72/9 Herbert Street, St Leonards NSW 2065

Modern 2-bed layout | Level 18 district views | Pool/gym/spa building | Long-holder profile | Strong rental signals This unit presents a competitively strong proposition within its precinct due to its modern, private split-bedroom layout and expansive views from a high floor, features that are scarce in the broader market of older stock. Its comprehensive building amenities and proven rental demand cater directly to both professional owner-occupiers seeking quality and investors targeting a premium tenant pool, solidifying its position as a lower-turnover property. The primary decision rests on accepting the premium for a high-floor view and full amenities, which translates to higher strata costs and price volatility compared to standard-level units. However, the building’s demonstrated history of long holds and strong rents provides a clear commercial logic for a buy-and-hold strategy, either as a residence or investment. This property is a hold. Recent sales in the building at 9 Herbert Street provide clear benchmarks: – Unit 35: $1.20m after 8 years – Unit 77: $1.33m after 9 years – Unit 66: $1.38m after 4 years These transactions confirm a solid value foundation for two-bedroom configurations, with the subject unit’s level and views positioning it at the upper end of this range. The building’s low turnover, with 55% of owners holding for over a decade, indicates a stable, committed ownership base that supports capital retention.