The property comprises two components. The first component being 464 St Kilda Road, an eight storey office building with ground floor and basement car parking (single and tandem) for 192 bays. The second component is units 112-218, 23 Queens Road, which is strata car parking, comprising 107 car bays currently leased by Secure Parking.
| Ownership interest | 50% |
| Cap rate | 5.25% |
| Valuation date | June 2020 |
| Acquisition date | May 2018 |
| Site area | 4,645m2 |
| Net lettable area | 13,827m2 |
| Occupancy | 87% |
| NABERS rating (Energy) | 3.5 |
| NABERS rating (Water) | 2.5 |
| WALE by income | 0.88 |
| Rent review stucture | Fixed |
| Major tenants by income | VACC , Macquarie Leasing , Toll Transport |
| Parking spaces | 192 |
| Valuation range | $40-60 million |
-
Download a PDF of this property
- Download