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Duke Street Limited Partnership

Property Large commercial purpose-built property situated at 17 Duke Street, Sawyers Bay, Dunedin comprising a 7,700sqm warehouse and offices.
Tenant Leading South Island transport and distribution business Hilton Haulage
Purchase The land was purchased in March 2021 for $4.0m and the buildings purchased for a fixed construction price of $12.725m, settling in June 2021
Structure Limited Partnership comprising of 404 partnership interest shares of $25,000 each
Returns Pre-tax cash distributions of 7.0% paid monthly
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