+Landlord favoured triple net lease to Care Park, an end-to-end parking service provider, with over 25 years in operation and more than 450 owned and managed car parks across five countries.
+Providing net annual income of $95,000* through a 7 year lease with fixed 2%* annual rental increases.
+Featuring 84 car parking bays within the 'Royal Domain Plaza' apartment building at 360 St Kilda Road, Melbourne.
+Surrounded by a combination of office, residential, retail and hotel accommodation, in addition to the Royal Botanical Gardens located directly opposite.
+Defensive investment asset class, with low operating expenses, increasing demand from commuters and diminishing competition in the car park sector.
For further information please contact the exclusive sales and marketing agents at CBRE:
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Jing Jun Heng
+61 411 059 116
jj.heng@cbre.com.au
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au