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 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 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 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 park bays plus 61 storage units
- Capacity for up to 650 car parks
- Net income of $1,174,114 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 parks
- Net income of $515,455 p.a.
- Six (6) year lease
**FOR SALE VIA EXPRESSION OF INTEREST CLOSING NOVEMBER 12TH AT 2:30PM**
Remember to mention you found this property on CommercialReady.com.au
