Stonebridge is pleased to present ‘99 Bikes Kedron (Brisbane)’ 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 net lease to 2030, plus options to 2049, 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

– Strategic 840 sqm* corner site providing 55m* of dual street frontage and convenient access, plus 10* on site car parks

– Rarely offered near city investment in unrivalled location only 7 km* to Brisbane CBD, boasting significant exposure to major arterial Gympie Road (65,638+ vehicles daily*)

– Purpose built modern large format retail asset completed in 2021, providing strong depreciation benefits

– Located within core Brisbane retail corridor nearby to Westfield Chermside and national tenants including Coles, Aldi, JB Hi-Fi, RSEA Safety, KFC, Guzman y Gomez & Hungry Jack’s

– Kedron – Established inner city suburb 7 km* from the CBD, in Brisbane’s affluent, densely populated inner north, with strong retail amenity, thriving business activity, and a high income residential catchment

– 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

– Net Income $165,123 pa* + GST

’99 Bikes Kedron (Brisbane)’ 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: 1553