The Building housing a KFC outlet in the suburb of Hamilton East that has been serving fried chicken for more than 30 years has been placed on the market for sale.
The KFC Hamilton East buildings at 275 Grey St are being marketed for sale by auction through Bayleys Hamilton. Salesperson Josh Smith said the property was indicative of KFC locations nationally, which traded under a generic proven design and décor matrix.
“KFC is one of New Zealand’s most instantly recognisable consumer brands, and its tenancy at Grey St stretches well back to another generation – indicating the continuing strength and longevity of the marque,” said Smith.
Located on the corner of Grey St and Wellington St, the highly visible Hamilton East KFC location consists of a 230sqm single-storey premises sitting on 1024sqm of leasehold land. The premises is close to fellow convenience food operator McDonald’s on the main arterial route.
“Internally, the building is split into three distinct zones – encompassing customer seating and bathrooms, the food preparation and serving area with its fryers, grills, and front of house service counters, and finally the food storage units and staff amenity areas,” noted Smith.
“A recent addition to the long-standing building is the covered seating space creating a sheltered outdoor area. Large floor-to-ceiling glass windows face directly out onto the wide Grey St pavement, and Steel Park on the other side of the road.”
Generating annual rental of $93,606 plus GST and operating expenses, KFC is on a lease running through to 2028. The original core of the Grey St premises has a new building standard rating of 45 percent and has been expanded over the years as the tenant’s activities and customer base grew.