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Care Park, 360 St Kilda Road Melbourne, VIC 3004

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Care Park, 360 St Kilda Road,
Melbourne, VIC 3004

Other • Shop & Retail

Price information

Sale - Expression of Interest

Contact Agent

Key property information

Floor area

Car spaces

Property extent

Zoning

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$95,000

Private inspections

to arrange a private inspection.

Map of Care Park, 360 St Kilda Road

Directions
  • Train stations within 5 km of Care Park, 360 St Kilda Road, Melbourne, VIC 3004Distance
    Flinders Street Railway Station1.6 km
    Richmond Station1.9 km
    South Yarra 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 3004Distance
    20-Park Street/St Kilda Rd (Melbourne City)54 m
    119-Wells St/Park St (South Melbourne)181 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 3004Distance
    Domain Interchange/St Kilda Rd (Melbourne City)52 m
    Melbourne Observatory/Birdwood Ave (Melbourne City)349 m
    Shrine of Remembrance/Birdwood Ave (Melbourne City)367 m
    Anzac Ave/St Kilda Rd (Melbourne City)568 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 $95,000* 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.

For further information please contact the exclusive sales and marketing agents at CBRE:

Scott Hawthorne
+61 400 861 0...
scott.hawthorne@cbre.com.au

Nathan Mufale
+61 421 224 3...
nathan.mufale@cbre.com.au

Jing Jun Heng 王敬君
+61 411 059 1...
jj.heng@cbre.com.au

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

Property ID: 503838938Last Updated: 15 Jan 2022

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Care Park, 360 St Kilda Road
Melbourne, VIC 3004
CBRE - Melbourne
Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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