Stonebridge is pleased to present ’99 Bikes Tweed Heads South’ for sale via National Portfolio Auction on Thursday, 19 February at 10.30am (AEDT).

The asset has the following key investment features:

– Anchored by global tenant with a new 9-year lease to 2035, plus options to 2050, 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 1,589 sqm* landholding boasting 16 onsite car parks and 37m* of prime street frontage

– Recently refurbished dual tenanted freestanding concrete tilt panel asset, offering excellent tax depreciation benefits

– Surrounded by unrivalled retail amenity including Tweed City Shopping Centre (5.8M Visitors p.a*) plus major retailers Coles, Woolworths, Kmart, Bunnings, Amart and more

– Strategically located off Pacific Motorway (110,906+ vehicles daily) and nestled within major retail precinct

– Tweed Heads – Dynamic NSW region with over $1 billion worth of significant infrastructure projects recently completed or underway and neighbouring Australia’s largest non-capital city, the Gold Coast, set to explode to 1.2 million residents by 2050

– Northern Rivers – Premier tourist destination home to world-famous beachfront towns such as Byron Bay, boasting an annual economic output of $19 billion+*

– Net Income $189,845 pa* + GST

’99 Bikes Tweed Heads South’ is for sale via National Portfolio Auction on Thursday, 19 February at 10.30am (AEDT)

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

*Approximately

Our ID: a0TOd00000crepXMAQ
Our Ref: National Portfolio, Retail

Property Code: 1564