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

Key Facts

Building Area
Last Updated Date	24 Jul 2020

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

Sam Byrne

Senior Executive

+34910602617

Tim Jones

Manager

+34910602617

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