Large Format Retail Investment: Decjuba


Unit 10/42 Gravatt Road, Papamoa

Asking Price NZD $1,350,000 + GST (if any)

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Large Format Retail Investment: Decjuba | Unit 10/42 Gravatt Road, Papamoa | 2502351 |      X Close
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Large Format Retail Investment: Decjuba


Outstanding opportunity to purchase Unit 10, 42 Gravatt Road, in the coveted Fashion Island retail complex in Papamoa. This unit is tenanted by premium Australian fashion brand Decjuba that has grown from 6 to 120 stores since 2008 retailing edgy fashion at an accessible price point. The business employs over 1400 women who share a common desire to make every woman look and feel amazing. This is a top performing brand at Fashion Island that has recently renewed for a further 5 year lease term from 11 November 2021 plus has a further 5 year right of renewal for a final expiry date of 10 November 2031. Strong tenant covenant equals sound investment profile for peace of mind!

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. 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 10/42 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