Oyster Offers Supermarket Shares

11 July 2011

The Oyster Group is selling shares in a Papakura Countdown supermarket, as the Group continues to expand its portfolio of proportionate property ownership.

Oyster Group Director, Mark Winter, said there are only 48 shares of $100,000 being made available to the public.

“This opportunity offers a high level of security to investors, given that regardless of economic times people still need to buy groceries,” Mark said.

“Furthermore, unlike other supermarkets that are located in shopping malls and which can carry various fees and levies, this is a standalone site which means that opportunities exist to further maximise the property.”

Located on a prime 8,427m2 corner site in the heart of Papakura, the building has been completely refurbished to near new standards. There is an existing 16 year lease in place which runs until August 2020, along with five 6-year rights of renewal. The high profile supermarket tenant also has a proven trading history.

The offer will be fully managed by Oyster Management with cash returns paid monthly to investors.

Mr Winter said he expected the offer to be snapped up by savvy investors.

“Recently, we successfully completed the syndicated purchase of $7.79 million commercial premises located at 102 Rosedale Road, Albany. Structured as a proportionate ownership scheme, the syndication was oversubscribed.”

The Oyster Group forms part of Prime Retail Management which manages a number of successful retail properties including the Dress-Smart chain.

ENDS

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