Unit 4/42 Gravatt Road, Papamoa, Tauranga & Surrounds

Beautiful Investment!

One of the most affordable opportunities to purchase in the coveted Fashion Island retail complex in Papamoa is Unit 4. This unit is tenanted by local beautician business Majestic Nails & Beauty who provide a high standard of customer service in a relaxing luxurious environment catering for all nail and beauty requirements that complements the fashion theme in the centre perfectly. Majestic Nails & Beauty is local and loving it! Commenced a new 5 year lease from 5 October 2020 for a final expiry date of 4 October 2025. Great entry level or future owner occupier opportunity.

This unit is one of fifteen 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.