Stonebridge launches 99 Bikes portfolio across four major cities
A portfolio of eight retail investments leased to Australia’s leading bicycle retailer, 99 Bikes, has hit the market across Brisbane, the Gold Coast, Melbourne and Perth. Each property is located within an established commercial precinct, providing investors with long-term income security backed by one of the country’s most recognisable retail brands.
All eight sites are offered individually and benefit from brand-new leases of up to 10 years, with multiple renewal options. The combination of new lease terms and a strong national tenant appeals to private and experienced commercial buyers seeking stable, income-producing assets.
“This portfolio presents an exceptional opportunity to acquire one or more premium retail leased investments at an affordable price point,” says Stonebridge Executive Rory Alexander.
“Demand for quality retail assets – particularly those underpinned by globally established operators – continues to remain one of the most sought-after asset classes in the market.”
Fellow Executive Harry Curtain adds that the properties’ mix of high-exposure locations and established trading environments is likely to attract strong national interest.
“Each asset offers excellent exposure within established retail or mixed-use precincts,” he says.
“The combination of secure income streams, brand-new leases and premium metropolitan locations makes this an outstanding investment opportunity.”
Founded in 2007, 99 Bikes has grown from a single store in Brisbane to more than 75 locations globally. The retailer is part of Pedal Group, a wholly owned subsidiary of ASX-listed Flight Centre Travel Group. Its continued expansion reflects Australians’ increasing focus on health, lifestyle and sustainable transport.
The campaign comes as confidence in the retail sector builds following several years of subdued sentiment. According to KPMG’s Commercial Property Market Update (June 2025), “well-located, resilient retail centres that cater to the daily needs of the community”, with the neighbourhood sector showing particular strength compared with larger assets. Improved financial conditions and the prospect of interest-rate cuts are also expected to sustain transaction volumes into next year.
The 99 Bikes Portfolio will go to auction at 11am on October 31 (AEDT), with each property to be sold individually.
