Prime opportunity to purchase Unit 2, 42 Gravatt Road, in the coveted Fashion Island retail complex in Papamoa. This unit comprises two tenancies that includes the long established Bonds Outlet store and the Centre Rest Rooms with a total annual net rental of $151,206 plus GST and outgoings. Bonds are a high performing anchor tenant in this complex and have renewed their lease until April 2028. Must suit a savvy investor looking for passive returns with built in fixed rental growth each year.
Investors can buy with the confidence of an A-grade seismic rating and low-risk construction materials. Seldom do commercial opportunities of this calibre present themselves to the market with such strong tenant covenants in a highly desirable coastal location. The owners are motivated to sell and have reduced the price to $2,450,000 +GST (if any) which is a 6.17% return for this outstanding asset. Call Team Bradleys for a full information pack to secure a passive investment performer for a long term income stream.