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Key facts

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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: 16 Dec 2021

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Last Updated Date: 16 Dec 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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