Care Park, 9 Yarra Street,
South Yarra, VIC 3141
Key property information
Expression of Interest
Map of Care Park, 9 Yarra Street
Train stations within 5 km of Care Park, 9 Yarra Street, South Yarra, VIC 3141 Distance South Yarra Railway Station 85 m Hawksburn Station 1.2 km East Richmond Station 1.3 km Prahran Station 1.4 km Richmond Station 1.5 kmPOWERED BY HERE © Tram stops within 5 km of Care Park, 9 Yarra Street, South Yarra, VIC 3141 Distance South Yarra Railway Station 85 m 126-Myrtle St/Toorak Rd (South Yarra) 325 m 128-Chapel St/Toorak Rd (South Yarra) 343 m 51-Malcolm St/Chapel St (South Yarra) 344 m 50-Toorak Rd/Chapel St (South Yarra) 356 mPOWERED BY HERE © Bus stops within 5 km of Care Park, 9 Yarra Street, South Yarra, VIC 3141 Distance Darling Gardens/Alexandra Ave (South Yarra) 403 m Chapel St/Alexandra Ave (South Yarra) 434 m Darling St/Alexandra Ave (South Yarra) 495 m Toorak Rd/Punt Rd (South Yarra) 520 m Shipley St/Punt Rd (South Yarra) 528 mPOWERED 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
+Providing net annual income of $225,000* through a 7 year lease with fixed 2%* annual rental increases.
+Featuring 109 car parking bays split over 5 levels in a multi deck configuration at 9 Yarra Street, South Yarra comprising an 18-level retail and commercial office building.
+Within South Yarra’s Forrest Hill Precinct - one of Melbourne’s most densely populated retail, residential and commercial catchments.
+Walking distance to South Yarra Train Station and cafés, restaurants and retail outlets along Toorak Road and nearby Chapel Street.
+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 Lots 1-109, 9 Yarra Street, South Yarra 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:
+61 421 224 354
+61 400 861 048
Jing Jun Heng 王敬君
+61 411 059 116
+61 425 760 712
Property ID: 503838962Last Updated: 18 Jun 2021
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