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

The asset has the following key investment features:

– Brisbane high street retail asset anchored by global tenant with 3 year lease to 2028 plus 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

– Valuable 1,288 sqm* Brisbane metro landholding in tightly held precinct 3.5 km* from the CBD

– Prime location with expansive frontage to Waterworks Road, key arterial carrying 27,407+* vehicles daily

– Directly opposite Ashgrove Marketplace, Woolworths anchored neighbourhood shopping centre

– Ashgrove – Affluent near city Brisbane suburb 3.5 km* from CBD, with household income 64% above national median

– Brisbane – Booming capital city and economic engine of the $409 billion* Qld economy, population forecast to grow 40% in the next 20 years to 3.5 million* residents

– Estimated Net Income $250,000 pa* + GST

‘99 Bikes Ashgrove (Brisbane)’ 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: 1463