1703/116 Bathurst Street, Sydney NSW 2000

| 2-bed CBD high-rise | 91m² internal | 1 car space | Fort Street catchment | Opticomm FTTP | This property offers a rare combination of size and parking in the Sydney CBD high-rise market, where most two-bedroom units trade below 80m² and without a car space. The 91m² internal area provides genuine living space, not a compact layout, and the open car space is a distinct positional advantage in a council area where parking is scarce and adds tangible resale value. The catchment for Fort Street Public School and Inner Sydney High School broadens appeal to professional families, a demographic that typically drives stronger capital stability. The current rent of $1,600 per week sits near the midpoint of the estimated range, indicating the listing is realistic and the property is positioned for consistent tenant demand. This unit best suits a buyer seeking a long-term hold with reliable rental income and a floorplan that competes with newer stock. The primary risk is the building’s tenure profile: 40% of owners have held for under three years and none for more than ten, which suggests a high-turnover environment that can pressure values during market corrections. The recent sale of a similar two-bedroom unit in the same building for $4.25 million at a 1.77% yield signals that larger apartments here can trade at a premium that compresses returns, so the buyer must avoid overpaying relative to the $2.45–2.75 million estimate. The opportunity lies in the 100m² lot and internal area being larger than typical for the price band, which provides a buffer against depreciation from smaller competing units. Hold this property as a core residential investment, not a flip, and let the school catchment and parking scarcity drive long-term value.