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

The asset has the following key investment features:

– Anchored by brand new 9 year net 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

– Valuable 799 sqm* corner site zoned ‘District Centre’ providing long term upside & flexibility of uses

– Prime retail location with expansive frontage to Wynnum Road, key Brisbane arterial carrying 39,144+* vehicles daily*

– Located within core Brisbane retail corridor home to a plethora of national tenants including Woolworths, Coles, Aldi, Bunnings, Kmart, McDonald’s, KFC, Guzman y Gomez, Hungry Jack’s, Petbarn, Supercheap Auto & Chemist Warehouse

– Cannon Hill – Affluent near city Brisbane suburb 5.5 km* to the CBD, with household income 30% 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

– Net Income $166,940 pa* + GST

’99 Bikes Cannon Hill (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: a0TOd00000crg4rMAA
Our Ref: National Portfolio, Retail

Property Code: 1556