Stonebridge is pleased to present ’99 Bikes Coburg (Melbourne)’ for sale via National Portfolio Auction on 19 February at 10:30am (AEDT).

The asset has the following key investment features:

– Brand new 4-year lease to 2030, plus options to 2042, 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

– High profile, 563 sqm* corner site offering 16m* of premium street frontage providing exceptional brand visibility

– Strong exposure to Sydney Road (19,000+* vehicles daily) and strategically located in Coburg’s primary retail precinct, surrounded by major national retailers including Coles, Woolworths & Bunnings

– State of the art retail showroom boasting significant recent refurbishments and huge depreciation benefits

– Strong local demographics, with the area experiencing significant urban renewal driven by major infrastructure investment and population growth

– Central retail position in major metro catchment with over 559,000+ residents within a 15min drive time

– Coburg – Key inner north suburb of Melbourne 7km* from the CBD and a major retail and commercial hub

– Net Income $94,564 pa* + GST

’99 Bikes Coburg (Melbourne)’ 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: 1558