Outstanding opportunity to purchase Unit 10, 42 Gravatt Road, in the coveted Fashion Island retail complex in Papamoa. This unit is tenanted by premium Australian fashion brand Decjuba that has grown from 6 to 120 stores since 2008 retailing edgy fashion at an accessible price point. This is a top performing brand at Fashion Island that has a 5 year lease term from 11 November 2021 plus a further 5 year right of renewal for a final expiry date of 10 November 2031. Strong tenant covenant equals sound investment profile for peace of mind!
This unit is one of twelve remaining for sale at Fashion Island - a purpose-built unit-titled property in the popular Bay of Plenty beachside neighbourhood of Papamoa. It is home to 19 businesses including strong international apparel brands, local beauty and fashion-related service providers, and popular food outlets. Built in rental increases every year provide fixed growth to these superb assets. 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. Each stratum in freehold unit is being sold separately so you can select the tenancies you prefer and build a portfolio. Call the Sole agents for a full Fashion Island information pack to secure a passive investment performer for a long term hold.
