Stonebridge is pleased to present ’99 Bikes Nedlands (Perth)’ for sale via National Portfolio Auction on 19 February at 10.30am (AEDT).

The asset has the following key investment features:

– Brand new 7-year lease to 2033, plus options to 2051, 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

– Prominent corner position within bustling retail complex with rear access and 30+ at-grade car parks

– Exceptional exposure to Stirling Highway (41,452+* vehicles daily), one of Perth’s key arterial roads connecting the CBD to western suburbs

– Strategically located 1km* from Claremount shopping centre, anchored by Coles with 116+ stores and 1,200+ car parks, within Perth’s established retail corridor

– Nedlands – Highly affluent Perth suburb just 7km* from CBD and neighbours the renowned Dalkeith ($3.8M median house price)

– Perth – Booming capital city and economic powerhouse of Western Australia with population projected to reach 3.5M by 2050

– Net Income $118,267 pa* + GST

’99 Bikes Nedlands (Perth)’ is for sale via National Portfolio Auction on 19 February at 10.30am (AEDT)

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

*Approximately

Our ID: a0TOd00000crV35MAE
Our Ref: National Portfolio, Retail

Property Code: 1559