99 Bikes national leaseback portfolio for sale - Ray White Commercial
Contact
Nov 18, 2020
99 Bikes national leaseback portfolio for sale - Ray White Commercial
Ray White Commercial has been appointed to sell four properties across four states all with a head lease to 99 Bikes as a national leaseback portfolio sale.
-
Ray White Commercial159 Great Eastern Highway, Belmont, WA.
A portfolio of commercial assets spread across four states is for sale through Ray White Commercial.
The four opportunities are located in Queensland’s Everton Park (544 South Pine Road), Victoria’s Bayswater (10 Scoresby Road), ACT’s Phillip (36 Botany Street), and Western Australia’s Belmont (159 Great Eastern Highway).
All properties have a head lease to 99 bikes and are being offered to market as part of a national leaseback portfolio sale.
544 South Pine Road, Everton Park, QLD. Source: Ray White Commercial
The assets are being offered as an expression of interest either individually or in-one-line and come newly refurbished with a Weighted Average Lease Expiry of nine years across the portfolio.
The properties are being marketed and sold by Ray White Commercial QLD Investment Sales Lachlan O’Keeffe and Michael Feltoe as the lead agents, utilising the full Ray White network accompanied by Ryan Trickey (Victoria), Ben Faulks (ACT), and Chris Matthews (WA).
10 Scoresby Road, Bayswater, VIC. Source: Ray White Commercial
Mr O'Keeffe said 99 Bikes had been considered an essential service business as it provides the product and services to both a critical mode of transport and an increasingly important form of outdoor exercise.
“The most recent and successful strata sale in Burleigh Heads, Queensland, sold on a 5.7 per cent yield, and with the continued flight-to-quality amidst COVID-19, we expect these free-standing large format retail assets to be highly sought-after throughout the campaign,” he said.
36 Botany Street, Phillip, ACT. Source: Ray White Commercial
Mr Feltoe said sales across all 50 stores nationally were up a minimum 200 per cent,
"We believe these 99 Bikes tenanted investments will be considered the new ‘trophy’ assets,” he said.
View links to the 99 Bikes listings below:
159 Great Eastern Highway, Belmont, WA.
544 South Pine Road, Everton Park, QLD.
10 Scoresby Road, Bayswater, VIC.
36 Botany Street, Phillip, ACT.
Similar to this:
Perth suburban shopping centre for sale - Ray White Commercial (WA)
Ray White Commercial (WA) welcomes new Senior Office Leasing Advisor
Interstate buyers helping drive Perth leased investment sales - Ray White
Important Information:
Contact details:
Marlini Pate
RWC
+61 447 714 899
Email
14547
14553
Marlini Pate
Lachlan O'Keeffe
RWC Retail
0413 464 137
Email
14547
14559
Lachlan O'Keeffe
Chris Matthews
Ray White Commercial (WA) Joint Managing Director
Email
14547
14565
Chris Matthews
Ryan Trickey
Ray White Commercial Glen Waverley Managing Director
Email
14547
14571
Ryan Trickey
Ben Faulks
Ray White Canberra Executive Director and Founder
Email
14547
14577
Ben Faulks
