Car Park, 222 Russell Street,
Melbourne, VIC 3000
Offices • Shops & Retail
Price information
Sold
$16,880,000
Key property information
Floor area
Car spaces
Tenure type
Sold on
Map of Car Park, 222 Russell Street
Prime CBD Car Park Investment
- Prized East End CBD Car Park
- Fully leased with strong growth potentia
- Exceptional East End CBD location
*** SOLD ***
Prized East End CBD Car Park with significant upside potential
- Modern car park of 427 bays over 8 levels
- 5 year lease to Wilson Parking - expiring 30 June 2015 (no options)
- Strongly performing facility with 24/7 trade
- Current Net Income: $1,243,300 per annum*
- Fully leased with strong growth potential
- Modern building completed in 2000 with significant depreciation benefits
- Exceptional East End CBD location close to Chinatown, major office buildings and the retail core
- 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
*approx
Prized East End CBD Car Park with significant upside potential
- Modern car park of 427 bays over 8 levels
- 5 year lease to Wilson Parking - expiring 30 June 2015 (no options)
- Strongly performing facility with 24/7 trade
- Current Net Income: $1,243,300 per annum*
- Fully leased with strong growth potential
- Modern building completed in 2000 with significant depreciation benefits
- Exceptional East End CBD location close to Chinatown, major office buildings and the retail core
- 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
*approx
Property ID: 500329147Last Updated: 3 Oct 2021
Car Park, 222 Russell Street
Melbourne, VIC 3000
Savills - MelbourneLevel 29, South Tower, 80 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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