Car park may fetch $12m
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
The small two-level car park at 399 Little Lonsdale Street adjoining the University City Apartments building will be sold with permits in place for a 39-level Peddle Thorpe Architects-designed residential tower.
The property, owned by Clement Lee's Riverside Group, is one of a dwindling pool of city car parks that are popular with investors and developers.
Property investor Jimmy Goh this month sold a substantial car park nearby at 224-250 La Trobe Street for $43.135 million without a permit, to Malaysian developer UEM Sunrise Berhad.
Earlier this year a car park at 517 Flinders Street also changed hands.
The Little Lonsdale Street car park is next door to a three-storey office building that has permits for a 57-level tower, CBRE selling agents Mark Wizel and Josh Rutman said.
The car park is for sale by expression of interest with price expectations around $12 million.
Mr Rutman said larger offshore development companies were now moving in the market.
"Whilst private offshore developers have been active in this space for some time, we are starting to see strong inquiry from listed offshore groups such as UEM Sunrise Berhad and Hiap Hoe [Limited]," he said.
Call 1300 880 160
Start a chat
Schedule a call
