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Papamoa

Unit 13/42 Gravatt Road, Papamoa, Tauranga & Surrounds

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251sqm Floor area
122 Offstreet

Premium passive investment - Auction will decide!


Highly motivated vendors are committed to a sale, presenting an outstanding opportunity to secure a premium investment in the tightly held Fashion Island retail precinct. Unit 13, 42 Gravatt Road is underpinned by the strength of Cotton On Group, Australia's largest global fashion retailer, with Cotton On Kids occupying the premises on a secure 13 year lease through to 30 June 2030.

As one of three Cotton On Group stores within Fashion Island, the tenancy plays a key role in anchoring this thriving retail destination and driving consistent customer traffic. Enjoy the confidence of annual built-in rental growth, a strong national tenant covenant, an A-grade seismic rating, and low-risk construction, making this an exceptional set-and-forget investment. The property currently returns $117,429 + GST and 100% of Outgoings.

With motivated sellers and a clear commitment to meeting the market on auction day, this is your opportunity to secure a blue-chip passive investment that rarely becomes available. Call Ryan for a full information pack today!

Key features


Rent review

Fixed 3% annually

Occupancy

Cotton On Kids

Floor area details

250.6sqm (approximately)

Passing income

$117,429 + GST & OPEX

Need help with finance?

Vega

Vega is Bayleys’ preferred finance adviser for business, providing advice services across residential, business, property development, commercial lending and insurance.