325 Herston Road,
Herston, QLD 4006
Other • Medical & Consulting
Price information
Sale - Expression of Interest
Contact Agent
Key property information
Floor area
Tenure type
Private inspections
to arrange a private inspection.
CBRE - Brisbane
Waterfront Place Level 3, 1 Eagle StreetBRISBANE CITY, QLD 4000
325 Herston Road
Herston, QLD 4006
Map of 325 Herston Road
Train stations within 5 km of 325 Herston Road, Herston, QLD 4006 Distance Exhibition Station 339 m Fortitude Valley Station 900 m Abbotsford Rd at Bowen Hills 1.1 km Bowen Hills Station 1.1 km Windsor Station 1.7 km POWERED BY HERE ©Bus stops within 5 km of 325 Herston Road, Herston, QLD 4006 Distance Herston Rd Near Bramston Tce 174 m Bowen Bridge Rd at Gregory Terrace 255 m Herston, Platform 1 272 m RBWH Station Platform 330 m Oconnell Terrace Near Bowen Bridge Rd 336 m POWERED BY HERE ©
POWERED BY HERE ©
Unique alternative investment opportunity - 800 Bay parking facility servicing one of Australia’s largest hospitals and healthcare precincts
- 800 car bay facility on leasehold title
- Direct airbridge access to RBWS
- Avg. 83% net profit margin (FY2020 - 24)
CBRE are pleased to exclusively offer to the market, Herston Road Car Park. An 800 bay freestanding car park on leasehold title, connected to the Royal Brisbane and Women's Hospital.
Investment highlights:
+ Standalone parking facility with direct airbridge access to Royal Brisbane and Women’s Hospital
+ Leasehold ownership interest with remaining term of 37 years*
+ Positioned to grow alongside the hospital and health care precinct, servicing the rapid growth trajectory of Brisbane and Greater South East Queensland
+ Favourable income configuration operated under a 3 year management agreement to Cornerstone Parking, reflecting an average 83%** net profit margin over the last four year (FY2020 to FY2024)
+ Projected net income of $2,646,188** for the FY2024 period (EBITDA)
The leasehold interest in Herston Road Car Park is available for purchase via expressions of interest. Offers are to be submitted on or before 12.00pm (AEST) Thursday, 9th of May 2024.
* Approximately
** Approximately, reflecting indicative figures of Syndicate Ownership Structure
Investment highlights:
+ Standalone parking facility with direct airbridge access to Royal Brisbane and Women’s Hospital
+ Leasehold ownership interest with remaining term of 37 years*
+ Positioned to grow alongside the hospital and health care precinct, servicing the rapid growth trajectory of Brisbane and Greater South East Queensland
+ Favourable income configuration operated under a 3 year management agreement to Cornerstone Parking, reflecting an average 83%** net profit margin over the last four year (FY2020 to FY2024)
+ Projected net income of $2,646,188** for the FY2024 period (EBITDA)
The leasehold interest in Herston Road Car Park is available for purchase via expressions of interest. Offers are to be submitted on or before 12.00pm (AEST) Thursday, 9th of May 2024.
* Approximately
** Approximately, reflecting indicative figures of Syndicate Ownership Structure
Property ID: 504564612Last Updated: 11 Apr 2024
CBRE - BrisbaneWaterfront Place Level 3, 1 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.