• International brand tenant on a high profile site with drive-through access
• Long term lease with rights of renewal until 2051
• Returning $161,250pa plus GST and outgoings
Situated on the periphery of Linwood's Eastgate Shopping Centre at 6 Cranley Street, international brand tenant, KFC has been serving the surrounding residential catchment since 2016.
Benefitting from exceptional exposure, the Restaurant Brands tenant occupies 263.3sqm (approximately) on a substantial 1,755sqm (more or less) freehold site which allows for ample on-site car parking and drive-through amenities.
On an initial twelve year lease term and rights of renewal until 2051, the property is returning $161,250pa plus GST and outgoings and is perfect for those looking for a bottom-drawer investment.
KFC Eastgate represents an unmissable opportunity for investors to add to their portfolio with a strong tenant in an up-and-coming location. A proven history and international tenant covenant make this one you won't want to miss.
To be sold by way of Tender (unless sold prior) 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/5525079
