JLL Sean Flynn and John Williams offer the freehold interest in two Perth CBD car parks for sale at 419-431 Murray Street and 301-311 Wellington Street Perth CBD.

1,300 car bays plus 1,359sqm of office space and 522sqm of retail accommodation.

The properties are ideally positioned on the periphery of the retail and office precincts which facilitates easy access for cars from major road networks.

John Williams, JLL’s WA Managing Director said, “Both car parking operations have proven long-term trading histories and have been managed by Wilson Parking for around 15 years.”

“Casual parking is a scarce commodity in core CBD locations and approvals for these car parking facilities are difficult to obtain under the current City of Perth planning regime, so this offering could be described as both unprecedented and irreplaceable.”

“This is a pivotal time for investment in the CBD market. The Perth City Deal is a Federal State Government initiative that will inject $1.5 billion into the CBD.  Several projects are planned including the Edith Cowan University Campus due for completion in 2025 and which will ultimately house over 11,000 students and staff.  This will be transformational for the Perth CBD,” he added.

Sean Flynn, Director of Capital Markets WA said “Aside from the outstanding long-term trading performance, the assets also feature significant underlying landholdings of 3,667sqm and 3,627sqm respectively. The properties represent two of the largest long-term future redevelopment sites in the Perth CBD.”

“They also offer a diverse income stream with a state government leased office tenancy, a row of retail shops and an Auto Masters service centre which has strong synergies with the car park above”, he added.

419-431 Murray Street & 301-311 Wellington Street, Perth are offered for sale via an International Expressions of Interest campaign closing Thursday 14 October 2021 at 3pm (AWST).

To request a copy of the Information Memorandum please contact one of the marketing agents John Williams or Sean Flynn via the contact details below. 

704f267a-6fe5-4c74-a5d0-33344820df4b.jpeg