Care Park, 360 St Kilda Road,
Melbourne, VIC 3004
Other • Shops & Retail
Key property information
Floor area
Car spaces
Property extent
Zoning
Tenure type
Sold on
CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
03 9613 04...
Care Park, 360 St Kilda Road
Melbourne, VIC 3004
Map of Care Park, 360 St Kilda Road
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 $95,000* through a 7 year lease with fixed 2%* annual rental increases.
+Featuring 84 car parking bays within the ‘Royal Domain Plaza’ apartment building at 360 St Kilda Road, Melbourne.
+Surrounded by a combination of office, residential, retail and hotel accommodation, in addition to the Royal Botanical Gardens located directly opposite.
+Defensive investment asset class, with low operating expenses, increasing demand from commuters and diminishing competition in the car park sector.
For further information please contact the exclusive sales and marketing agents at CBRE:
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
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
+Providing net annual income of $95,000* through a 7 year lease with fixed 2%* annual rental increases.
+Featuring 84 car parking bays within the ‘Royal Domain Plaza’ apartment building at 360 St Kilda Road, Melbourne.
+Surrounded by a combination of office, residential, retail and hotel accommodation, in addition to the Royal Botanical Gardens located directly opposite.
+Defensive investment asset class, with low operating expenses, increasing demand from commuters and diminishing competition in the car park sector.
For further information please contact the exclusive sales and marketing agents at CBRE:
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
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Melbourne, 3004 demographic data
The median household income for Melbourne is $1,448, 24% lower than Greater Melbourne's household income of $1,901. Melbourne has a younger age profile compared to the rest of Greater Melbourne (median age 29 vs 37). Property ownership data shows 47% of property owners in Melbourne have a mortgage.
54,941
Population
$1,448 per week
Median household income
29 years
Median age
Renters
Most residents
Singles
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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