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CBRE - Melbourne

Care Park, 14-40 Stewart Street Shepparton, VIC 3630

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Care Park, 14-40 Stewart Street,
Shepparton, VIC 3630

Shop & Retail • Development Sites & Land • Other

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CBRE - Melbourne
Scott Hawthorne

CBRE - Melbourne

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
+61 400 861 0...
CBRE - Melbourne
Care Park, 14-40 Stewart Street
Shepparton, VIC 3630

Map of Care Park, 14-40 Stewart Street

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LAND RICH MULTI-LEVEL CAR PARK INVESTMENT WITH BRAND NEW 7-YEAR LEASE TO INTERNATIONAL OPERATOR

+An expansive 2,700sqm* landholding comprising 326 bays over 9 split levels in a freestanding multi deck commercial car park.

+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 $100,000* through a 7 year lease with fixed 2%* annual rental increases.

+A blue-chip retail investment located within the CBD of one of Victoria’s largest regional towns, on the banks of the Goulburn River within the heart of Victoria’s ‘food bowl’, a region which 25%* of the total value of Victoria's agricultural production is sourced.

+One of the largest structures in the immediate catchment, opposite Village Cinemas, Coles, Kmart, Rebel Sport and the area’s main dining and retail precinct.

+Defensive investment asset class, with low operating expenses, increasing demand from commuters and diminishing competition in the car park sector.

Contact one of the sale and marketing agents below for more information:

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au

Nathan Mufale
+61 421 224 354
nathan.mufale@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: 503838958Last Updated: 3 Sep 2021

Agency contacts

CBRE - Melbourne
Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

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