HIGH PROFILE CBD COMMERCIAL CAR PARK 380 Flinders Street, Melbourne is a prominent freestanding commercial car park. Car parks are a tightly held assets class that re seldom offered for sale. They are a popular investment because they are low maintenance and provide solid cash-flow.
• Prominent freestanding commercial car park
• 315 bays leased to Secure Parking
• High traffic Flinders Street location
• Strategic location close to Crown Casino, Southbank, Collins Street and Swanston Street
• Low maintenance investment providing solid cash-flow
• Excellent future development potential including hotel, residential and co...
TROPHY INVESTMENT WITH NEW 15 YEAR LEASES ~ Brand new state-of-the-art service station investment anchored by Shell (Viva), Coles Express, Hungry Jacks and Red Rooster
~ Fully leased net income $1,411,837pa* with fixed annual rent increases
~ Iconic gateway location with unparalleled exposure to West Gate Freeway
~ Over 180,000* cars passing daily
~ Significant depreciation benefits
~ Unique offering, never to be replicated
Offered for sale through Dawkins Occhiuto and Savills by Expressions of Interest closing Thursday, 14 July 2016 at 3.00pm (AEST).
HISTORIC OPPORTUNITY WITH UNIQUE POSSIBILITIES ~ Outstanding building of 2,355sqm* on land of 1,155sqm*
~ Spectacular views to the CBD & surrounds
~ Zoning: Capital City Zone 1
~ Surrounded by medium density, low rise residential development
~ Suit residential, boutique hotel or office redevelopment (STPA)
~ Opportunity to create and develop one of Melbourne’s iconic art deco buildings
For Sale by Expressions of Interest closing Thursday, 19 November 2015 at 4pm (AEST).
Contact Dawkins Occhiuto to discuss this opportunity further.