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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
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