3 Super Prime Car Park Investments 480 Collins St, 1 Queens Rd and 452 St Kilda Rd, Melbourne
Securely Leased Cash Flow
Fully Leased Investments, WALE 5.4 yrs
Prime CBD and St Kilda Rd Locations
***EOI HAS NOW CLOSED***
Fitzroys is delighted to offer a high-yielding car park investment portfolio for sale via Expressions of Interest closing November 12th at 2:30pm
The three car park opportunities are for sale in one-line or separately (3 lots)
A summary of the combined investment follows:
- Blue chip Melbourne CBD and St Kilda Road locations - Three fully leased car park investments, 5.4* year WALE - High-yielding investment with ultra-low maintenance - Combined Net Income $2,045,707 * pa - Secure cash flow from strong covenant - Land Tax and all levies payable by Tenant (SHB) - Combined 677 car parking bays plus numerous storage areas - Capacity for up to 840 car parking bays - Ideal Post COVID Investment - Portfolio diversification & exceptional growth prospects
A summary of the individual investments follows:
480 Collins Street, Melbourne
- Situated in the New Centre of Collins Street amongst Collins Arch, Olderfleet and Rialto Towers - The only Carpark with direct entry from Collins Street - Featuring 74 car parking bays - Capacity for 110 car parking bays - Net income of $515,455 p.a. - Six (6) year lease
1 Queens Road, Melbourne
- Situated in Queens Road Towers within the heart of the St Kilda Road Precinct - Featuring 523 car parking bays plus 61 storage units - Capacity for up to 650 car parking bays - Net income of $1,174,114 p.a. - Six (6) year lease
452 St Kilda Road, Melbourne
- Situated in the Blackman Hotel - Featuring 80 car parking bays plus storage units - Net income of $356,138 p.a. - Six (6) year lease
Map for Carpark/480 Collins Street Melbourne VIC 3000
Map for Carpark/480 Collins Street Melbourne VIC 3000
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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