On behalf of the vendors, Cushman & Wakefield are pleased to present 475-497 Lutwyche Road, Lutwyche to the market for sale by negotiation.
475-497 Lutwyche Road, Lutwyche is an exceedingly rare opportunity by virtue of its large-scale development potential, exceptional exposure to passing vehicles, and highly desirable position in a strong performing, large format retail precinct generating substantial foot traffic.
Land area of 3,424sqm* with 164m* of combined street frontage
Affluent inner-north location with median family income 47% higher than QLD (QGSO), approximately 5km from the Brisbane CBD
Six freestanding commercial office building providing a total NLA of 2,190sqm* and 40*+ carparks
Producing net passing income of $424,854* p.a, and fully-leased income expected to be $591,259* p.a
Zoned DC2 District Centre with a code assessable building height of 9 storeys (STCA), providing for a wide range of development outcomes to be achieved
Strong market conditions promoting the feasibility of potential projects include record low residential vacancy rates, significant population growth and growing retail spend state-wide.
Highly accessible with proximity to major arterial roads, in addition to bus and train public transport services
For further information, please contact the exclusive agents from Cushman & Wakefield.
*Approximate
The size of Lutwyche is approximately 0.9 square kilometres. There are 9 parks, covering nearly 11.8% of the total area. The population of Lutwyche in 2016 was 3454 people. By 2021 the population was 4610 showing a population growth of 33.5% in the area during that time. The predominant age group in Lutwyche is 20-29 years. Households in Lutwyche are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lutwyche work in a professional occupation.In 2021, 31.30% of the homes in Lutwyche were owner-occupied compared with 34.20% in 2016.
Lutwyche has 3,054 properties. Over the last 5 years, Houses in Lutwyche have seen a 56.22% increase in median value, while Units have seen a 117.87% increase. As at 30 June 2026:
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