1285 Botany Road, Mascot, NSW, 2020

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.

Remember to mention you found this property on CommercialReady.com.au