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
Land Area ()

Property Description

JLL, along with joint exclusive agents Savills, have the pleasure to offer for sale 461 – 463 Lutwyche Road, Lutwyche – a marketing leading health and wellness facility.


For Sale via Expressions of Interest closing 4pm Thursday 2 September 2021

Investment Highlights

- 3,217sqm* commercial office building converted for use as a landmark health and wellness facility

- Highly secure income with 7 year* WALE to long term occupier, Fitness First Australia

- $1,029,411* annual net income

- Unique net lease** and 3% fixed annual reviews protecting rental growth and cash flow

- Below market rent profile with significant reversion potential

- Generous secure basement car parking for 82 vehicles (1:39) unmatched by competing facilities in the area

- Elevated 2,602sqm DC1 zoned corner land holding with substantial development potential (STCA)

- Located 4.5km* north of Brisbane’s CBD in one of the city’s most affluent and fastest growing catchments

 

* approximately

** excluding land tax

Last Updated Date: 11 Aug 2021
Sam Byrne
Associate, Capital Markets
Tim Jones
Tim Jones
Director, Metropolitan Sales & Investments - QLD

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Last Updated Date: 11 Aug 2021

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