CBRE are pleased to exclusively offer to the market, Herston Road Car Park. An 800 bay freestanding car park on leasehold title, connected to the Royal Brisbane and Women's Hospital.
Investment highlights:
+ Standalone parking facility with direct airbridge access to Royal Brisbane and Women's Hospital
+ Leasehold ownership interest with remaining term of 37 years*
+ Positioned to grow alongside the hospital and health care precinct, servicing the rapid growth trajectory of Brisbane and Greater South East Queensland
+ Favourable income configuration operated under a 3 year management agreement to Cornerstone Parking, reflecting an average 83%** net profit margin over the last four year (FY2020 to FY2024)
+ Projected net income of $2,646,188** for the FY2024 period (EBITDA)
The leasehold interest in Herston Road Car Park is available for purchase via expressions of interest. Offers are to be submitted on or before 12.00pm (AEST) Thursday, 9th of May 2024.
* Approximately
** Approximately, reflecting indicative figures of Syndicate Ownership Structure
