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Care Park/360 St Kilda Road
Melbourne VIC 3004
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Sold on 3 Mar 2022

Care Park/360 St Kilda Road Melbourne VIC 3004

  • Other
  • 1,000 m²
  • Sold

CAR PARK INVESTMENT WITH BRAND NEW 7-YEAR LEASE TO INTERNATIONAL OPERATOR

  • Occupied by Highly Established Operator
  • Brand New 7 Year Term
  • Triple Net Lease Structure

+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

Property Highlights

Date Sold3 Mar 2022
Floor Area1,000 m²
Land AreaAsk Agent
Parking84 x Onsite parkings
Building TypeWhole building
Property ID2017232174
Category
Last updated  8 Mar 2022
Map for Care Park/360 St Kilda Road Melbourne VIC 3004

Property Highlights

Date Sold3 Mar 2022
Floor Area1,000 m²
Land AreaAsk Agent
Parking84 x Onsite parkings
Building TypeWhole building
Property ID2017232174
Category
Last updated  8 Mar 2022
Level 34, 8 Exhibition Street Melbourne VIC 3000

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