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Linwood

Eastgate Shopping Centre, 20, A and B Buckleys Road, Linwood, Christchurch

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66,989sqm Land area SQM
27,423sqm Floor area

Centre of attention


Eastgate 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 27,423sqm 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.

For Sale by Deadline Private Treaty
(unless sold prior)

3 Deans Avenue, Chch

24
Oct

Time4pm
Calander
Calendar
Jesse Paenga

Jesse Paenga

Investment, Retail and Office Sales and Leasing

Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
William Wallace

William Wallace

General Manager

Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Ryan Johnson

Ryan Johnson

National Director - Commercial and Capital Markets

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Growth


Strong income growth potential

Anchor tenants


Anchored by major brands Woolworths, The Warehouse, Warehouse Stationery, KFC and Taco Bell

Occupancy


Over 97% occupied with a diversified tenant mix including retail, food and beverage, medical and offices

Land area breakdown


27,423sqm gross lettable area on 66,989sqm (more or less) with over 900metres of frontage to four streets

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