$30,000

Introducing Lot 29/1008 Botany Road, Mascot, available for sale. We are delighted to present this secure 27 sqm double carspace, strategically located near Sydney Airport. Operated by Park & Fly, under a profit share agreement, which adds to its appeal as a reliable and secure investment opportunity.

Park & Fly is a trusted provider of dependable and secure parking services for travelers to and from Sydney Airport. Their commitment to customer satisfaction includes complimentary shuttle services. By acquiring this property, you can take advantage of a stable income stream facilitated by the existing lease agreement.

Pre-covid income income approx. $11,000* for 12 months

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 :
Council Rates: $196/Q ($784 PA)
Strata Fees: $140/Q ($560 PA)

Net return for 2023 was $1,552


To obtain further information or schedule an inspection, please contact Gavin Sanna at 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.