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Sovereign Place, 32 Flinders Street, Melbourne CBD

An unrivalled CBD commercial car park with an unrepeatable permit approved for dual tower mixed use development
  • Land Area:
    2,087 m2
  • Tenancy:
    Tenanted Investment
  • Income:
    $2,071,906.00 + GST
  • Car Parks:
    546

OVERVIEW

  • A strong performing dual access commercial car park comprising 546 bays across eight levels
  • Fully leased to Wilson Parking and EY and generating a net income of $2,071,906 p.a.*
  • Potential for further value add opportunities, including signage and retail activation or reconfiguration of the planning permit (STCA)
  • Substantial 2,087sqm* land holding with multiple street frontages including Flinders Street (32m*) and Flinders Lane (12m*)
  • Permit approved for the development of two residential / mixed use towers – 47 levels fronting Flinders Street and 14 levels fronting Flinders Lane

LOCATION

  • Positioned within the highly sought after East End of the Melbourne CBD
  • Surrounded by Melbourne’s most prestigious office towers and hotels and benefitting from endless amenity including luxury retail and Flinders Lane dining

For Sale via international Expressions of Interest closing Thursday 15th March 2018 at 2pm (AEDT)

 

 

 

 

 

 

 

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