Papamoa
Unit 7/42 Gravatt Road, Papamoa, Tauranga & Surrounds
Asking Price NZ$1,625,000 + GST
(if any)
Solid investment returns: Skechers
Prime opportunity to purchase Unit 7, 42 Gravatt Road, in the coveted Fashion Island retail complex in Papamoa. Skechers commenced a new 5 year lease from 7 November 2019 for a final expiry date of 6 November 2024. Impressive annual net income that must have investor and owner occupier appeal.
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. Call the Sole agents for a full Fashion Island information pack to secure a passive investment performer for a long term hold.
Ryan Bradley
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Brendon Bradley
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Lynn Bradley
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Rent review
4% annually (subject to rental cap)
Occupancy
Skechers
Floor area details
222.15sqm (approximately)
Passing income
$101,668 + GST
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.