Land

MASCOT, Botany Road 1285

1285 Botany Road Mascot, NSW Australia 2020
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Asking Price Contact for pricing
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NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1980
Land Area ()
Number of units 35

Property Description

JLL has been exclusively appointed to offer for sale the Sydney Airport Suites, located at 1285 Botany Road, Mascot.


Key property and investment highlights:  

  • Featuring 35 fully furnished apartments comprising 3 x two-bedroom, 24 x one-bedroom and 8 studio apartments, along with 26 car parking spaces
  • Comprehensive progressive renovation program with recent upgrades to bathrooms, kitchens and furniture
  • Substantial 1,063 sqm (approx.) freehold site offering two street frontages and excellent exposure to Botany Road and Wentworth Avenue, and a total building area of 3,055sqm (approx.)
  • Flexible B4 Mixed Use Zoning
  • Current approval to convert top floor apartments to residential use
  • Potential for full residential conversion, short term accommodation or long term accommodation uses such as student accommodation or co-living (STCA)
  • Strategically positioned to benefit from Sydney Airport, Australia's busiest airport attracting around 45 million passenger movements during 2018 and the Port of Botany Australia’s busiest shipping port
  • Currently operated by AEA Hotels, available with vacant possession or continued management 


This sale represents a rare opportunity to enter the Sydney investment market through an asset with excellent business and real estate fundamentals, together with sizeable future repositioning potential.

Investment Highlights

• Fully furnished and equipped with a kitchen in each apartment

• Internal laundry

• Undercover parking for 26 vehicles

Last Updated Date: 02 Nov 2020
Dylan McEvoy
Director

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Last Updated Date: 02 Nov 2020

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