 Asset Class: | Retail |
 Price: | $ 384000 |
 Net Yield: | 6.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
Offer is 1 & 101/217 Lutwyche Road, Windsor. The subject properties include a modern 173sqm* first office ideal for an owner occupier coupled with a 39sqm* groundfloor cafe<br>The cafe is currently returning $25,750 pa Net + Outgoings + GST on a 5year lease until November 2028 with 2 x 3year options until 2034.<br> Lot 101 is currently tenanted to King Financial providing a gross rental of 65,000pa + GST with their lease expiring 31 March 2025. The offerings are situated over two floors. <br>The ground floor is leased to the Royle Cafe, a coffee shop with a compact commercial kitchen with one (1) dedicated car park. The first-floor is a premium office space that is being offered with vacant possession.<br> Included with the office are 2 dedicated secure undercover car parks which connect to the tenancy, permitting PWD & elevator access. The office is ideal for owner occupiers looking to secure a high-quality office with exposure in the heart of Lutwyche.<br><br>The tenancies are located in the established Windsor Portal Residential tower supporting 49 residential units. This well-designed complex includes automatic security gating as well as dedicated & visitor car parks.<br>The subject property is classified as DC2 District Centre (Corridor) by the Brisbane City Council Planning Scheme. These two properties form a unique package at an affordable price point and offer an excellent opportunity for an Owner<br>Occupier looking to secure a quality office asset while enjoying regular income from a cafe tenant.
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<br><span style="color:rgb(32, 33, 34);">Windsor is located about 3.5 kilometres (2.2 mi) from the </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Brisbane_central_business_district"><u>Brisbane central business district</u></a><span style="color:rgb(32, 33, 34);">. It is largely residential, featuring many old </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Queenslander_(architecture)"><u>Queenslanders</u></a><span style="color:rgb(32, 33, 34);">, although there is also considerable retail commercial activity, primarily concentrated along Lutwyche and Newmarket Roads.</span><br><p style=""><span style="font-weight:normal;padding-left:0px;font-style:inherit;">History</span></p><br><span style="color:rgb(32, 33, 34);">Prior to December 1968 the suburb was served by frequent </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Brisbane_City_Council"><u>Brisbane City Council</u></a><span style="color:rgb(32, 33, 34);"> </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Tram"><u>tram</u></a><span style="color:rgb(32, 33, 34);"> services along Lutwyche Road, with routes converging from </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Chermside,_Queensland"><u>Chermside</u></a><span style="color:rgb(32, 33, 34);">, </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Kalinga,_Queensland"><u>Kalinga</u></a><span style="color:rgb(32, 33, 34);"> (until 1962), </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Stafford,_Queensland"><u>Stafford</u></a><span style="color:rgb(32, 33, 34);">, and </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Grange,_Queensland"><u>Grange</u></a><span style="color:rgb(32, 33, 34);"> the latter tram line branching off Lutwyche Road at Maygar street, on the border of </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Lutwyche,_Queensland"><u>Lutwyche</u></a><span style="color:rgb(32, 33, 34);"> and Windsor. These services combined to provide the suburb with an off-peak service of a tram every 2½ minutes along Lutwyche Road in the late 1950s.</span><br><span style="color:rgb(32, 33, 34);">Two former tramway </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Electrical_substation"><u>electrical substations</u></a><span style="color:rgb(32, 33, 34);"> remain features of Lutwyche Road, near Albion Road. One of these now houses the heritage collection of the Queensland Electrical Engineers Association.</span><sup style="color:rgb(32, 33, 34);display:inline;">[</sup><sup><a style="color:rgb(44, 123, 208);display:inline;background-color:initial;" target="_blank" href="https://en.wikipedia.org/wiki/Wikipedia:Citation_needed"><i><u>citation needed</u></i></a></sup><sup style="color:rgb(32, 33, 34);display:inline;">]</sup><br><span style="color:rgb(32, 33, 34);">Windsor contains a corridor gazetted by the Queensland government since 1972 for the construction of the Northern Freeway between </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Bowen_Hills,_Queensland"><u>Bowen Hills</u></a><span style="color:rgb(32, 33, 34);"> and </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Carseldine,_Queensland"><u>Carseldine</u></a><span style="color:rgb(32, 33, 34);">. Although the freeway was not built, the official plan still exists and a freeway through Windsor may be constructed in the future.</span><sup><a style="color:rgb(44, 123, 208);display:inline;background-color:initial;" target="_blank" href="https://en.wikipedia.org/wiki/Windsor,_Queensland#cite_note-49"><u>[49]</u></a></sup><span style="color:rgb(32, 33, 34);"> Part of the original Northern Freeway is now the </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Clem_Jones_Tunnel"><u>Clem Jones Tunnel (Clem7)</u></a><span style="color:rgb(32, 33, 34);">. It emerges close to Campbell Street, </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Bowen_Hills,_Queensland"><u>Bowen Hills</u></a><span style="color:rgb(32, 33, 34);">. Several businesses along Lutwyche Road in Windsor were resumed as part of this process and as part of the </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Airport_Link,_Brisbane"><u>Airport Link Tunnel</u></a><span style="color:rgb(32, 33, 34);"> and </span><a style="color:rgb(44, 123, 208);background-color:initial;display:inline;" target="_blank" href="https://en.wikipedia.org/wiki/Northern_Busway,_Brisbane"><u>Northern Busway</u></a><span style="color:rgb(32, 33, 34);"> projects. Several of these businesses have protested the City Council's moves.</span><br><br><br>
Additional Location Information File<b>Royal Cafe</b><br><br>This established cafe is run by local operator. This thriving cafe operates a busy coffee/meal service 7 days a week and is well supported by residents of the building. <br>Operating as a shadow kitchen, this cafe also sells meals to delivery apps such as Menu Log, Uber Eats and Deliveroo.
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<span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);">• Lot 101 - 173sqm* fully air-conditioned first-floor office space</span><br><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);">• Lot 1 - 39sqm* ground floor café currently returning $25,750 +O/G + GST on a 5 year lease expiring Nov 2028</span><br><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);">• Excellent exposure and signage opportunities to Lutwyche Road ~ 65K Cars passing daily</span><br><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);">• Close proximity to public transport (bus) and access to ambulant toilets, elevator & visitor car parking</span><br><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);">• Lot 101 includes a quality open plan/partitioned office with board room, meetings & kitchenette excellent natural lighting</span><br><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);">• Lot 1 includes a compact commercial kitchen including stainless benches, sinks, internal extraction hood and a grease trap</span><br><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);">• Lot(s) include access to four (4) undercover secure car parks with PWD access to first floor office via elevator</span><br><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);">• Ideal for Owner Occupier looking to secure quality office and enjoy income from cafe</span><br><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);">• Surplus to Vendor needs</span>
