1008 Botany Rd Mascot NSW 2020

Terrific opportunity to own a single car space at the Sydney Airport Park N Fly.

Strata car space fully leased to Park N Fly, located adjacent to Sydney Airport and is a modern well maintained secure strata 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: $5,172.84, increasing to $5,379.75 in September 2019.

After expenses, annual net income: $4,282.13 increasing to $4,489.04 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

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

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!