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Fitzroys - Melbourne

Carpark, 480 Collins Street Melbourne, VIC 3000

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Carpark, 480 Collins Street,
Melbourne, VIC 3000

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Price information

Sale - Expression of Interest

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Key property information

Floor area

Car spaces

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$515,455

Private inspections

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Fitzroys - Melbourne
Carpark, 480 Collins Street
Melbourne, VIC 3000
Fitzroys - Melbourne

Fitzroys - Melbourne

Level 27, 360 Collins Street
MELBOURNE, VIC 3000

Map of Carpark, 480 Collins Street

Directions
  • Train stations within 5 km of Carpark, 480 Collins Street, Melbourne, VIC 3000Distance
    Southern Cross Station377 m
    Flagstaff Station647 m
    Flinders Street Railway Station801 m
    Melbourne Central Station829 m
    Parliament Station1.6 km
    POWERED BY HERE ©
  • Tram stops within 5 km of Carpark, 480 Collins Street, Melbourne, VIC 3000Distance
    4-Collins St/William St (Melbourne City)102 m
    3-William St/Bourke St (Melbourne City)155 m
    3-William St/Collins St (Melbourne City)176 m
    3-William St/Flinders Lane (Melbourne City)194 m
    2-Market St/Flinders Lane (Melbourne City)241 m
    POWERED BY HERE ©
  • Bus stops within 5 km of Carpark, 480 Collins Street, Melbourne, VIC 3000Distance
    Flinders Lane/Queen St (Melbourne City)324 m
    Market St/Flinders St (Melbourne City)337 m
    Collins St/Queen St (Melbourne City)337 m
    1-Flinders St/Queens Bridge St (Melbourne City)340 m
    Bourke St/Queen St (Melbourne City)372 m
    POWERED BY HERE ©
POWERED BY HERE ©

3 Super Prime Car Park Investments – 480 Collins St, 1 Queens Rd and 452 St Kilda Rd, Melbourne

  • Securely Leased Cash Flow
  • Fully Leased Investments, WALE 5.4 yrs
  • Prime CBD and St Kilda Rd Locations
***EOI HAS NOW CLOSED***

Fitzroys is delighted to offer a high-yielding car park investment portfolio for sale via Expressions of Interest closing November 12th at 2:30pm

The three car park opportunities are for sale ‘in one-line or separately’ (3 lots)

A summary of the combined investment follows:

- Blue chip Melbourne CBD and St Kilda Road locations
- Three fully leased car park investments, 5.4* year WALE
- High-yielding investment with ultra-low maintenance
- Combined Net Income $2,045,707 * pa
- Secure cash flow from strong covenant
- Land Tax and all levies payable by Tenant (SHB)
- Combined 677 car parking bays plus numerous storage areas
- Capacity for up to 840 car parking bays
- Ideal Post COVID Investment
- Portfolio diversification & exceptional growth prospects


A summary of the individual investments follows:

480 Collins Street, Melbourne

- Situated in the ‘New Centre of Collins Street’ amongst Collins Arch, Olderfleet and Rialto Towers
- The only Carpark with direct entry from Collins Street
- Featuring 74 car parking bays
- Capacity for 110 car parking bays
- Net income of $515,455 p.a.
- Six (6) year lease


1 Queens Road, Melbourne

- Situated in Queens Road Towers within the heart of the St Kilda Road Precinct
- Featuring 523 car parking bays plus 61 storage units
- Capacity for up to 650 car parking bays
- Net income of $1,174,114 p.a.
- Six (6) year lease


452 St Kilda Road, Melbourne

- Situated in the Blackman Hotel
- Featuring 80 car parking bays plus storage units
- Net income of $356,138 p.a.
- Six (6) year lease

Property ID: 503671006Last Updated: 26 Jan 2021

Agency contacts

Fitzroys - Melbourne
Fitzroys - Melbourne
Level 27, 360 Collins Street
MELBOURNE, VIC 3000
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Email enquiry

Paul Burns

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Paul Burns
Fitzroys - Melbourne
Carpark, 480 Collins Street Melbourne, VIC 3000

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

Kind Regards,

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