Botany Road Mascot NSW 2020

Terrific opportunity to own 1 or 2 double car spaces 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 is $9,036.68.
After expenses annual net income: $7,752.12

After September 2019 – Gross income is $9,398.15.
Net income: $8,135.36

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!