Expressions of Interest

Carpark, 1 Queens Road
MELBOURNE, VIC 3004

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Property Description

3 Super Prime Car Park Investments – 1 Queens Rd, 452 St Kilda Rd and 480 Collins St, Melbourne

Fitzroys is delighted to offer a high-yielding car park investment portfolio for sale via Expressions of Interest closing November 12th at 2:30pm

The three car park opportunities are for sale ‘in one-line or separately’ (3 lots)

A summary of the combined investment follows:

  • Blue chip Melbourne CBD and St Kilda Road locations
  • Three fully leased car park investments, 5.4* year WALE
  • High-yielding investment with ultra-low maintenance
  • Combined Net Income $2,045,707 * pa
  • Secure cash flow from strong covenant
  • Land Tax and all levies payable by Tenant (SHB)
  • Combined 677 car parking bays plus numerous storage areas
  • Capacity for up to 840 car parking bays
  • Ideal Post COVID Investment
  • Portfolio diversification & exceptional growth prospects

A summary of the individual investments follows:

1 Queens Road, Melbourne

  • Situated in Queens Road Towers within the heart of the St Kilda Road Precinct
  • Featuring 523 car parking bays plus 61 storage units
  • Capacity for up to 650 car parking bays
  • Net income of $1,174,114 p.a.
  • Six (6) year lease

452 St Kilda Road, Melbourne

  • Situated in the Blackman Hotel
  • Featuring 80 car parking bays plus storage units
  • Net income of $356,138 p.a.
  • Six (6) year lease

480 Collins Street, Melbourne

  • Situated in the ‘New Centre of Collins Street’ amongst Collins Arch, Olderfleet and Rialto Towers
  • The only Carpark with direct entry from Collins Street
  • Featuring 74 car parking bays
  • Capacity for 110 car parking bays
  • Net income of $515,455 p.a.
  • Six (6) year lease

FOR SALE VIA EXPRESSION OF INTEREST CLOSING NOVEMBER 12TH AT 2:30PM

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Consultant

Paul Burns

M: 0412 244 274
E: burnsp@fitzroys.com.au

Chris James

M: 0421 779 714
E: jamesc@fitzroys.com.au

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Property Information

Property ID
127133

Price
Contact Agent

Building
3000.00m2