SOLD
Sold on 21 Oct 2024 for $20,000

465/1008 Botany Road
Mascot NSW 2020

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 26m2
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Property Details for 465/1008 Botany Rd, Mascot

465/1008 Botany Rd, Mascot is a 0 bedroom, 0 bathroom Car Space. The property has a land size of 26m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 0 bedroom Car Space sold in Mascot in the last 12 months.

Building Type
Car Space
Land Size
26m2
Local Government
Bayside
Lot/Plan
465/SP89744

Last Listing description (October 2024)

This is an extremely well priced investment opportunity. Owner is motivated to sell for under what they bought it for, so make an offer.

These secure double sized carspaces are situated in close proximity to Sydney Airport, currently leased to Park N Fly under a long-term agreement, making it an attractive and secure investment.

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.

Income, last 3 years for a 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 a double car space:
Council Rates: $196/Q for double ($784 PA)
Strata Fees: $140/Q for double ($560 PA)

Net return for 2023 was $1,552 (Double car space)

For more details or to arrange an inspection, kindly reach out to listing agent 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 465/1008 Botany Rd, Mascot, NSW 2020

A timeline of how this property has performed in the market
Last Sold
$20,000
21 Oct 2024
  • 21 Oct 2024
    Sold for $20,000
  • 06 Jun 2024
    Listed for Sale $40,000
  • 01 Sep 2014
    Sold for $113,000

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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 11,918 properties. Over the last 5 years, Houses in Mascot have seen a 35.32% increase in median value, while Units have seen a 1.16% increase. As at 30 November 2024:

  • The median value for Houses in Mascot is $1,812,563 while the median value for Units is $859,522.
  • Houses have a median rent of $938 while Units have a median rent of $950.
There are currently 50 properties listed for sale, and 66 properties listed for rent in Mascot on OnTheHouse. According to CoreLogic's data, 633 properties were sold in the past 12 months in Mascot.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.