Car Park Near Melbourne Airport Sells For $8 Million

Compare this to central city rates, where an 861-bay complex in Flinders Street sold in 2007 to billionaire businessman Lloyd Williams and son, Nick, for $60 million, reflecting a rate of almost $70,000 per bay.

The Tullamarine asset, built in about 2006, was offered for sale or lease in February this year. Colliers International’s Jeremy Gruzewski and Matthew Stagg, with CB Richard Ellis’ Scott Orchard and Dean Hunt were the marketing agents

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of