• International brand tenant covenant in Christchurch's first Taco Bell site
• High profile 1,795sqm (more or less) corner site
• Ten year lease term commencing 2021 with rights of renewal until 2051
• Returning $166,400pa plus GST and outgoings
Benefitting from the calibre and diversity of its neighbouring tenants at the Eastgate Shopping Centre, 4 Cranley Street houses Christchurch's first Taco Bell site.
Offering 1,795sqm (more or less) of prime corner profile, the 236.6sqm (approximate) store benefits from drive-through capability and ample on-site car parking.
The on-going re-gentrification of Linwood and the surrounding areas with a fresh wave of first home buyers and young professionals driving demand from city fringe living sees 46,000 vehicles passing the site daily. Investments with strong international brand tenant covenants such as this with long lease terms and attractive annual income seldom come to the market, call today to place your order.
For Sale by way of Tender (unless sold prior) closing at 4pm on Thursday 24th October 2024 at Bayleys, 3 Deans Avenue, Addington, Christchurch.
For further information, please see the following link: https://www.propertyfiles.co.nz/property/5525081
