Sydney's priciest CBD car space offering remains for sale

Sydney's priciest CBD car space offering remains for sale
Jonathan ChancellorDecember 7, 2020

A Sydney CBD car space has been listed at $330,000.

It is in the basement of an apartment complex on the corner of Bond and George streets.

The price tag by vendor Terence Chua reflects a slightly longer space than usual, being able to fit two car tandem parking.

It is in the Mantra 2 Bond Street serviced apartment hotel building

It was noted by Property Observer as for sale last October.

The car park listing portal findacarpark.com.au has suggested Sydney car space have sold for $250,000, though the average price for a Sydney parking space has recently been $73,000.

The car space cost $55,000 in 1999.

Parking space owners who lease their spots out receive between $400 and $800 a month in rent, on average, with average rents on Bondi spaces the highest in the city at $897, followed by the CBD at $685.

Many Sydney CBD car spaces are attached by strata to an apartment, making those available to be purchased on separate title a limited market.

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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