Receiver Sale – realestatesource https://www.realestatesource.com.au Commercial and residential property news Tue, 19 Jul 2011 04:00:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Receiver Sale – realestatesource https://www.realestatesource.com.au 32 32 Car Park Near Melbourne Airport Sells For $8 Million https://www.realestatesource.com.au/car-park-near-melbourne-airport-sells-for-8-million/ Tue, 19 Jul 2011 04:00:24 +0000 http://realestatesource.com.au/wordpress/car-park-near-melbourne-airport-sells-for-8-million.html RECEIVERS KordaMentha have recovered just over $8 million from the sale of a multi-level car park near Melbourne Airport.

The four-level commercial complex at 5 South Centre Road (pictured, right) and near the junction of Keilor Park Drive and Sharps Road, sits on a 5217 square metre block and includes about 650 car spaces within 20,000 square metres of enclosed area.

Based on the sale price, each car park bays sold for about $12,300.
]]> 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

]]>