109-111 Harrington St - Quay West Car Park 53,819 SF Specialty Building Offered For Sale in THE ROCKS, NSW 2000

Quay West Car Park offers a rare investment opportunity within the core Sydney CBD precinct. This standalone 598-bay car park is strategically located near Circular Quay and The Rocks, placing it at the heart of one of Sydney’s most vibrant and sought-after destinations. The facility benefits from high visibility and access to major commercial and hospitality developments, including the completion of premium projects such as One Circular Quay Residences, Waldorf Astoria, and 55 Pitt Street, which significantly enhance demand drivers for secure car parking in the area.
Wilson Parking, a global leader in parking management services, anchors the tenancy, providing a superior covenant with 92% of income derived from this operator. The property offers exceptional income security with 100% occupancy and a 9-year WALE. Minimal capital expenditure obligations and limited tenant incentives ensure consistent net effective yields. Furthermore, the historic and ongoing reduction of car park supply in Sydney CBD due to planning restrictions amplifies the asset’s strategic appeal and long-term value appreciation potential. This acquisition positions investors to benefit from resilient cash flow and strong growth prospects in a high-demand, supply-constrained environment.