20-28 La Trobe Street,
Melbourne, VIC 3000

Savills has great pleasure in offering for sale a major CBD car park ideally located within the East End of Melbourne’s CBD surrounded by major office buildings, Melbourne’s Chinatown, the theatre district, and close to the retail core.

This property represents a rare opportunity to purchase a CBD car park – an extremely tightly-held sector of the market with opportunities arising infrequently. Years can pass between offerings.

Key attributes of this prime property are:

• A modern car park of 706 bays over 8 levels
• Exceptional East End CBD location surrounded by major office buildings and thousands of new apartments
• 7 day per week trade
• Short term lease to Secure Parking expiring 31 December 2014 (with no options) offering versatility of future operation
• Significant income growth potential
• Extremely tightly held asset class with unprecedented demand for CBD car parking and very restricted future supply
• Car park investments are, by nature, low cost investments with minimal maintenance and leasing requirements
• Opportunities include long term investment/own and operate/on-sell individual bays at a profit

Opportunities to purchase such properties as the 20-28 La Trobe Street car park are particularly rare, especially when you consider the location, existing income, low cost nature of the asset and potential for rental upside.

The property is for sale by Expressions of Interest closing on Thursday 18 September at 2pm at the Melbourne offices of Savills.

Julian Heatherich - 0412 995 6...
Benson Zhou - 0458 488 8...