Care Park, 2-6 Mundy Street,
Bendigo, VIC 3550
Shops & Retail • Development Sites & Land • Other
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CBRE - Melbourne
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
04008610...
Care Park, 2-6 Mundy Street
Bendigo, VIC 3550
Map of Care Park, 2-6 Mundy Street
LAND RICH CAR PARK INVESTMENT WITH BRAND NEW 7-YEAR LEASE TO INTERNATIONAL OPERATOR
+An expansive 1,360sqm* landholding comprising 44 at grade car parking bays.
+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 $50,000* through a 7 year lease with fixed 2%* annual rental increases.
+Surrounded by government infrastructure projects, including the $90m* Bendigo GovHub development that will centralise a range of government services and accommodate ~1,000 government employees.
+Directly opposite the Bendigo Law Court Development, a landmark civic building delivered by Court Services Victoria that will deliver a state-of-the-art courthouse to the area.
+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 0...
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
+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 $50,000* through a 7 year lease with fixed 2%* annual rental increases.
+Surrounded by government infrastructure projects, including the $90m* Bendigo GovHub development that will centralise a range of government services and accommodate ~1,000 government employees.
+Directly opposite the Bendigo Law Court Development, a landmark civic building delivered by Court Services Victoria that will deliver a state-of-the-art courthouse to the area.
+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 0...
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: 503838954Last Updated: 3 Sep 2021
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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