Global Tenant Covenant - Long Term Lease!


Unit 5/42 Gravatt Road, Papamoa

By Negotiation

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Global Tenant Covenant - Long Term Lease! | Unit 5/42 Gravatt Road, Papamoa | 2502346 |      X Close
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Global Tenant Covenant - Long Term Lease!


Outstanding opportunity to purchase Unit 5, 42 Gravatt Road, in the coveted Fashion Island retail complex in Papamoa. Cotton On Group is a privately owned company that hold the prestigious market position of being Australia's largest global retailer known for its fashion and stationary brands. It has over 1500 stores in 18 countries and employs 22,000 workers globally. The Cotton on Group lease three units at Fashion Island that anchor the complex as a magnet for both customers and other fashion tenants for the rest of this decade. Cotton On Body commenced a new 10 year lease from 15 June 2019 for a final expiry date of 14 June 2029. Superb long lease tenure and such strong tenant covenant for you to purchase this prime asset with the utmost confidence.

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.

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 5/42 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