429,430/1008 Botany Road Mascot NSW 2020

These secure carspaces are situated right next to Sydney Airport, currently leased to Park N Fly under a long-term agreement, making them attractive and secure investment opportunities.

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 and car wash bays. With this lease agreement in place, the purchaser can benefit from a stable income stream.

Benefits:
- Profit From Growth
- Sydney Airport Location
- No Management Fee
- 8 allocated car washing bays
- Park N Fly pay all expense except strata levies and council rates
- Secured and patrolled, well-lit with 24-hour security

Income, last 4 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
2024 was $2886 for 12 months

Council Rates: $196/Q ($784 PA)
Strata Fees: $140/Q ($560 PA)
Net return based on 2024 income $1,542

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

For more details or to arrange an inspection, kindly reach out to Gavin Sanna on 0412 324 224.