Unit 9/42 Gravatt Road, Papamoa, Tauranga & Surrounds

Local Success Story - The Hair Hut!

The most affordable opportunity to purchase in the coveted Fashion Island retail complex in Papamoa is Unit 9. This unit is tenanted by local service business The Hair Hut who operate from a Tauranga CBD location as well. Extraordinary product range, professional knowledge and talented hair stylists is a winning combination for this well supported local entity. Their core hair salon business also complements the fashion theme in the centre perfectly. The Hair Hut commenced a new 5 year lease from 2 September 2019 for a final expiry date of 1 September 2024. Great entry level or maybe a 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.