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Papamoa

Unit 13/42 Gravatt Road, Papamoa, Tauranga & Surrounds

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251sqm Floor area
122 Offstreet

Solid returns on investment: Cotton On Kids


Outstanding opportunity to purchase Unit 13, 42 Gravatt Road, in the coveted Fashion Island retail complex in Papamoa. Cotton On Group is a privately owned company that hold the prestigious market position of being Australia's largest global retailer known for its fashion and stationary brands. The Cotton on Group lease three units at Fashion Island that anchor the complex as a magnet for both customers and other fashion tenants for the rest of this decade. Cotton On Kids commenced a 13 year lease from 1 July 2017 for a final expiry date of 30 June 2030. Superb long lease tenure and such strong tenant covenant for you to purchase this prime asset with the utmost confidence. Built in rental increases every year provide fixed growth to these superb assets. Investors can buy with the confidence of an A-grade seismic rating and low-risk construction materials. Call Team Bradley for an information pack to secure a passive investment performer for a long term hold.

Asking Price NZ$1,750,000 + GST (if any)
Ryan Bradley

Ryan Bradley

Commercial and Industrial Sales and Leasing

Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Brendon Bradley

Brendon Bradley

Commercial Sales and Leasing

Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Lynn Bradley

Lynn Bradley

Commercial Sales and Leasing

Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Rent review


Fixed 3% annually

Occupancy


Cotton On Kids

Floor area details


250.6sqm (approximately)

Passing income


$107,465 + GST & OPEX

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