A substantially rare, suburb shaping development opportunity with significant holding income
On behalf of the vendors, Cushman & Wakefield are pleased to present 475-497 Lutwyche Road, Lutwyche to the market for sale by negotiation.
475-497 Lutwyche Road, Lutwyche is an exceedingly rare opportunity by virtue of its large-scale development potential, exceptional exposure to passing vehicles, and highly desirable position in a strong performing, large format retail precinct generating substantial foot traffic.
A snapshot of this opportunity is summarised below:
• Land area of 3,424sqm* with 164m* of combined street frontage
• Affluent inner-north location with median family income 47% higher than QLD (QGSO), approximately 5km from the Brisbane CBD
• Six freestanding commercial office building providing a total NLA of 2,190sqm* and 40*+ carparks
• Producing net passing income of $424,854* p.a, and fully-leased income expected to be $591,259* p.a
• Zoned DC2 District Centre with a code assessable building height of 9 storeys (STCA), providing for a wide range of development outcomes to be achieved
• Strong market conditions promoting the feasibility of potential projects include record low residential vacancy rates, significant population growth and growing retail spend state-wide.
• Highly accessible with proximity to major arterial roads, in addition to bus and train public transport services
For further information, please contact the exclusive agents from Cushman & Wakefield.
*Approximate
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