1706/653 George Street, Haymarket NSW 2000

High floor east-facing two-bedder in a hotel-licensed building | CBD fringe with strong rental demand | Restricted to serviced-apartment use only This property’s strongest buying case is its position in a well-located, high-floor apartment with city views and a configuration that suits the short-stay market. The east-facing aspect and hotel-style building with 24-hour reception are uncommon for a two-bedroom unit in this price band, and the suburb’s demographic skew toward young professionals supports sustained rental demand. It is best suited to an investor comfortable with managed letting and seeking a higher-yield CBD exposure rather than an owner-occupier. The primary risk is the approved serviced-apartment restriction, which limits owner-occupation and may tie letting to building management rules, reducing flexibility. The flood overlay and likely significant strata levies in a 167-property complex add cost and due diligence requirements. The opportunity lies in the potential for nightly rental income exceeding $100,000 under professional management, which could offset outgoings and deliver a yield above the suburb average of 4.6%, provided the buyer verifies the operator terms and any caps on short-stay days.