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Portfolio Sale & Leaseback
Bridgestone, a global leader in the automotive manufacturing industry, is offering a sale and leaseback of their prominent East Tamaki site.
The sale represents a unique opportunity to acquire a high-quality long term WALE asset underpinned by a net rental of $323,000 p.a. to Bridgestone New Zealand Limited, a global leader in the automotive manufacturing industry. The Parent Company, Bridgestone Corporation is a Japan-based multinational tyre and rubber company listed on the Tokyo Stock Exchange.
Key Property Information:
+ Total GLA: 1,192sqm
+ Total Site Area: 3,852sqm
+ Site Coverage: 31%
+ Total WALE: 9 years fixed annual rental increases
+ Rental Growth: Strong fixed annual increases
+ Rights of Renewal: 3 x 6 years
+ Zoning: Light Industry
31 Lady Ruby Drive, East Tamaki is offered for sale via Expressions of Interest closing Thursday 25 August 2022 at 4:00pm (NZST) (unless sold prior).
Also For Sale are 845 Jones Road, Rolleston and 270 Palmerston Street, Westport.
Contact the CBRE Agents for information or to request a viewing:
James Appleby
021 817 366
Chad Greer
022 650 8044
Lewis Watson
021 845 484
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.64 km | 5 | 2 | -m2 | 2024年02月28日 | $1,150,000 | Council approved | |
1.43 km | 4 | 106m2 | 2024年01月22日 | $970,000 | Council approved | |||
0.26 km | 6 | 285m2 | 2023年12月12日 | $1,858,000 | Council approved | |||
 | 0.26 km | 6 | 3 | -m2 | 2023年12月12日 | $1,858,000 | Council approved | |
0.53 km | 4 | 195m2 | 2023年12月03日 | $1,425,000 | Council approved |