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

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 * per annum
• 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 per annum
• 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 per annum
• 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 per annum
• Six (6) year lease