Large Format Retail Investment: Converse


Unit 14/42 Gravatt Road, Papamoa

Asking Price NZD $2,100,000 + GST (if any)

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Large Format Retail Investment: Converse | Unit 14/42 Gravatt Road, Papamoa | 2502355 |      X Close
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Large Format Retail Investment: Converse


Prime opportunity to purchase Unit 14, 42 Gravatt Road, in the coveted Fashion Island retail complex in Papamoa. This unit is tenanted by world famous shoe & fashion brand Converse with Fashion Island being one of four "factory outlet" stores in the upper North island. The Converse brand has the distinction of a 113 year trading history and it's new Zealand distributors have recently renewed their licence. Converse commenced a new 5 lease on 1 August 2020 with a current final expiry of 31 July 2025. Grab your runners to be first to secure this prime Papamoa income earner!

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 14/42 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