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

The asset has the following key investment features:

– Long 10 year lease to 2035 plus 3 x 5 year options to 2050, with uncapped 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

– State-of-the-art retail store, offering significant recent refurbishments & excellent depreciation benefits

– Ideal retail location just 200m* from Galleria Shopping Centre, anchored by Coles and Woolworths plus over 4,200 car parks

– Surrounded by key national retailers – Officeworks, Repco, Bridgestone, Auto One, Anytime Fitness & more

– Morley – Bustling Inner Perth Suburb situated just 6km north from the CBD

– Perth – Australia’s 4th most populous city with population set to reach 3.5m* by 2050, bolstered by Western Australia’s booming $404Bn GDP

– Estimated Net Income $75,327 pa* + GST

‘99 Bikes Morley (Perth)’ 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: 1465