Eastgate Shopping Centre, 20, 20A and 20B Buckleys Road, Linwood, Christchurch
TweetAvailable PropertyFiles:
- Eastgate Mall dataroom.zip
- Eastgate Shopping Centre_Information Memorandum.pdf
- Final SAPA - Eastgate ChCh - October 2024.pdf
- LT 606960 - Approved Title plan.pdf
- Land Covenant - KFC.pdf
- Land Covenant - Taco Bell.pdf
Property Description
Centre of attentionEastgate Shopping Centre is a key suburban shopping centre with a diverse mix of more than 45 tenants anchored by retail heavyweights Woolworths, The Warehouse and Warehouse Stationery as well as two stand-alone drive-through operations, KFC and Taco Bell.
With around 950metres of road frontage to four streets including main arterial routes Buckleys Road and Linwood Avenue, the centre is a landmark presence with daily exposure to an estimated 46,000 passing vehicles. Benefitting from parking for 1,100 vehicles and multiple entry points assures shoppers of convenient access within a ten minute drive of the city.
Anchor tenant Woolworths (formerly Countdown) is New Zealand's largest supermarket brand with over 185 supermarkets nationwide serving 2.5million customers each week and parent company The Woolworths Group is listed on the Australian Stock Exchange as one of Australia's biggest retailers. Additionally, The Warehouse is a subsidiary of NZX-listed The Warehouse Group which is one of New Zealand's largest retail groups with $3billion in sales and some 12,000 employees.
Underpinned by the calibre and diversity of tenants, Eastgate Shopping Centre's gross lettable area of 27,400sqm sits at around 97% occupancy with formidable brands KFC and Taco Bell strategically located on the sites periphery.
The large underlying freehold site of 66,989sqm (more or less) is considered under-utilised, with significant potential for future commercial, residential or mixed-use redevelopment in line with the on-going regentrification of Linwood and the surrounding areas with a fresh wave of first-home buyers and young professionals driving demand in the surrounding neighbourhoods.
To be sold by way of Deadline Private Treaty (unless sold prior) at 4pm on Thursday 24th October 2024 at Bayleys, 3 Deans Avenue, Addington, Christchurch.
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Terms of Supply
By accepting “the information” contained in this PropertyFile, I acknowledge I have read, understood and accepted the terms on which the information has been made available. This information has been prepared by Whalan and Partners Limited, trading as Bayleys (“Bayleys”) as agent for “the Vendor”. The information contains information that is publicly available, and/or sourced from third parties (and/or the vendor) and capable of independent verification. It has been prepared solely to assist interested parties in deciding whether to further their interest in the Property and Whalan and Partners Limited is acting as a conduit and merely passing this information over. Prospective purchasers must not confine themselves to the contents of the Information but should, in conjunction with their professional advisors, make their own evaluation of the Property and conduct their own investigation, analysis, and verification of the data contained in the Information and otherwise concerning the Property. Such evaluation should extend to and include whether there has been a change in the affairs or prospects of the Property since the date of the Information or since the date as at which any information contained in the Information is expressed to be applicable. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgment and contrary to the recommendation of the agent. Bayleys and the Vendor have not verified any of the detail contained in the Information and Bayleys and the Vendor make no representation or warranty as to the accuracy or completeness of the information and neither Bayleys nor the Vendor accept and/or shall have any liability whatsoever for the accuracy of any part of the information including any liability for any statements, opinions, information or matters (expressed or implied) arising out of, contained in or derived from the Information, or any omissions from, or failure to correct any information, or any other written or oral communications transmitted to any recipient of the Information in relation to the Property. By registering you give consent to receive newsletters from the listing agent and/or PropertyFiles which you may unsubscribe from at any time. Whalan and Partners Ltd, Bayleys. Licensed under the REA Act 2008.Contact Jesse Paenga
Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
027 764 4748 027 764 4748 jesse.paenga@bayleys.co.nz All Listings
Starting in commercial real estate in 2014, Jesse was driven by a deep-seated passion for property investment and since then, has forged an impressive track record marked by notable achievements such as orchestrating Christchurch’s largest-ever transaction valued at $77 million and securing leases for major central city establishments including Hoyts and H&M all whilst exceeding sales of $300 million.
Armed with a Bachelor of Commerce degree with first-class honours from Otago and Canterbury Universities, Jesse has honed his skills across diverse sectors within the industry. From office and retail leasing to project leasing for prominent CBD retail developments, and from investment sales to capital markets, Jesse's multifaceted background ables him to provide nuanced insights. His keen ability to accurately gauge market rents and assess a property's future lease-ability and value proves invaluable to both vendors and purchasers.
Drawing from his personal experiences as an investor and hands-on involvement in property development, Jesse possesses a unique knack for analysing opportunities from an investor's perspective. His proficiency in uncovering hidden gems within deals, coupled with his adeptness at aligning opportunities with clients' needs and future potential, sets him apart.
Committed to keeping his clients ahead of the curve, Jesse stays ahead of market dynamics and fundamentals, including debt funders' appetites, interest rates, vacancy rates and rental trends. By leveraging these insights and knowledge, he equips his clients with foresight into market movements, ensuring they identify and gain early access to deals.
From his experience in the post-earthquake environment in Christchurch, Jesse considers the most exciting part of property to be the positive impact a new development or refurbishment can have on the cityscape. In his role as Bayleys Director of Capital Markets & Corporate Leasing, Jesse remains dedicated to serving the Christchurch market and the Otago/Southland commercial sector, offering first-hand expertise tailored to his clients' unique needs.
Outside of work Jesse’s young son keeps him busy. He also likes to go to the gym and spend time in the outdoors including hunting.
Contact Ryan Johnson
Bayleys Real Estate Ltd
Licenced REAA 2008
021622278 charlie.tudehope@bayleys.co.nz All Listings
As National Director Commercial at Bayleys Real Estate, it could be said that Ryan Johnson’s experience is second to none.
With over 25 years in real estate and funds management across New Zealand, Asia Pacific and the UK, Ryan heads Bayleys’ Commercial Real Estate business and Capital Market teams. This brings together New Zealand’s largest commercial agency with 240 brokers transacting over 2,400 deals worth in excess of $3.4 billion.
Through his local and offshore experience, Ryan has cemented relationships with investors, fund managers, government, local authorities, large corporate institutions, financial advisors, commercial trading banks and high net wealth individuals. These complement his more recent task of managing the Bayleys’ Knight Frank agency partnership.
In October 2018, Bayleys acquired Knight Frank New Zealand to provide clients with access to its global network. This conglomerate now provides global reach for local clients looking for offshore buyers or tenants, as well as assisting global investors to invest locally across a range of cities and sectors.
Ryan has brokered in excess of $2 billion of transactions, allowing him to confidently manage Bayleys’ extensive Commercial & Industrial division covering 15 offices nationwide.
A member of the Bayleys Executive team, Ryan’s combination of experience, market knowledge and both international and local reach is matchless. With an open and amiable approach, he is in a unique position to assist clients with getting the best outcome across a full service of commercial capability.