Unit 1/42 Gravatt Road, Papamoa, Tauranga & Surrounds

Large Format Retail Investment: Burger Fuel

Outstanding opportunity to purchase Unit 1, 42 Gravatt Road, in the coveted Fashion Island retail complex in Papamoa. This unit is located in a prime position with two excellent hospitality operators, Burger Fuel & The Seafood Collective. From their first store in Ponsonby Road 1995 and now to Indianapolis USA, Burger Fuel has gone from strength to strength with fun, fast and loud rebel spirit whilst creating fresh, pure and wholesome burgers. All things fish with a modern twist, The Seafood Collective has four stores located across Auckland and Tauranga. The unit provides a total annual net rental of $83,590 + GST & OPEX. Built in rental increases every year provide fixed growth to this superb asset and the next renewal for both tenants is at the end of 2026 providing a top quality commercial investment.

This Unit is one of twelve remaining units for sale at Fashion Island - a purpose-built unit-titled property in the popular Bay of Plenty beachside neighbourhood of Papamoa. It is home to 19 businesses including strong international apparel brands, local beauty and fashion-related service providers, and popular food outlets. The centre was extensively upgraded and refurbished in 2017, which also included the shopfront facade to create a distinct 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. Each unit is being sold separately so you can select the tenancies you prefer and build a portfolio. Seldom do commercial opportunities of this calibre present themselves to the market with such strong tenant covenants in a highly desirable coastal location. Call the Sole agents for a full Fashion Island information pack to secure a passive investment performer for a long term hold.