Carparks

Discussion in 'Commercial Property' started by Giswal, 11th Jun, 2015.

  1. Giswal

    Giswal Giswal

    Joined:
    14th Apr, 2015
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    Location:
    Melbourne, victoria
    Does anyone have any experience in carparks, purchasing then leasing them? Preferably in Melbourne but open to ideas. What are some pros and cons? Whats an effective way to research the return?
     
  2. datto

    datto Member

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    24th Dec, 2010
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    Location:
    sydney, westie - middle class bogan (MCB)
    I saw one on the net a while ago. It was near Kings Cross. It had a decent size storeroom AND a WC. I rang the agent but it was aleady sold. Went for about 110K.

    Agent then tried to flog me an ordinary park spot with no extras but I wasn't interested. I'd only buy one if it had unique features such as storeroom/WC for better yield and resale value.
     
  3. Scott No Mates

    Scott No Mates ...and people wonder why?

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    Datto, what you're describing is the typical King X bedsit with parking ;)
     
  4. bobby85

    bobby85 Member

    Joined:
    22nd Feb, 2012
    Messages:
    81
    Location:
    Enfield
    Sleep on the dunny can?
    I can imagine the advertisement.

    Spacious interior with room for improvement. Close proximity to security car park. Perfect for the single office worker or keen investor.