Central Square Car Park/Central Square Car P 25 Doveton Street South (Cnr Dana Street) Ballarat Central VIC 3350

The property comprises a freestanding, multi deck car park situated in the largest growing city in regional Victoria, with the key details summarised below:

+ Freestanding multi deck car park comprising 502 bays over 12 split levels on an expansive 2,898sqm* landholding

+ Landlord favoured 5 year lease to Care Park, an end-to-end parking service provider, with over 25 years in operation and more than 450 owned and managed car parks across five countries

+ Providing annual income of $508,867*

+ A blue-chip retail investment located within the CBD of one of Victoria's largest regional towns, with projected population growth to 114,108 by 2036

+ One of the largest structures in the immediate catchment, adjoining Central Square Ballarat with anchor tenants including Target & Myer, and the area's main dining and retail precinct in Sturt Street

+ Defensive investment asset class, with low operating expenses, increasing demand from commuters and diminishing competition in the car park sector

Contact CBRE for more information:

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

CBRE Asian Services Team:
Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com
jheng1206

*Denotes Approx.