Unique opportunity to acquire a car park station in a prominent location within the heart of Chatswood’s Central Business District for investment or own & manage.
Key Features:
• A strata car park with a capacity of 250 parking bays;
• Total area 10,815m² over 5 levels situated within a mixed retail/residential complex;
• Prime location benefiting from a large number of residential, serviced apartments and the vibrant retail precinct of Chatswood;
• Managed by secure on a month-to-month basis, allowing the opportunity to own and manage the car park or;
• Current net passing income it $258,363 p.a. approx.
• Tightly held asset class with unprecedented demand for car parking and very restrictive future supply; and
• Car park investments are by nature, low cost investments with minimal maintenance and lease requirements.
Chatswood is a major commercial and retail hub located within Sydney’s Lower North Shore district made famous for its strong retail presence along Victoria Avenue mixed with its high rise residential and commercial buildings.
The Car park is within close walking distance to Chatswood Bus and Train Interchange which connects Chatswood to all parts of metropolitan Sydney via the Northern Train Line and multiple bus links.
This property is offer for sale via public auction on 15 June 2016 at 10.30am at Colliers International CBD Office,
Level 30, Grosvenor Place, 225 George Street, Sydney
