Stonebridge is pleased to present ’99 Bikes Mandurah’ 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 CPI annual 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

– Substantial 1,088 sqm* landholding boasting 15 at-grade car parks and convenient rear access on title

– Prime position with over 20m* of frontage along Pinjarra Road, Mandurah’s main arterial road and commercial strip, which services 23,315+ vehicles daily

– Ideal retail location just 1km* from Mandurah Forum Shopping Centre (159+ stores and 6,600,000* annual visitors)

– Surrounded by national tenants Woolworths, Coles, Aldi, McDonald’s, KFC, Subway, Hungry Jacks, Dominos, Dan Murphy’s. Bridgestone and more

– Mandurah – 1hr drive from Perth and Western Australia’s second largest city, known for its affluent lifestyle and population set to boom to 116,000+ by 2046

– Estimated Net Income $76,181 pa* + GST

‘99 Bikes Mandurah’ 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, National Portfolio

Property Code: 1464