411/82 Bay Street, Botany NSW 2019

North facing balcony | dual tandem parking | long term tenant in place | flood overlay flagged The case for buying 411/82 Bay Street rests on configuration and income. Two parking spaces in a Botany complex, particularly tandem with storage, are genuinely rare and underpin long term appeal for owner occupiers and investors alike. The north aspect and open views from level 4 give it a livability edge over many units in the building, while the existing tenant at $800 weekly provides immediate cover. The complex itself, with rooftop terrace and landscaped grounds, competes well against newer stock. This unit suits a buyer wanting walk in income with optionality to occupy later, or a downsizer who values parking and light. The flood risk detected on the planning overlay is the material concern, it may affect insurance premiums and resale pool, though no history of inundation is recorded. Comparable sales in the complex show flat to modest growth, with one unit holding 9 years for only 1.16% annualised, so capital gains should not be assumed. The opportunity lies in the rental yield, estimated near 5.5%, and the tenant’s desire to stay removes vacancy risk. Hold this property for cashflow, not speculation, and review the flood overlay before exchange.