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Papamoa

1-15/42 Gravatt Road, Papamoa, Tauranga & Surrounds

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3,420sqm Floor area
122 Offstreet

For Sale by Negotiation

Long term leases - 6%+ returns


This high performing large format centre is anchored long term by Cotton On Group which leases three separate tenancies on long term tenure through to 2030. Over the last 5 years annualised sales growth has increased by a whopping 57% cementing the upward trajectory of the large format asset class success story.

Modern large format building. Concrete tilt-slab and steel construction materiality. A-Grade seismic rating. High - stud tenancies. 122 exclusive dedicated carparks immediately in front of shops. Convenient onsite facilities for shoppers & staff

With a 5yr average lease term other high-profile commercial tenants include Burger Fuel, Bonds, Bendon, Converse, Sheridan, Puma, Skechers, Amazon Surf, Decjuba and Under Armour on long term leases. Each tenancy has its own title so you can select which tenancies to buy and/or build your property portfolio with the confidence of a hands - off managed investment including robust fixed annual rent increases.

Options aplenty for first time commercial investors shopping in the $1 million range as well as seasoned investors looking for high calibre 'lock up & leave' additions to their portfolio. Seldom do commercial opportunities of this calibre present themselves to the market with such strong tenant covenants in such a high population growth coastal location.

Managed by professional Asset & Facilities Managers, this hands-off investment gives you property ownership with peace of mind including A-grade seismic rating and years of passive income and rental grown to come.

Contact the sole agents to discuss your opportunity to secure a 6% return today.

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

Opportunity


12 commercial units with 15 tenancies and 122 dedicated carparks

Zoning


Commercial

Seismic (NBS Rating)


A-Grade 80% NBS seismic rating

Occupancy


Weighted average lease term 4.86 years with fixed annual rent increases

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.