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The Care Park Portfo Australia & New Zealand Melbourne VIC 3000

  • Other
  • 1,000 m²
  • For Sale, Contact Agent

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

  • Occupied by Highly Established Operator
  • Brand New 7 Year Terms
  • Triple Net Lease Structures

+Landlord favoured triple net leases 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 a total portfolio net annual income of $1,685,000* through 7-year leases with fixed 2%* annual rental increases.

+Featuring 1,153* car parking bays within the portfolio.

+Defensive investment asset class, with low operating expenses, increasing demand from commuters and diminishing competition in the car park sector.

'Northbank Place' 545 Flinders Street, Melbourne CBD
+200 bays*
+Net Annual Income of $450,000*

'Hub Arcade Dandenong' 15-23 Langhorne Street
+168 bays*
+Net Annual Income of $350,000*

9 Yarra Street, South Yarra
+109 bays*
+Net Annual Income of $225,000*

'Eden Car Park' 677 Victoria Street, Abbotsford
+121 bays*
+Net Annual Income of $220,000*

360 St Kilda Road, Melbourne
+84 bays*
+Net Annual Income of $100,000*

14-40 Stewart Street, Shepparton
+326 bays*
+Net Annual Income of $110,000*

2-6 Mundy Street, Bendigo
+44 bays*
+Net Annual Income of $60,000*

521 Toorak Road, Toorak
+48 bays*
+Net Annual Income of $50,000*

16 Mowbray Street, Wellington, New Zealand
+53 bays*
+Net Annual Income of $120,000*

CBRE is offering for sale The Care Park Portfolio via expressions of interest - a collection of nine (9) car park investments, available on an individual, in any combination or in-one-line basis closing 14th July 2021 at 2:00pm (AEST)

Contact one of the sale and marketing agents below for more information:

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au

Jing Jun Heng
+61 411 059 116
jj.heng@cbre.com.au

Scott Orchard
+61 425 760 712
Scott.Orchard@cbre.com.au

Nathan Mufale
CBRE Melbourne
Nathan Mufale
CBRE Melbourne
Scott Hawthorne
CBRE Melbourne
Scott Hawthorne
CBRE Melbourne
Jing Jun Heng
CBRE Melbourne
Jing Jun Heng
CBRE Melbourne
Scott Orchard
CBRE Melbourne
Scott Orchard
CBRE Melbourne

Property Highlights

Property ID2017038876
Floor Area1,000 m²
Land AreaAsk Agent
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  18 Jun 2021
Map for The Care Park Portfo Australia & New Zealand Melbourne VIC 3000
Map for The Care Park Portfo Australia & New Zealand Melbourne VIC 3000The Care Park Portfo Australia & New Zealand Melbourne VIC 3000
Nathan Mufale
CBRE Melbourne
Nathan Mufale
CBRE Melbourne
Scott Hawthorne
CBRE Melbourne
Scott Hawthorne
CBRE Melbourne
Jing Jun Heng
CBRE Melbourne
Jing Jun Heng
CBRE Melbourne
Scott Orchard
CBRE Melbourne
Scott Orchard
CBRE Melbourne

Property Highlights

Property ID2017038876
Floor Area1,000 m²
Land AreaAsk Agent
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  18 Jun 2021
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000
Nathan Mufale
CBRE Melbourne
Nathan Mufale
CBRE Melbourne
Scott Hawthorne
CBRE Melbourne
Scott Hawthorne
CBRE Melbourne
Jing Jun Heng
CBRE Melbourne
Jing Jun Heng
CBRE Melbourne
Scott Orchard
CBRE Melbourne
Scott Orchard
CBRE Melbourne
Nathan Mufale

Nathan Mufale

CBRE Melbourne

Scott Hawthorne

Scott Hawthorne

CBRE Melbourne

Jing Jun Heng

Jing Jun Heng

CBRE Melbourne

Scott Orchard

Scott Orchard

CBRE Melbourne

+61 *** ***
+61 421 224 354

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