1008 Botany Rd Mascot NSW 2020

Rare opportunity to own 1 double car space at the Sydney Airport Park N Fly.

Sydney Airport, Australia’s busiest airport, is booming with travel expected to grow nearly 9% per year.

This strata car space is fully leased to Park N Fly, located adjacent to Sydney Airport and is a modern well maintained secure parking facility.

Park N Fly is a well-established successful operator of parking facilities.

The current lease provides a steady and reliable income.

Gross income $9,036.68 for each double car space increasing to $9,398.15 in September 2019.

Net income of $7,773.89 per car space per year.
Net income Increases to $8,135.35 in September 2019.

These properties feature:
• Annual 3% increases rising to 4% with option renewal in 2019
• Five year lease to Park N Fly from 3/9/2014 with 3 five-year options.
• Park N Fly pay all expense except strata levy’s and council rates
• Car park comprises 9 levels, including 8 allocated car washing bays
• Facility is gated, fenced, patrolled, well-lit and complete with 24-hour security
• Modern car park, built in 1999

Park N Fly strata car spaces represent an established commercial investment ideal for Super Funds or individuals seeking higher commercial property returns.

Enquire today! Will not last!