3 SUPER PRIME CAR PARK INVESTMENTS – 452 ST KILDA RD, 1 QUEENS 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 cars
- Ideal Post COVID Investment
- Portfolio diversification & exceptional growth prospects

A summary of the individual investments follows:

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

1 Queens Road, Melbourne

•  Situated in Queens Road Towers within the heart of the St Kilda Road Precinct
•  Featuring 523 car park bays plus 61 storage units
•  Capacity for up to 650 car parks
•  Net income of $1,174,114 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 parks
•  Net income of $515,455 per annum
•  Six (6) year lease