A portfolio of eight premium retail investments is being offered for sale by Stonebridge Property Group. ‘The 99 Bikes Portfolio’ presents a rare offering of eight individual retail investments, each strategically positioned within established commercial precincts across major cities Brisbane, Gold Coast, Melbourne and Perth.
Each asset is underpinned by brand new lease terms of up to 10 years, together with multiple options providing long term security and income growth for investors.
99 Bikes, known as Australia’s number one bicycle retailer, operates more than 75 locations globally and is a wholly owned subsidiary of Pedal Group, backed by the ASX-listed Flight Centre Travel Group (ASX:FLT). The dominant retailer continues to experience strong growth underpinned by Australia’s increasing focus on health, lifestyle and sustainable transport, reinforcing its position as a market leading tenant.
Stonebridge Executive Rory Alexander commented, “This portfolio presents an exceptional opportunity to acquire one or more premium retail leased investments at an affordable price point. Demand for quality retail assets – particularly those underpinned by globally established operators – continues to remain one of the most sought after asset classes in the market.”
Harry Curtain, Executive at Stonebridge added, “We anticipate strong national interest in this portfolio, with each asset offering excellent exposure within established retail or mixed-use precincts. The combination of secure income streams, brand new leases and premium metropolitan locations makes this an outstanding investment opportunity.”
The assets comprising “The 99 Bikes Portfolio” are for sale individually via Stonebridge National Portfolio Auction held Friday 31st October at 11AM (AEDT).
For more information, please contact the team below:
Rory Alexander | +61 474 038 353 | ralexander@stonebridge.com.au
Harry Curtain | +61 438 684 800 | hcurtain@stonebridge.com.au
Nic Hage | +61 448 782 594 | nahge@stonebridge.com.au
Ian Lam 林煒峻 | +61 416 621 859 | ilam@stonebridge.com.au
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