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FRINGE FREEHOLD INVESTMENT WITH DEVELOPMENT POTENTIAL

504 Lutwyche Road, LUTWYCHE QLD, 4030

Sold

Property Sold in 504 Lutwyche Road, LUTWYCHE QLD, 4030

Listing ID:
11360067
Status:
Sold
Price:
Auction In-Rooms 23rd October 2019
Last Updated:
10/12/2019
Icon building

Property Type

Retail/Offices
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Land Area

1440 SQM
Icon size

Floor Area

630 SQM
Icon parking

Parking

24

FRINGE FREEHOLD INVESTMENT WITH DEVELOPMENT POTENTIAL

Rare City Fringe Investment with Upside
Value add potential
Future Development Upside

* Multi-tenanted freestanding 630sqm* two storey building
* Diverse cash flow from 5 tenants returning $193,479*pa net + outgoings + GST
* 1,440sqm* Land holding over 3 lots with dual street access
* Flexible District Centre & High Density Residential zoning
* Directly opposite recently revamped Lutwyche City Shopping Centre
* Majority of income from medical related businesses
* Possible amalgamation of neighbouring properties
* Future reposition / redevelopment potential

Auction In-Rooms (if not sold prior) Wednesday 23rd October 2019 at 11am at Brisbane Riverview Hotel, Kingsford Smith Drive, Hamilton.

For further information or to arrange an inspection please contact Exclusive Agent Raine & Horne Commercial.

Listing ID 3860644

For more details, please email agent

Raine & Horne Commercial Brisbane North

6/87 Webster Road, Stafford, QLD 4053


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