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