Papamoa
Unit 14/42 Gravatt Road, Papamoa, Tauranga & Surrounds
Asking Price NZ$1,750,000 + GST
(if any)
Solid returns on 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. Grab your runners to be first to secure this prime Papamoa income earner! Built in rental increases every year provide fixed growth to this superb asset.
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. Call Team Bradley today for a full information pack.
Ryan Bradley
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Brendon Bradley
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Lynn Bradley
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Rent review
Fixed 3% annually
Occupancy
Converse
Floor area details
274.58sqm (approximately)
Passing income
$109,871 + GST & OPEX
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