1-15/42 Gravatt Road, Papamoa, Tauranga, Bay Of Plenty

This high performing large format centre is anchored long term by Cotton On Group which leases three separate tenancies on long term tenure through to 2030. Over the last 5 years annualised sales growth has increased by a whopping 57% cementing the upward trajectory of the large format asset class success story.

Modern large format building. Concrete tilt-slab and steel construction materiality. A-Grade seismic rating. High - stud tenancies. 122 exclusive dedicated carparks immediately in front of shops. Convenient onsite facilities for shoppers & staff

With a 5yr average lease term other high-profile commercial tenants include Burger Fuel, Bonds, Bendon, Converse, Sheridan, Puma, Skechers, Amazon Surf, Decjuba and Under Armour on long term leases. Each tenancy has its own title so you can select which tenancies to buy and/or build your property portfolio with the confidence of a hands - off managed investment including robust fixed annual rent increases.

Options aplenty for first time commercial investors shopping in the $1 million range as well as seasoned investors looking for high calibre 'lock up & leave' additions to their portfolio. Seldom do commercial opportunities of this calibre present themselves to the market with such strong tenant covenants in such a high population growth coastal location.

Managed by professional Asset & Facilities Managers, this hands-off investment gives you property ownership with peace of mind including A-grade seismic rating and years of passive income and rental grown to come.

Contact the sole agents to discuss your opportunity to secure a 6% return today.