Office

461 Lutwcyhe Road, Lutwyche 2020

461 Lutwyche Road Lutwyche, QLD Australia 4030
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area

Property Description

JLL and Cushman & Wakefield are pleased to present to the market Fitness First Lutwyche – a prominent fully leased investment within Metropolitan Brisbane.


  • Leased to leading Australian health & fitness provider ‘Fitness First’ to June 2026
  • $1,000,045* annual net income with secure income growth via fixed 3% annual reviews
  • Two storey building with large floor plates and generous car parking for 82 vehicles (1:39) providing future rental reversion
  • Substantial refurbishment recently undertaken by tenant including upgrading the indoor ‘King Swim’ swim school
  • Elevated 2,602sqm* DC1 zoned corner site with significant development upside**
  • Located 4.5km* north of Brisbane’s CBD in one of Brisbane most affluent residential catchments

*approximately As at 1 July 2020

**Subject to Council Approval

Investment Highlights

Leased to leading Australian health & fitness provider ‘Fitness First’

$1,000,045* annual net income with fixed 3% increases

Large floor plates & generous parking for 82 vehicles (1:39)providing future rental reversion

Recently refurbished improvements and close proximity to retail amenity

Elevated 2,602sqm DC1 Zoned Site with significant development upside

Strategic near city location in affluent residential catchment

Last Updated Date: 09 Sep 2020
Sam Byrne
Associate, Capital Markets
+34910602617
Tim Jones
Director, Capital Markets
+34910602617
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Last Updated Date: 09 Sep 2020

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