Large Format Retail Investment: Cotton On


Unit 8/42 Gravatt Road, Papamoa

Asking Price NZD $2,200,000 + GST (if any)

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Large Format Retail Investment: Cotton On | Unit 8/42 Gravatt Road, Papamoa | 2502349 |      X Close
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Large Format Retail Investment: Cotton On


Outstanding opportunity to purchase Unit 8, 42 Gravatt Road, comprising dual tenants 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. Major tenant Cotton On commenced a new 10 year lease from 29 September 2020 for a final expiry date of 28 September 2030. Superb long lease tenure and such strong tenant covenant for you to purchase this prime asset with the utmost confidence.

Neighbour Cycleworx is a bike sales, service and repairs business. Cycleworx commenced a four year lease from 31 March 2022 with a final expiry date of 31 April 2032.

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. 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. Call the Sole agents for a full Fashion Island information pack to secure a passive investment performer.

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 8/42 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