This is a unit on a lot in 14/DP1873 Mascot NSW. It has an approximate value of $820,000. The local government is Bayside, with 1 bedroom and 1 bathroom.
Fully Leased Mascot Block of Units with Upside 28 Apartments and Shops - 100% LeasedNet Income - $397,012 paOnly Metres from Sydney AirportColliers International have the pleasure in offering 1265-1267 Botany Road, Mascot to the market for sale. This represents a unique opportunity to acquire an exceptionally well-located, block of units in one of the most tightly held markets in Australia, offering potential future redevelopment and upside under the current planning controls.This is your chance to acquire a block of 26 residential units + 2 commercial suites, underpinned by its diverse tenancy mix and scope to add value to the existing improvements. A property of this calibre is extremely rare within Sydneys ever-growing airport precinct.The property also adjoins 1263 Botany Road, Mascot which is also for sale and is made up of a freestanding 218m2 building with yard sitting on a 416m2 level parcel of land.Both properties can be acquired together or separately.1265-1267 Botany Road, Mascot key features: 822m Site area 26 units + 2 commercial tenancies (28 units in total) B4 Mixed use zoning 2:1 FSR 14 Metre height limit Passing rental of $397,012 pa Net Ability to add additional Gross Floor Area to increase return S.T.C.A Average rental of $295per week for each unit which is well below market average Allowable GFA of 1,644m21265-1267 Botany Road Mascot is offered for sale for EOI Closing 4th July 2019 at 2pm.For more information or to arrange an inspection, please contact the below agents:Trent Gallagher0432 242 063