Market Central Lutwyche 543 Lutwyche Road,
Lutwyche, QLD 4030
Shops & Retail • Hotel, Motel & Leisure • Showrooms & Large Format Retail
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JLL - Sydney
Level 27, 180 George StreetSYDNEY, NSW 2000
Market Central Lutwyche 543 Lutwyche Road
Lutwyche, QLD 4030
Map of Market Central Lutwyche 543 Lutwyche Road
Rare Triple-Supermarket Anchored Centre in Inner Metropolitan Brisbane
- Triple Supermarket-Anchored Centre
- 5 km North of Brisbane CBD
- 2.15 ha* Mixed-use Land Bank
Stonebridge and JLL are pleased to present for sale Market Central Lutwyche, a rare triple-supermarket anchored neighbourhood shopping centre in Brisbane’s affluent north, only 5 kilometres* from Brisbane CBD, on an expansive 21,540 sqm* mixed-use land parcel.
The key highlights of this opportunity include:
- Neighbourhood shopping centre anchored by dominant grocery chains, Coles, Woolworths and ALDI plus two mini-majors, 29* specialties, 10* kiosks and 14* office tenants across 22,106 sqm* of lettable area
- Rare offering being one of only three triple-supermarket anchored neighbourhood shopping centres in Queensland^
- Over 2.15 hectares* of prime income-producing mixed-use land, 5 km* north of Brisbane CBD and a height limit of up to 12 storeys^^
- Significant 149 metre* exposure to major arterial road, Lutwyche Road, with 50,900+ daily passing vehicles
- Convenient undercover parking for 760* vehicles providing significant permanent and temporary car parking income
- Highly affluent main trade area of over 74,000 people with median income 35.8% above the Greater Brisbane benchmark^^^
- Defensive non-discretionary income profile with 76%*the of gross rent underpinned by grocery/liquor, food retail, government and medical/allied health driving an attractive WALE of 4.5 years* (by income)
- Specialty stores trading on a sustainable basis with gross occupancy costs of 9.60%* and tenant productivity of $11,695/sqm*
- 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.
* Approx.
^ PCA Data
^^ Archistar, Brisbane City Plan 2014
^^^ Location IQ
Property Code: 967
The key highlights of this opportunity include:
- Neighbourhood shopping centre anchored by dominant grocery chains, Coles, Woolworths and ALDI plus two mini-majors, 29* specialties, 10* kiosks and 14* office tenants across 22,106 sqm* of lettable area
- Rare offering being one of only three triple-supermarket anchored neighbourhood shopping centres in Queensland^
- Over 2.15 hectares* of prime income-producing mixed-use land, 5 km* north of Brisbane CBD and a height limit of up to 12 storeys^^
- Significant 149 metre* exposure to major arterial road, Lutwyche Road, with 50,900+ daily passing vehicles
- Convenient undercover parking for 760* vehicles providing significant permanent and temporary car parking income
- Highly affluent main trade area of over 74,000 people with median income 35.8% above the Greater Brisbane benchmark^^^
- Defensive non-discretionary income profile with 76%*the of gross rent underpinned by grocery/liquor, food retail, government and medical/allied health driving an attractive WALE of 4.5 years* (by income)
- Specialty stores trading on a sustainable basis with gross occupancy costs of 9.60%* and tenant productivity of $11,695/sqm*
- 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.
* Approx.
^ PCA Data
^^ Archistar, Brisbane City Plan 2014
^^^ Location IQ
Property Code: 967
Lutwyche, 4030 demographic data
The median household income for Lutwyche is $1,872, 1% higher than Greater Brisbane's household income of $1,849. Lutwyche has a younger age profile compared to the rest of Greater Brisbane (median age 32 vs 36). Property ownership data shows 58% of property owners in Lutwyche have a mortgage.
4,610
Population
$1,872 per week
Median household income
32 years
Median age
Renters
Most residents
Families
Most households
JLL - SydneyLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Stonebridge Property Group - BrisbaneLevel 7, 10 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000