KFC, 6 Cranley Street, Linwood, Christchurch

Available PropertyFiles:

  • 20220601 - KFC - Rent Review (1).pdf
  • Information Memorandum - 6 Cranley Street - KFC.pdf
  • KFC.zip

Property Description

Bucket full of returns

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.

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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 William Wallace

Whalan and Partners Ltd, Bayleys,

Licensed under the REA Act 2008

+64 3 375 4700   +64 27 474 7981   william.wallace@bayleys.co.nz   All Listings

As Bayleys General Manager Commercial & Industrial – South Island, William’s role is diverse and all encompassing. Known for his high energy, William thrives on motivating teams and working with individuals to achieve the best for their clients.

William brings a huge depth of international knowledge and experience, having risen through the property ranks over two decades. Originally hailing from South Africa, he enjoyed a hugely successful career working initially for Broll Property Group/CBRE where he cut his teeth in the agency world. This saw him working in the development industry for one of South Africa's largest privately-owned property developers with some of the largest and most successful mixed-use developments in South Africa including the award-winning 450,000sqm Melrose Arch precinct in Johannesburg. William was responsible for overseeing the leasing and sales of the entire development, including 100 separate retail units making up 36,000sqm of retail space. Additionally he handled sales, leasing, acquisition and property management for several other major mixed-use precincts around Cape Town, including the 46,000sqm Yacht Club development and the 200,000sqm Harbours Arch precinct.

This experience has equipped William with an end-to-end knowledge of commercial and industrial property, including an ability to provide in-depth analysis of each property’s constituent parts in order to identify where the value lies, and highlighting that value to the buyer market. He now translates this extensive knowledge to a high-performing Bayleys team capable of delivering better than expected results. William’s long career also means he brings extensive and highly valuable networks to his role including relationships with institutions, funds and high net worth individuals.

Competitive by nature Williams will always go the extra mile for his staff and their clients. He considers high levels of client care has been one of the major contributors to his success. Having worked for corporates extensively, William values the family values Bayleys encompasses and aims to instil these in his team.

Outside of work William enjoys surfing and any free moment he has he can normally be found in the water. William will be getting involved with assisting lifesaving organisations with their junior training programme. William has completed a full Iron Man in 2013 and has represented South Africa for longboard surfing culminating in him winning the South African Longboard Surfing title. He has also competed in many longboard surfing events in New Zealand at local level.

Work hard play hard is William’s motto and he is passionate about providing all the value he can to the Bayleys commercial and industrial South Island team and their clients.