Lot 7/1008 Botany Road Mascot NSW 2020

We are pleased to present for sale, Lot 7/1008 Botany Road, Mascot.

This secure 26 sqm approx. double carspace is 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 opportunity.

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 for double car space last 3 years:
2021 was zero for 12 months due to covid
2022 was approx. $1,800 for 12 months
2023 was approx. $2,900 for 12 months

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

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.

Disclaimer: We have in preparing this document, used our best endeavours to ensure that all the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements contained in this document.