$17.5 million Melbourne CBD car park sale

$17.5 million Melbourne CBD car park sale
Jonathan ChancellorOctober 2, 2014

LaSalle Investment Management has sold its 706-bay Melbourne car park for $17.5 million through Savills.

The eight-level, strata-titled property, at 20-28 La Trobe Street, was sold on a 2.78% yield to a local private buyer.

The 1,400 square metre site is leased to Secure Parking, but on a term that expires at the end of this year.

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Editor's Picks

First look: Carbone targets first home buyers after Amado Windsor redesign
Riverfront living made achievable at The Lennox, Parramatta
Hyecorp doubles-down on Lower North Shore with Celine, Chatswood tower
"More than just a beautiful building": How Sydney House aims to elevate its residents' lifestyle
Dorian Kew reimagines heritage architecture for modern living