422, 465/1008 Botany Road,
Mascot, NSW 2020

This is an extremely well priced investment opportunity. Owner is motivated to sell for under what they bought it for, so make an offer.

These secure double sized carspaces are situated in close proximity to Sydney Airport, currently leased to Park N Fly under a long-term agreement, making it an attractive and secure investment.

Park N Fly offers reliable and secure parking services throughout the year for travellers to and from Sydney Airport. They also provide complimentary shuttle services to their customers. With this lease agreement in place, the purchaser can benefit from a stable income stream.

Income, last 3 years for a double car space:
2021 was zero for 12 months due to covid
2022 was approx. $1,800 for 12 months
2023 was $2,896 for 12 months

Even though this is below the pre-covid levels the gradual trajectory is upwards and I'm sure will continue going up.

Outgoings for a double car space:
Council Rates: $196/Q for double ($784 PA)
Strata Fees: $140/Q for double ($560 PA)

Net return for 2023 was $1,552 (Double car space)

For more details or to arrange an inspection, kindly reach out to listing agent Gavin Sanna on 0412 324 2....


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