Horror as Aussie reveals \u2018disgusting\u2019 backyard find<\/a><\/p>\n![\"\"](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/11\/capi_a1bb6b823339aff17d8a4ca6aa558aef_f3b5c11b643ed752b48fad6f2c07df23.jpeg\")
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The 99 Bikes stores attract cyclists and commuters \u2013 young and old.<\/p>\n
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The 99 Bikes store at 254 Waterworks Rd, Ashgrove in Brisbane sold for $1.11m more than its reserve price at a Stonebridge Property Group auction.<\/p>\n
Eight 99 Bikes stores were put up for sale, with agents Stonebridge drawing 336 total enquiries and 40 registered bidders at auction. They landed a total of $17,246,000 under the hammer \u2013 a blended yield of 5.26 per cent, a Stonebridge statement said.<\/p>\n
The result was a solid $1.6 million more than the reserve price of the stores, though around two-thirds of that came off the standout sale of 99 Bikes Ashgrove in Brisbane. It secured a price $1.11 million over reserve after a whopping 68 bids.<\/p>\n
Each of the 99 Bikes stores were offered up for sale individually with new lease terms between 3 to 10 years \u2013 with prices going as high as $5.61 million, with yields from 4.46 per cent.<\/p>\n
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Graham \u201cSkroo\u201d Turner, wife Jude and their children.<\/p>\n
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99 Bikes Gold Coast was among the locations sold.<\/p>\n
\u201cThe sale of all eight assets and 100 per cent clearance rate at auction highlights the depth of demand for quality retail investments,\u201d Stonebridge executive Rory Alexander said..<\/p>\n
\u201cInvestors are clearly prioritising strong tenant covenants and strategically located retail positions \u2013 particularly given most assets held shorter lease terms.\u201d<\/p>\n
Stonebridge executive Ian Lam said \u201cthe campaign drew strong interest from local, interstate, and offshore investors\u201d with just over half of sales coming via Asian buyers.<\/p>\n
\u201cNotably, over 55 per cent of the total portfolio transaction value was sold to Asian investors, reflecting the continued reach and influence of the Stonebridge Asia Practice team.\u201d <\/p>\n
The firm said the result showed there was strong depth of demand for essential retail investments with quality tenant covenants.<\/p>\n
MORE REAL ESTATE NEWS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Matt Turner founded 99 Bikes with the backing of his wildly successful entrepreneur dad Graham Skroo Turner of…\n","protected":false},"author":2,"featured_media":285379,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[569],"tags":[64,63,784,85],"class_list":{"0":"post-285378","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cycling","8":"tag-au","9":"tag-australia","10":"tag-cycling","11":"tag-sports"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/285378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=285378"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/285378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/285379"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=285378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=285378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=285378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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