Portfolio of Car Parks For Sale

A unique opportunity has hit the market recently with the offering of a portfolio of car parks in Melbourne. The portfolio is being marketed by Paul Burns and Chris James of Fitzroys.

Included is the car park at 1 Queens Road. It comprises 523 car parking bays plus 61 storage units and has a net income of $1,174,114 and a six-year lease. The car park is below St Kilda Road Towers, a 15-storey office/accommodation building.

At 480 Collins Street is apparently the only car park with direct entry from Collins Street. It is situated nearby the major towers Collins Arch, Olderfleet and Rialto Towers and comprises 74 car parking bays and has an income of $515,455 per annum. The car park is below Collins Street Tower, a 20-storey building…

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