Outstanding opportunity to purchase Unit 8, 42 Gravatt Road, comprising dual tenants in the coveted Fashion Island retail complex in Papamoa. Major tenant Cotton On commenced a new 10 year lease from 29 September 2020 for a final expiry date of 28 September 2030. Superb long lease tenure and such strong tenant covenant for you to purchase this prime asset with the utmost confidence. Neighbour Cycleworx is a bike sales, service and repairs business. Cycleworx commenced a four year lease from 31 March 2022 with a final expiry date of 31 April 2032.
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 Fashion Island information pack to secure a passive investment performer.