Stonebridge is pleased to present ’99 Bikes Mordialloc (Melbourne)’ for sale via National Portfolio Auction on Friday 31 October at 11am (AEDT).

The asset has the following key investment features:

– Secure 3 year lease to 2028 plus 4 x 3 year options to 2040, with annual CPI rent increases

– 99 Bikes (Pedal Group) – Australia’s number one bicycle retailer, a wholly owned subsidiary of Pedal Group and backed by ASX listed Flight Centre, boasting a network of 75+ stores globally

– State-of-the-art showroom boasting recent refurbishments, ample car parking & a designated on title loading dock

– Central retail position in the heart of an affluent catchment that boasts 256,000+ residents within a 15min drive time

– High profile Boundary Road retail position exposed to 36,000+ vehicles daily

– Mordialloc – An established south east Melbourne suburb, 20km from the CBD and boasting a thriving retail, commercial and industrial hub

– Estimated Net Income $126,024 pa* + GST

‘99 Bikes Mordialloc (Melbourne)’ is for sale via National Portfolio Auction on Friday 31 October at 11am (AEDT).

Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately

Our Ref: Large Format Retail, Strip Retail, National Portfolio

Property Code: 1462