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CBRE - Victoria

'Eden Car Park', 677 Victoria Street Abbotsford, VIC 3067

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'Eden Car Park', 677 Victoria Street,
Abbotsford, VIC 3067

Other • Shop & Retail

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Sale - Expression of Interest closing Wed 14 Jul

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CBRE - Victoria
'Eden Car Park', 677 Victoria Street
Abbotsford, VIC 3067
CBRE - Victoria

CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

Map of 'Eden Car Park', 677 Victoria Street

Directions
  • Train stations within 5 km of 'Eden Car Park', 677 Victoria Street, Abbotsford, VIC 3067Distance
    Hawthorn Station1.4 km
    Burnley Station1.9 km
    North Richmond Station1.9 km
    Collingwood Station2 km
    West Richmond Station2 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 'Eden Car Park', 677 Victoria Street, Abbotsford, VIC 3067Distance
    25-River BVD/Victoria St (Richmond)81 m
    24-Burnley St/Victoria St (Richmond)356 m
    27-Findon Cres/Barkers Rd (Kew)580 m
    23-Leslie St/Victoria St (Richmond)580 m
    27-Findon St/Barkers Rd (Hawthorn)588 m
    POWERED BY HERE ©
  • Bus stops within 5 km of 'Eden Car Park', 677 Victoria Street, Abbotsford, VIC 3067Distance
    Caritas Christi Hospice/Studley Park Rd (Kew)648 m
    Hume St/Studley Park Rd (Kew)662 m
    Walmer St/Studley Park Rd (Kew)926 m
    Dunlop Ave/Studley Park Rd (Kew)948 m
    Thornton St/Studley Park Rd (Kew)952 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 $220,000* through a 7 year lease with fixed 2%* annual rental increases.

+Featuring 121 car parking bays within ‘Eden’, which forms part of Acacia Place, comprising 3 apartment buildings – Eden, Haven and Sanctuary – containing various common areas, rooftops, lifestyle amenities and a commercial hub including two cafés.

+Opposite Victoria Gardens Shopping Centre, the largest sub-regional shopping centre within 3km* of the Melbourne CBD, home to global & national brands including IKEA, Coles, Hoyts Cinemas and around 80 specialty retailers serving as a major attraction in the area.

+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 ‘Eden’ at 677 Victoria Street, Abbotsford 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: 503838942Last Updated: 18 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
'Eden Car Park', 677 Victoria Street Abbotsford, VIC 3067

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