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Overview
35 Flemington Road
This property presents a prime investment opportunity in the form of the Melbourne Health Hospital Car Park located at 35 Flemington Road, North Melbourne. The asset comprises 102 secure gated car parks distributed across four separate titles, offering a substantial and secure car park investment.
The car park is fully leased to a government healthcare provider, Melbourne Health, ensuring a reliable and stable income stream. The current estimated rental returns are approximately $242,338.07 per annum, exclusive of GST and outgoings. The lease is a fixed term investment with one further option available, providing long-term security for investors.
Strategically situated in the heart of one of the world’s leading biomedical precincts, the location benefits from proximity to major healthcare institutions including the Royal Melbourne Hospital and the Peter MacCallum Cancer Centre. The site is also surrounded by prominent educational institutions such as RMIT University and The University of Melbourne, and is well-serviced by public transport with nearby tram and train stations.
This investment is ideal for those seeking a secure, government-backed asset with strong rental returns in a highly sought-after location. The property’s position within a key biomedical and educational precinct further enhances its appeal and potential for future growth.
Prospective purchasers are advised to conduct their own due diligence as all information regarding the property’s floor size, address, and general description has been provided by third parties and should not be solely relied upon.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
North Melbourne VIC 3051
Market Insights for North Melbourne VIC 3051
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