LEVEL 11/522 Flinders LaneMelbourne VIC 3000
Property Details for Level 11/522 Flinders Lane, Melbourne
Last Listing description (February 2021)
An exceptional opportunity to purchase one of the Melbourne CBD's largest freestanding car parking stations. 1001 car bays plus a large office floor, 100% leased and returning $3,023,861 per annum net.
- One of the largest freestanding car parks in the Melbourne CBD
- 1001 bays plus 1,422 sqm of leased office space
- Adjoining a major Collins Street development site with a 50,000 sqm building proposal
- Close to landmarks including Rialto Tower, Southern Cross Station and 530 Collins Street
- Fully leased to two tenants including one of Australia's largest car park operators
- Net passing rental: $3,023,861 per annum approximately
For sale by EOI closing Thursday 30 July at 2pm
Contact:
Clinton Baxter 0411 244 223
Langton McHarg 0402 138 451
Paul Burns 0412 244 274
Property History for Level 11/522 Flinders Lane, Melbourne, VIC 3000
- 24 Sep 2019Sold for $96,000,000
- 20 Sep 2016Listed for Rent - Price not available
- 14 Jun 2016Listed for Rent - Price not available
Recent sales nearby
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,268 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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