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Scott,do you know what there asking?And the outgoings?
Cheers Spades.
Facts
Address: 1008 Botany Road, Mascot NSW 2000
Location: Adjacent to Sydney Airport
Property Description: Single and Double Tandem tenanted car spaces
Title: Freehold Strata
Price: Single - $57,500 ; Double Tandem - $104,500
Spaces: Single ? 154 ; Double Tandem ? 450
Yield: 6.5% net return
Tenant: Park & Fly Pty Limited
Gross Lease: 5 years with 3 x 5 year lease extension options
Rent Increases: 3% increase each year except on the exercise of option when the increase will be 4%
Sales Process: Private Treaty
Scott,do you know what there asking?And the outgoings?
Cheers Spades.
it's going to take a long time to get a new airport built and operational.
Absolutely.
But it's possible that it could be completed within 20 years. At that stage, the asset you've bought for 6.5% return will be worth very little.
But it's possible that it could be completed within 20 years.