Lutwyche City Shopping Centre

Cnr Lutwyche Road and Chalk Street, Lutwyche, QLD

Lutwyche City Shopping Centre has now been rebranded to Lutwyche Market Central following a major redevelopment of the property. Lutwyche Market Central is a large format four level enclosed neighbourhood shopping centre, located 5km north of the Brisbane CBD in the heart of Lutwyche, an established inner city residential suburb. The centre is the dominant convenience centre servicing local residents and is well located with exposure to major transport corridors and the local public transport hub.

Upon completion of redevelopment works, the centre will have a new Aldi and Woolworths as well as a fully refurbished Coles supermarket. The centre will be positioned as a super convenience retail centre with a focus on fresh food, dining and services. The centre has also become an office hub dominated by government or government funded tenants that require flexibility and convenience outside of the CBD.

Ownership interest 100%
Cap rate 5.75%
Valuation date June 2019
Acquisition date October 2015
Site area 21,946m2
Net lettable area 18,648m2
Occupancy 59%
WALE by income 4.41
Rent review stucture CPI and Fixed
Major tenants by income Coles and ALDI
Parking spaces 823
Valuation range $60-80 million