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Carpark/480 Collins Street Melbourne VIC 3000

  • Offices
  • 1,670 m²
  • Expressions of Interest

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

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

**FOR SALE VIA EXPRESSION OF INTEREST CLOSING NOVEMBER 12TH AT 2:30PM**

EXPRESSION OF INTEREST

Closing date and time12/11/2020 14:30
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Property ID2016542064
Floor Area1,670 m²
Land AreaAsk Agent
EnergyAsk Agent
Parking74 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  13 Oct 2020
Map for Carpark/480 Collins Street Melbourne VIC 3000
Map for Carpark/480 Collins Street Melbourne VIC 3000Carpark/480 Collins Street Melbourne VIC 3000
Fitzroys Pty Ltd
Level 27, 360 Collins Street Melbourne VIC 3000

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