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 Details

Building type
Carpark
Title
Leasehold
Lettable area ('000sqm)
0.1
Number of buildings
1
Car parking spaces
940
Year built
1965
Major tenant
Wilson Parking
Owner
DXS
Ownership (%)
100

Property Statistics

Metro area
Melbourne CBD
Zoning
Capital City Zone
Acquisition date
November 1984
Book value at ownership ($m)
21.7
Independent valuation date
December 2018
Independent valuation at ownership ($m)
21.7
Market cap rate (%)
10.30
Initial yield (%)
13.80
Leased by area (%)
100
Weighted lease term by income (years)
0.9