties LP unit holders resolved to add a second Poultry Breeding Unit ‘Tikorangi’ to the Rakaia property they purchased in January 2021. Both are poultry breeding units leased to one of New Zealand’s most recognised food companies – Tegel Foods Ltd.

The two assets have combined value of $16 million, to be funded with $11.45 million of investor equity plus bank debt. Existing unit holders and MyFarm investors have taken up $3.15 million of the $5 million available.

Ōhanga PROPERTIES LP – An investment in two established chicken breeding operations.

 
Two properties with geographic spread in the North and South Island.

  • 2316 Rakaia Highway - 20 hectares: Six poultry sheds with high tech infrastructure, manager’s accommodation + 17 hectares of dairy and beef grazing
  • 116 Ngatimaru Road, Tikorangi - 5.1 hectares: 4 poultry breeding sheds, a modest manager’s 3-bedroom dwelling and two standalone workshops/utility sheds. 15km to Tegel’s key feed and processing infrastructure in Taranaki.
Lessee: Long-term leases to one of New Zealand’s most recognised food companies – Tegel Foods Ltd.
Income:
Initial rental payments from the properties are forecast to be $913,670 per annum (FY22).
Reviews:
Rental payments have built-in growth of 2.4% p.a.
Returns:
Forecast overall monthly cash distributions of 6.5% p.a.
Distributions:
Distributions to commence one month after settlement, expected to be August 2021.
Minimum Investment:
$50,000
Available units: Less than $100,000 of Secondary Market units remaining.

TO REQUEST THE INVESTOR DOCUMENTATION FOR THIS INVESTMENT OPPORTUNITY PLEASE COMPLETE THE FORM BELOW. 


 

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* This offer is open to persons who fall within the exclusions applicable to offers made to "wholesale investors" as set out in Schedule 1, clauses 3(2)(a)-(c) and 3(3)(a)-(b)(ii) inclusive of the Financial Markets Conduct Act 2013 (FMCA). You can obtain further information on FMCA requirements, and whether you come within the exclusions and their requirements at www.myfarm.co.nz/fmca

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Contact
MyFarm Investments

Call 0800 MYFARM (0800 693 276)
Phone: +64 6 323 2954 | Fax +64 6 323 0599
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New Zealand
info@myfarm.co.nz

Talk with our Farm
Investment Team

Grant PaytonGrant Payton
grantp@myfarm.co.nz
029 445 5871
 
Karen RichardsonKaren Richardson
karen@myfarm.co.nz
021 262 2779
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