99 Bikes, 3/140 Russell Street,
Morley, WA 6062
Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial
Key property information
Floor area
Car spaces
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Stonebridge Property Group - Melbourne
Level 19, 627 Chapel StreetSOUTH YARRA, VIC 3141
99 Bikes, 3/140 Russell Street
Morley, WA 6062
Map
Blue Chip Retail Asset 6km to Perth CBD - 10 Year Lease to Global Tenant
- Adjacent National Retailers
- New 10 Year Lease
- 200m from Major Shopping Centre
Stonebridge is pleased to present ’99 Bikes Morley (Perth)’ for sale via National Portfolio Auction on Friday 31 October at 11am (AEDT).
The asset has the following key investment features:
- Long 10 year lease to 2035 plus 3 x 5 year options to 2050, with uncapped 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
- State-of-the-art retail store, offering significant recent refurbishments & excellent depreciation benefits
- Ideal retail location just 200m* from Galleria Shopping Centre, anchored by Coles and Woolworths plus over 4,200 car parks
- Surrounded by key national retailers – Officeworks, Repco, Bridgestone, Auto One, Anytime Fitness & more
- Morley – Bustling Inner Perth Suburb situated just 6km north from the CBD
- Perth – Australia’s 4th most populous city with population set to reach 3.5m* by 2050, bolstered by Western Australia’s booming $404Bn GDP
- Estimated Net Income $75,327 pa* + GST
‘99 Bikes Morley (Perth)’ is for sale via National Portfolio Auction on Friday 31 October at 11am (AEDT).
Please contact the exclusively appointed Stonebridge property professionals for more information.
*Approximately
Property Code: 1465
The asset has the following key investment features:
- Long 10 year lease to 2035 plus 3 x 5 year options to 2050, with uncapped 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
- State-of-the-art retail store, offering significant recent refurbishments & excellent depreciation benefits
- Ideal retail location just 200m* from Galleria Shopping Centre, anchored by Coles and Woolworths plus over 4,200 car parks
- Surrounded by key national retailers – Officeworks, Repco, Bridgestone, Auto One, Anytime Fitness & more
- Morley – Bustling Inner Perth Suburb situated just 6km north from the CBD
- Perth – Australia’s 4th most populous city with population set to reach 3.5m* by 2050, bolstered by Western Australia’s booming $404Bn GDP
- Estimated Net Income $75,327 pa* + GST
‘99 Bikes Morley (Perth)’ is for sale via National Portfolio Auction on Friday 31 October at 11am (AEDT).
Please contact the exclusively appointed Stonebridge property professionals for more information.
*Approximately
Property Code: 1465
Morley, 6062 demographic data
22,539
Population
$1,583 per week
Median household income
39 years
Median age
Owners
Most residents
Families
Most households
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
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