Double car park spaces carry a price tag of $104,500, according to a pitch sent to members of Park & Fly’s Frequent Parker loyalty program which touts a 6.5% net return per annum.
Under strata title ownership each car space could be "bought and sold without restriction" Park & Fly says. "The purchase of a Park & Fly car space presents a never before and likely never again investment opportunity".
Park & Fly Sydney occupies the former Ansett Australia carpark which was snapped up by a group of cashed-up investors when the airline collapsed in 2001.
The company says that car parking spots "both in Australia and globally are in extremely high demand", citing "sales frenzies" for parking spots in Hong Kong.
However, that market seems to have gone off the boil according to Hong Kong newspaper The Standard, which reports that "owners are finding it tough to sell - or even rent out - parking slots, and slashing prices seems to be the only way out."
But if you've got a lazy $60k floating around, click through to stratacarparks.com for more details on the deal.
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