SOLD

Secure double car space situated in close proximity to Sydney Airport, currently leased to Park N Fly under a long-term profit share agreement, making it an attractive and secure investment opportunity. Share in the profits from the well managed operation. Profits are paid quarterly.

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.

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

Last 3 years income for 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 double car space:
Council Rates: $196/Q for double ($784 PA)
Strata Fees: $140/Q for double ($560 PA)
Net return based on 2023 income $1,552 (Double car space)


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.