Land and buildings housing a branch of one of New Zealand’s largest tyre retailing and fitting businesses are for sale.
The 809 square metre freehold property and 322 square metre building is a corner site at 2 Belvedere Street in Te Puke and is currently leased to Bridgestone New Zealand.
Bridgestone New Zealand Ltd was founded in 1998 following the merger of the Bridgestone and Firestone tyre companies. Bridgestone produced the first tyres in New Zealand, and is now the only tyre manufacturer here.
Bridgestone branches nationwide – including the Te Puke operation – are responsible for automotive servicing and issuing warrants of fitness, doing wheel alignments and balancing, puncture repairs, and selling tyres for private, commercial, and heavy grade vehicles.
The Belvedere Street lease to Bridgestone in Te Puke runs through until 2018, with two further six-year rights of renewal. The lease generates an annual return of $36,300 plus GST.
The land and building are for sale by private treaty through Bayleys Tauranga. The property has a high-profile frontage onto Jellicoe Street, one of the town’s busiest routes, salesperson Brendon Bradley says.
The single-storey rectangular building comprises multiple service bays, a large storage room, staff cafeteria and toilets, and administrative offices.
It’s the first time in about 20 years the property has come up for sale.
