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 June 2021
Acquisition date May 2018
Site area 4,645m2
Net lettable area 13,784m2
Occupancy 67%
NABERS rating (Energy) 4.5
NABERS rating (Water) 4.5
WALE by income 0.12
Rent review stucture Fixed
Major tenants by income VACC, Jenny Craig
Parking spaces 192
Valuation range $40-60 million
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