Large Format Retail Investment: Bonds Outlet


Unit 2/42 Gravatt Road, Papamoa

Asking Price NZD $2,850,000 + GST (if any)

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Large Format Retail Investment: Bonds Outlet | Unit 2/42 Gravatt Road, Papamoa | 2502343 |      X Close
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Large Format Retail Investment: Bonds Outlet


Prime opportunity to purchase Unit 2, 42 Gravatt Road, in the coveted Fashion Island retail complex in Papamoa. This unit comprises two tenancies that includes the long established Bonds Outlet store and the Centre Rest Rooms. Bonds is that iconic brand you put on first thing in the morning and the last thing you take off at night! Established in 1915 by Graeme Allan Bond, an American who emigrated to Sydney Australia, this 106 year old brand started from small beginnings and is now a household name from 8 seconds to 80 years old - Bonds is for everyone! Bonds next renewal is April 2023 and the Centre Rest Rooms September 2028 so long drop tenure here! Must suit a savvy investor.

This unit is one of twelve remaining 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. Built in rental increases every year provide fixed growth to these superb assets. 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. Each stratum in freehold 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.

Ryan Bradley

Tauranga

Licensed under the REA Act 2008

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Brendon Bradley

Tauranga

Licensed under the REA Act 2008

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Lynn Bradley

Tauranga

Licensed under the REA Act 2008

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Unit 2/42 Gravatt Road, Papamoa

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Ryan Bradley

Tauranga

Licensed under the REA Act 2008

View profile

Brendon Bradley

Tauranga

Licensed under the REA Act 2008

View profile

Lynn Bradley

Tauranga

Licensed under the REA Act 2008

View profile