1 Dixon Street Sydney

The property is a strata titled car park comprising 93 car spaces within the building known as 1 Dixon Street Sydney. This building is the  gateway site to Chinatown. It holds the Chinatown monorail station, a shopping arcade over 3 levels and a hotel complex as well as residential apartments.

The carpark is ideally situated opposite the Sydney Entertainment Centre and its proximity to Darling Harbour, Chinatown stimulates demand for the carpark.

The property is leased for ten years to Accord Pacific Properties Pty Ltd commencing on 30 March 2007. Two further option periods of five years are also encompassed within the lease.

As Sydney City Council limits the cark park supply within Sydney’s CBD, the outlook for car parking remains positive with ultimate performance a reflection of the city’s employment growth, retail turnover and the provision of services within walking distance of the carpark.