27/1008 Botany RoadMascot NSW 2020
Property Details for 27/1008 Botany Rd, Mascot
Last Listing description (November 2024)
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:
- 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.
Property History for 27/1008 Botany Rd, Mascot, NSW 2020
- 09 Oct 2024Listed for Sale $25,000
- 04 Oct 2024Sold for $22,000
- 10 Aug 2023Listed for Sale Price reduced $99,000
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About Mascot 2020
The size of Mascot is approximately 12.1 square kilometres. It has 29 parks covering nearly 1.7% of total area. The population of Mascot in 2011 was 10,178 people. By 2016 the population was 14,792 showing a population growth of 45.3% in the area during that time. The predominant age group in Mascot is 20-29 years. Households in Mascot are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Mascot work in a professional occupation. In 2011, 64.6% of the homes in Mascot were owner-occupied compared with 49.5% in 2016.
Mascot has 11,661 properties. Over the last 5 years, Houses in Mascot have seen a 39.02% increase in median value, while Units have seen a 3.08% increase. As at 31 October 2024:
- The median value for Houses in Mascot is $1,830,264 while the median value for Units is $876,053.
- Houses have a median rent of $925 while Units have a median rent of $950.
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