Bayleys Real Estate Ltd
Residential
Commercial
Rural
Property Services
News and Editorial
Auctions

Papamoa

Unit 7/42 Gravatt Road, Papamoa, Tauranga & Surrounds

Watchlist
Share
222sqm Floor area
122 Offstreet

Solid investment returns: Skechers


Prime opportunity to purchase Unit 7, 42 Gravatt Road, in the coveted Fashion Island retail complex in Papamoa. Skechers commenced a new 5 year lease from 7 November 2019 for a final expiry date of 6 November 2024. Impressive annual net income that must have investor and owner occupier appeal.

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 the Sole agents for a full Fashion Island information pack to secure a passive investment performer for a long term hold.

Asking Price NZ$1,625,000 + 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


4% annually (subject to rental cap)

Occupancy


Skechers

Floor area details


222.15sqm (approximately)

Passing income


$101,668 + GST

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

Request more information

Contact us and have your questions answered.