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CBRE - Victoria

Care Park, 360 St Kilda Road Melbourne, VIC 3000

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Care Park, 360 St Kilda Road,
Melbourne, VIC 3000

Other • Shop & Retail

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Sale - Expression of Interest closing Wed 14 Jul

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Car spaces

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CBRE - Victoria
Care Park, 360 St Kilda Road
Melbourne, VIC 3000
CBRE - Victoria

CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

Map of Care Park, 360 St Kilda Road

Directions
  • Train stations within 5 km of Care Park, 360 St Kilda Road, Melbourne, VIC 3000Distance
    Flinders Street Station1.6 km
    Richmond Station1.9 km
    South Yarra Railway Station2 km
    Jolimont-MCG Station2 km
    Southern Cross Station2.1 km
    POWERED BY HERE ©
  • Tram stops within 5 km of Care Park, 360 St Kilda Road, Melbourne, VIC 3000Distance
    20-Park Street/St Kilda Rd (Melbourne City)55 m
    119-Wells St/Park St (South Melbourne)175 m
    19-Shrine of Remembrance/St Kilda Rd (Melbourne City)333 m
    22-Dorcas St/Eastern Rd (South Melbourne)514 m
    22-Toorak Rd/St Kilda Rd (Melbourne City)515 m
    POWERED BY HERE ©
  • Bus stops within 5 km of Care Park, 360 St Kilda Road, Melbourne, VIC 3000Distance
    Domain Interchange/St Kilda Rd (Melbourne City)42 m
    Melbourne Observatory/Birdwood Ave (Melbourne City)356 m
    Shrine of Remembrance/Birdwood Ave (Melbourne City)366 m
    Anzac Ave/St Kilda Rd (Melbourne City)566 m
    Victoria Barracks/St Kilda Rd (Southbank)614 m
    POWERED BY HERE ©
POWERED BY HERE ©

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

  • Occupied by Highly Established Operator
  • Brand New 7 Year Term
  • Triple Net Lease Structure
+Landlord favoured triple net lease 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 net annual income of $100,000* through a 7 year lease with fixed 2%* annual rental increases.

+Featuring 84 car parking bays within the ‘Royal Domain Plaza’ apartment building at 360 St Kilda Road, Melbourne.

+Surrounded by a combination of office, residential, retail and hotel accommodation, in addition to the Royal Botanical Gardens located directly opposite.

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

CBRE is offering for sale the car parking component of 360 St Kilda Road, Melbourne via expressions of interest as part of ‘The Care Park Portfolio’ - a collection of nine (9) car park investments, available on an individual, in any combination or in-one-line basis closing 30 June 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 王敬君
+61 411 059 116
jj.heng@cbre.com.au

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

Property ID: 503838938Last Updated: 15 Jun 2021

Agency contacts

CBRE - Victoria
Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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Jing Jun Heng

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Jing Jun Heng
CBRE - Victoria
Care Park, 360 St Kilda Road Melbourne, VIC 3000

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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