96/31 - 43 King Street, Sydney NSW 2000

If there is one type of property asset which is driven by supply and demand then car spaces must top that list.

The cost of parking spaces varies throughout the city depending on location and the turnover within each individual development. Parking spaces rarely come up for sale because in most developments they are not on separate title and even when they are vendors keep them - so this represents a fabulous opportunity.

Therefore, it is with pleasure I offer this car space in this highly sought-after location in Sydney CBD. It is located on level 4 within this gated development called The Savoy at 31 - 43 King Street.

According to the Strata Plan 21116 the car space measures 14 square metres.

Plus, it is located on the junction of King Street and Kent Street. According to Google maps this car park is located approximately 490 metres from GPO at Martin Place and less than 500 metres to The Queen Victoria Building.

There are a number of rates and levies to pay when owning individual parking spaces. Prior to signing any contract of sale, I would suggest that dimensions, council rates and parking levies are verified by your lawyers.

According to the State Revenue website the current annual State Parking Levy is $2,490 per annum.

Due to the brilliant location I do expect that there will be a lot of interest in this great car space.