502/209 Castlereagh Street

Sydney NSW 2000

55 m²

56 m²

Apartment

Currently for sale - view listing

Overview

Positioned for Performance | The Castlereagh Advantage

Presenting a bulletproof addition to your property portfolio. Located within the highly acclaimed 'The Castlereagh' complex, this premium 55sqm apartment delivers the ultimate combination of immediate high-yield cash flow and long-term capital growth. With an impressive 5.9% rental return already secured, this asset is tailor-made for the astute investor seeking low-vacancy assurance in Sydney's most supply-constrained rental market. - Secure an immediate, strong 5.9% rental return backed by high, consistent CBD tenant demand - Just 40m to Gadigal Metro, 150m to Museum Station, and 250m to Town Hall and the Light Rail - Features a highly desirable, dedicated study nook perfect for the executive work-from-home market - Modern open-plan layout boasts durable, sleek floorboards, premium appliances and air conditioning - Set in the pulsating heart of Sydney, a mere 40m from Hyde Park and premier dining precincts - Modern building featuring secure intercom access and internal laundry facilities The Financials • Rental Yield: 5.9% approx. • Water Rates: $210 p/q (approx.) • Council Rates: $320 p/q (approx.) Properties with this level of connectivity and immediate yield rarely hit the market. If you are looking to expand your existing residential portfolio, this asset promises effortless management and robust historical growth. Enquire today to receive the contract of sale and rental appraisal breakdown. Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy, and interested parties should rely on their own enquiries.