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CBRE - Victoria

Care Park, 9 Yarra Street South Yarra, VIC 3141

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Care Park, 9 Yarra Street,
South Yarra, VIC 3141

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Sale - Expression of Interest closing Wed 14 Jul

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CBRE - Victoria
Care Park, 9 Yarra Street
South Yarra, VIC 3141
CBRE - Victoria

CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

Map of Care Park, 9 Yarra Street

Directions
  • Train stations within 5 km of Care Park, 9 Yarra Street, South Yarra, VIC 3141Distance
    South Yarra Railway Station85 m
    Hawksburn Station1.2 km
    East Richmond Station1.3 km
    Prahran Station1.4 km
    Richmond Station1.5 km
    POWERED BY HERE ©
  • Tram stops within 5 km of Care Park, 9 Yarra Street, South Yarra, VIC 3141Distance
    South Yarra Railway Station85 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 m
    POWERED BY HERE ©
  • Bus stops within 5 km of Care Park, 9 Yarra Street, South Yarra, VIC 3141Distance
    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 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 $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:

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: 503838962Last Updated: 18 Jun 2021

Agency contacts

CBRE - Victoria
Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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Scott Hawthorne

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Scott Hawthorne
CBRE - Victoria
Care Park, 9 Yarra Street South Yarra, VIC 3141

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

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