Land

MASCOT, Botany Road 1285

1285 Botany Road Mascot, NSW Australia 2020

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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: 27 Aug 2020

Dylan McEvoy

Director

+84869421324

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Last Updated Date: 27 Aug 2020