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

CBRE

Level 34,

Melbourne, VIC 3000

Property Highlights

Date Sold	3 Mar 2022
Floor Area	1,000 m²
Land Area	Ask Agent
Parking	84 x Onsite parkings
Property ID	2017232174
Category	Other Shop & Retail
Last updated	9 Mar 2022

Map for Care Park/360 St Kilda Road Melbourne VIC 3004

Nearest transport* to Care Park/360 St Kilda Road Melbourne VIC 3004

Bus

Train

Tram

ANZAC Station/St Kilda Rd (Melbourne City)	256 m
ANZAC Station/St Kilda Rd (Melbourne City)	269 m
ANZAC Station/Domain Rd (Melbourne City)	285 m
ANZAC Station/Domain Rd (Melbourne City)	331 m

*Within a 4km radius

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CBRE

Level 34,

Melbourne, VIC 3000

Property Highlights

Date Sold	3 Mar 2022
Floor Area	1,000 m²
Land Area	Ask Agent
Parking	84 x Onsite parkings
Property ID	2017232174
Category	Other Shop & Retail
Last updated	9 Mar 2022

Listed by

Scott Hawthorne

CBRE

Call

0400861048

More about Care Park/360 St Kilda Road Melbourne VIC 3004

Care Park/360 St Kilda Road Melbourne VIC 3004 is categorized as Other Property. It has a floor area of 1,000 m². There are 84 x onsite parkings.The listing ID for this property is 2017232174.