Lutwyche City Shopping Centre

Cnr Lutwyche Road and Chalk Street, Lutwyche, QLD

Lutwyche City Shopping Centre is a large format four-level enclosed neighbourhood shopping centre in Lutwyche, 5km north of the Brisbane CBD. The shopping centre is in the heart of Lutwyche, an established inner city residential suburb of Brisbane, QLD. 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. 

The 18,883m2 centre has 12,103m2 of gross lettable area (GLA) anchored by Coles and ALDI supermarkets, two mini majors and approx. 5,659m2 of specialty GLA. Lutwyche City also has 6,441m2 of office space and an adjacent freestanding 384m2 childcare facility.  

The centre has strong repositioning opportunities and is currently undergoing refurbishment and redevelopment projects in line with strategic plans for dominating its primary trade area for the convenience shopper.

Ownership interest 75%
Cap rate 7.25%
Valuation date July 2015
Acquisition date October 2015
Site area 21,946m2
Gross lettable area 18,891m2
Occupancy 81%
WALE by income 4.8 years
Rent review stucture CPI and Fixed
Major tenants by income Coles and ALDI
Parking spaces 823
Valuation range $60-70 million