Well it is at the moment. There is currently 10 spaces and room for possibly one more. But then again perhaps you would like to use the 280m2 internal block for another purpose, perhaps storage or warehouse facility (stca.)The car parks currently earn $25 per week and you have virtually no maintenance to undertake and the money just comes in. The sale price of $120,000 means if you have the parks full rent even just the 10 you will earn near to 11% gross- way better than bank interest and your property is appreciating in value as well. Adjust the area to get 11 parks and your return goes to near12%.
No fuss just collect the money – what a buy!!!