464 St Kilda Road

St Kilda, Melbourne

The property comprises two components. The first component being 464 St Kilda Road, an eight storey office building with ground floor and basement car parking (single and tandem) for 192 bays. The second component is units 112-218, 23 Queens Road, which is strata car parking, comprising 107 car bays currently leased by Secure Parking.

Ownership interest 50%
Cap rate 5.25%
Valuation date April 2018
Acquisition date May 2018
Site area 4,645m2
Net lettable area 13,827m2
Occupancy 100%
NABERS rating (Energy) 4
NABERS rating (Water)  - 
WALE by income 1.70
Rent review stucture Fixed
Major tenants by income VACC , Macquarie Leasing , Toll Transport
Parking spaces 192
Valuation range $40-60 million