Located in the heart of St Kilda, and currently bringing in $100 pcm (ex GST), this car park is leased to Care Park Australia on a long term lease expiring 6 June 2017, with an 10 year option to renew. Lease paid monthly, outgoings including body corporate and rates refunded by Care Park Australia.
Potential upside if the lease is not renewed to lease or sell to apartment owners in the complex. The SMSF owner is motivated seller and interested to complete the transaction before Xmas.
The size of St Kilda is approximately 3.2 square kilometres. It has 17 parks covering nearly 21.5% of total area. The population of St Kilda in 2016 was 20230 people. By 2021 the population was 19490 showing a population decline of 3.7% in the area during that time. The predominant age group in St Kilda is 30-39 years. Households in St Kilda are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St Kilda work in a professional occupation.In 2021, 37.10% of the homes in St Kilda were owner-occupied compared with 33.50% in 2016.
St Kilda has 18,593 properties. Over the last 5 years, Houses in St Kilda have seen a -4.52% decrease in median value, while Units have seen a -0.59% decrease. As at 30 April 2026:
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