 Asset Class: | Office |
 Price: | $ 385000 |
 Net Yield: | 6.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<p>Positioned within the thriving Windsor Portal residential development, this exceptional mixed-use investment opportunity at 1 & 101/217 Lutwyche Road presents an attractive package for astute investors. Comprising a well-established ground floor café and a premium first-floor office space, this property offers a diversified income stream in a rapidly growing Brisbane location.</p> <p>The ground floor café (Lot 1) spans 39sqm and is currently leased to Royal Café, generating $25,750 per annum (plus outgoings and GST) on a secure 5-year lease until November 2028, with additional 2 x 3 year options extending to 2034. The café enjoys strong patronage from the building's 49 residential units as well as passing traffic on busy Lutwyche Road, which sees more than 65,000 vehicles daily.</p> <p>The first-floor office (Lot 101) offers 173sqm of premium commercial space and is currently tenanted to King Financial, providing $65,000 per annum (plus GST) with the lease expiring on 31 March 2025. This presents a potential opportunity for an owner-occupier seeking quality office accommodation with excellent exposure in the heart of Windsor.</p> <p>Located just 3km from Brisbane CBD, the property benefits from exceptional connectivity with the Airport Link Tunnel 400m away, Royal Brisbane Women's Hospital within 1.5km, and Brisbane Airport just 10km from the site. The property is also just metres from the Lutwyche City shopping precinct and the Northern Busway corridor, ensuring strong exposure and accessibility.</p> <p>This dual-tenancy investment package presents an outstanding opportunity to secure a well-positioned commercial property with stable income and future potential, ideal for investors or owner-occupiers looking to establish a presence in this rapidly developing inner-city location.</p>
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<p>Located in <strong>Windsor</strong>, just 3km from Brisbane CBD, this property enjoys a prime position in one of Brisbane's most sought-after inner-north suburbs. The location offers exceptional connectivity, with direct access to major arterial roads connecting north and south Brisbane.</p> <p>The property sits within the established Windsor Portal residential development on bustling Lutwyche Road, which sees more than <strong>65,000 vehicles pass daily</strong>, providing excellent exposure and visibility.</p> <p>Key infrastructure in close proximity includes:</p> <ul><li>Airport Link Tunnel - 400m</li><li>Royal Brisbane Women's Hospital - 1.5km</li><li>Brisbane CBD - 3km</li><li>Brisbane Airport - 10km</li><li>Lutwyche City shopping precinct - metres away</li><li>Northern Busway corridor - 400m</li></ul> <p>This strategic location benefits from continuing urban renewal in Brisbane's inner north, making it an attractive destination for both businesses and residents seeking convenience and connectivity.</p>
Additional Location Information File<p>The property features two established tenants providing diversified income streams:</p> <p><strong>Royal Café (Lot 1):</strong></p> <ul> <li>Trading as "B&M29 Pty Ltd"</li> <li>Occupies 39sqm ground floor café</li> <li>Secure 5-year lease until November 2028</li> <li>Two 3-year options extending potentially to 2034</li> <li>Rental: $25,750 p.a. + GST with 100% recoverable outgoings</li> <li>3% annual rent reviews</li> <li>Thriving local operation with busy coffee/meal service 7 days a week</li> <li>Well supported by building residents</li> <li>Offers meal delivery through multiple platforms</li> </ul> <p><strong>King Financial (Lot 101):</strong></p> <ul> <li>Trading as "Toby Partners Pty Ltd"</li> <li>Occupies 173sqm premium first-floor office</li> <li>Current lease expires 31 March 2025</li> <li>Original lease term was 5 years + 6 months with 5-year option</li> <li>Tenant has elected not to exercise option</li> <li>Rental: $65,000 p.a. + GST with landlord paying outgoings</li> </ul>
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<p>The property delivers a <strong>robust income stream</strong> with a combined rental return of <strong>$90,750 per annum</strong> from two established tenancies:</p> <ul><li>Lot 1 (39sqm): Royal Cafe - $25,750 p.a. + 100% outgoings + GST</li><li>Lot 101 (173sqm): King Financial - $65,000 p.a. + GST</li></ul> <p>Lease terms provide <strong>strong income security</strong> with:</p> <ul><li>Royal Cafe: 5-year lease until November 2028 with 2×3 year options to 2034</li><li>King Financial: Lease expiring 31 March 2025 (tenant has elected not to exercise further options)</li></ul> <p>The property generates a <strong>net income of $81,364</strong> until 31/03/2025, after which the net income will be $16,576 if Lot 101 becomes vacant as scheduled.</p> <p>Outgoings are clearly structured with:</p> <ul><li>Lot 1: $6,011 p.a. (Council rates $2,834, Water & sewerage $987, Body corporate $2,190)</li><li>Lot 101: $9,386 p.a. (Council rates $3,183, Water & sewerage $1,029, Body corporate $5,174)</li></ul>
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<p class="mb-4">Disclaimer: No special conditions at the time of this write up</p>
<p class="mb-4">Rental Comparison are to be done during DD </p>
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<ul><li>Strategic inner-north location just 3km from Brisbane CBD</li><li>Dual income streams with established café and professional office</li><li>Impressive total rental return of $90,750 per annum</li><li>Long-term café lease with security until 2028 plus options to 2034</li><li>Premium exposure to 65,000+ passing vehicles daily</li><li>Part of the Windsor Portal development with 49 residential apartments above</li><li>Dedicated secure undercover car parking with each tenancy</li><li>Modern, well-designed complex with automated security features</li><li>Walk to Lutwyche City shopping precinct and Northern Busway</li><li>Perfect balance of current income and future potential</li><li>Zoned DC2 (District Centre Corridor) under Brisbane City Council planning</li><li>Automatic access to building amenities including elevator and visitor parking</li></ul>
