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Papamoa

Unit 14/42 Gravatt Road, Papamoa, Tauranga & Surrounds

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275sqm Floor area
122 Offstreet

Solid returns on Investment: Converse


Prime opportunity to purchase Unit 14, 42 Gravatt Road, in the coveted Fashion Island retail complex in Papamoa. This unit is tenanted by world famous shoe & fashion brand Converse with Fashion Island being one of four "factory outlet" stores in the upper North island. Grab your runners to be first to secure this prime Papamoa income earner! Built in rental increases every year provide fixed growth to this superb asset.

The centre was extensively upgraded and refurbished in 2017, which also included the shopfront facade to create a distinctly recognisable destination shopping centre. Shoppers can easily find a park with the convenience of 122 car parks shared on site. Investors can buy with the confidence of an A-grade seismic rating and low-risk construction materials. Call Team Bradley today for a full information pack.

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


Converse

Floor area details


274.58sqm (approximately)

Passing income


$109,871 + GST & OPEX

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