34-60 Little Collins Street, Melbourne

Overview

The freestanding car park on Little Collins Street is in a prime central Melbourne location with dual access from the city’s main retail precincts of Bourke and Little Collins Streets. Parliament House and The Old Treasury Building are within walking distance, and night time trade is driven by a variety of dinner and entertainment options including Her Majesty’s Theatre and Princess Theatre.

Currently operated by Secure Parking, the facility has 1.9 metre height access and is open 24/7 with long and short stay options.

There is also a café and rental car outlet on the ground floor.

- Freestanding facility

- Access via Melbourne’s premier retail street

- Café and rental car outlet

Asset Information

  • Asset typeCarpark
  • Year built1965
  • Asset locationMelbourne CBD
  • Car parking spaces940
  • OwnerDXS
  • Ownership (%)100
  • Major tenantRed Spot Car Rentals
  • Acquisition dateNovember 1984
  • Book value at ownership ($m)11
  • Independent valuation dateDecember 2024
  • Independent valuation at ownership ($m)11
  • Market cap rate (%)14.00
  • 12 month rolling yield (%)17.15
  • Leased by area (%)83
  • Weighted lease term by income (years)0.6
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