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Unit 13/42 Gravatt Road, Papamoa, Tauranga, Bay of Plenty, 0 bedrooms, 0浴, Retail Property

$1,750,000

Unit 13/42 Gravatt Road, Papamoa, Tauranga, Bay of Plenty

122
250m2
Retail PropertyListed on Thu Nov 25
$10,397/Monthly repayments
Based on estimate value
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Papamoa Solid returns on investment: Cotton On Kids

Outstanding opportunity to purchase Unit 13, 42 Gravatt Road, in the coveted Fashion Island retail complex in Papamoa. Cotton On Group is a privately owned company that hold the prestigious market position of being Australia's largest global retailer known for its fashion and stationary brands. The Cotton on Group lease three units at Fashion Island that anchor the complex as a magnet for both customers and other fashion tenants for the rest of this decade. Cotton On Kids commenced a 13 year lease from 1 July 2017 for a final expiry date of 30 June 2030. Superb long lease tenure and such strong tenant covenant for you to purchase this prime asset with the utmost confidence. Built in rental increases every year provide fixed growth to these superb assets. Investors can buy with the confidence of an A-grade seismic rating and low-risk construction materials. Call Team Bradley for an information pack to secure a passive investment performer for a long term hold.

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