JLL Melbourne CBD Sales has the exclusive privilege of offering for sale this high-profile East-End Melbourne CBD car park investment with a new 10-year lease to one of the biggest car park operators in the world – Secure Parking.
Key details of the opportunity include:
+ A modern 8-level Melbourne CBD car park of 706 bays
+ New 10-year lease to Secure Parking
+ Secure Parking is wholly owned by Park24 Co Ltd (Tokyo Stock Exchange-listed operator with a market cap of AUD $3.7BN)
+ Current net income: $2,100,000 per annum*
+ Exceptional East-End CBD location surrounded by major office buildings, the Theatre District, thousands of new apartments/hotel rooms and the retail core
+ 7 day per week trade (18 hour daily trade)
+ The East-End location provides a unique catchment of car park users, including students, shoppers, theatre-goers, office workers and tourists
+ Extremely tightly held asset class with unprecedented demand for Melbourne CBD car parking and very restricted future supply and the reduction of on-street parking numbers due to the installation of numerous bicycle lanes around the city
+ Car park investments are, by nature, low cost investments with minimal maintenance and upgrade requirements
Under Instructions form the Receivers and Managers – Cor Cordis
28 La Trobe Street. Melbourne is For Sale by International Expressions of Interest closing Wednesday 25 October at 2pm (AEDT).
To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
Josh Rutman | 0411 27 37 46
Nick Peden | 0402 011 266
MingXuan Li 李名轩 | 0498 688 998
- New 10-year lease to Secure Parking
- Ideal East-End CBD location
- Central to major catchment area