Market Central Lutwyche_Property for Sale
Market Central Lutwyche_Property for Sale
543 Lutwyche Road, Lutwyche, 4030, AU

Market Central Lutwyche

Asset Description

A land rich 22,106 sqm neighbourhood shopping centre, only 5km* from Brisbane CBD, anchored by Australia’s most dominant supermarket chains - Coles, Woolworths and ALDI - further supported by a strong non-discretionary and government tenant profile.

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Attributes

Building area net
22,106 m²
Occupancy
93%
Year built
1974
Land area gross
21,540 m²
NOI
CHF 5,007,000
Sales process
For sale by formal tender
Call for offers
18/06/2024

Media

Investment Highlights

- Neighbourhood shopping centre (22,106 sqm*) anchored by dominant grocery chains, Coles, Woolworths and ALDI plus two mini-majors

- One of only three triple-supermarket anchored Neighbourhood shopping centres in Queensland1

- Over 2.15 ha* of prime income-producing mixed-use land, 5 km* north of Brisbane CBD and a height limit of up to 12 storeys2

- Significant 149m* exposure to major arterial road, Lutwyche Road, with 50,900+ daily passing vehicles3

- Highly affluent main trade area of over 74,000 people with median incomes 35.8% above the Greater Brisbane benchmark3

- Specialty stores trading on a sustainable basis with gross occupancy costs of 13.6% and tenant productivity, 12% above benchmark4

- Redevelopment completed in 2019 with a $77 million* (net of GST) capital investment and significant depreciation benefits available

- Estimated fully leased net income of $9.63 million p.a. as at 1-Jul-24


For Sale via Expressions of Interest, closing Wednesday 19th June 2024 at 4:00pm (AEST).

For further information or to arrange an inspection, please contact the exclusive selling agents.


*Approximately

1 PCA Data

2 Archistar, Brisbane City Plan 2014

3 LocationIQ, May 2024

4 Urbis ‘double supermarket based shopping centre’ benchmark; specialty stores includes kiosks & excludes non-retail

Market Central Lutwyche 4_Property for Sale
Market Central Lutwyche 4_Property for Sale

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Market Central Lutwyche (0 Properties)

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Last updated
30 May 2024