$17.5 million Melbourne CBD car park sale
Jonathan ChancellorDecember 7, 2020
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.
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