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…