Expressions of Interest

Carpark, 480 Collins St, 1 Queens Rd and 452 St Kilda Rd

Property Description

3 Super Prime Car Park Investments

Fitzroys is delighted to offer a high-yielding car park investment portfolio for sale via Expressions of Interest

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:

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

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
Car Spaces677
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Paul Burns

M: 0412 244 274

Chris James

M: 0421 779 714

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Property Information

Property ID

Contact Agent

1000m2 – 3000m2

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