Lloyd Williams lists Flinders Street, Melbourne carpark

Lloyd Williams lists Flinders Street, Melbourne carpark
Lloyd Williams lists Flinders Street, Melbourne carpark

BRW Rich Lister Lloyd Williams has $120 million hopes for a property that includes one of Melbourne CBD's biggest car parks.

The 16-level property at 114 Flinders Street, at the city's East End, has five ground-level retail tenancies with 1200 car bays.

Topping the tower are six levels of office space, overlooking Flinders Street and the Yarra River, Fairfax Media note.

Agents from CBRE along with Knight Frank's Martin O'Sullivan and Paul Henley say The Hudson Conway-owned car park benefits enormously from servicing strong demand from commercial office users as well as being the core car park for weekend diners and visitors to the MCG, Melbourne Park and AAMI Park.

Around six months ago one of Singapore's largest property developers, Wing Tai, acquired a seven-level car park further along Flinders Street for more than $31 millionĀ on a tight investment yield of about 3 per cent, with the listed Singaporean group paying about $100,000 per bay.

Dexus Property Group has received planning approval for a $300 million high-rise apartment project on a car park it owns on Flinders Street.

Tags: 
Melbourne Commercial Property

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