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 Wilson’s Parking, the facility has 1.9 metre height access with capacity for 940 cars 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

Property Information

  • Building typeCarpark
  • Year built1965
  • TitleLeasehold
  • Metro areaMelbourne CBD
  • ZoningCapital City Zone
  • Lettable area ('000sqm)0.4
  • Lettable area adjusted for ownership ('000sqm)0.4
  • Number of buildings1
  • Car parking spaces940
  • OwnerDXS
  • Ownership (%)100
  • Major tenantFirst Parking
  • Acquisition dateNovember 1984
  • Book value at ownership ($m)16.5
  • Independent valuation dateDecember 2022
  • Independent valuation at ownership ($m)16.5
  • Market cap rate (%)10.66
  • 12 month rolling yield (%)6.19
  • Leased by area (%)100
  • Weighted lease term by income (years)1.5

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