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Melbourne car park near Queen Victoria Market tipped to sell for $120m

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The large car park site at 380 Queen Street, which could support a multi-tower project overlooking Queen Victoria Market, is owned by Singaporean investors.

Already a subscriber?A multi-level car park a stone’s throw away from Melbourne’s popular Queen Victoria Market has been listed for sale, with an asking price of about $120 million by a group of wealthy Singaporean investors.

Also close by is the recently completed LIV Munro Build-to-Rent project featuring 490 apartments by ASX-listed Mirvac and private developer PDG. “380 Queen Street represents a rare opportunity to shape the Queen Victoria Market Precinct’s future, being one of the last CBD sites with the potential for multi tower precinct scheme,” Mr Hay said.

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More than just a market, South Melbourne is a village tooBuilt on the success of the gold rush, South Melbourne has ridden the highs and lows of Victorian history. It’s carved out a place on the edge of the CBD.
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