Attributes
Year Built | 2000 |
Building Area Gross |
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Land Area Gross |
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Asset 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