414/16-20 Smail Street, Ultimo NSW 2007

East-facing fourth floor | study nook + storage cage | tenanted at $785pw | Broadway precinct proximity This unit presents a competitively strong offering within the sought-after Fusion complex, distinguished by its efficient 59m² layout that incorporates a separate study nook and a storage cage-features that add tangible utility over basic one-bedroom apartments. Its easterly aspect on the fourth floor ensures good natural light, while the established rental income signals solid inner-city demand. This property best serves an investor seeking a low-maintenance entry into a tightly held complex with strong amenity, or an owner-occupier valuing the functional space and secure building with onsite management. Proceed with the heritage overlay in mind, as it may constrain future renovation potential and requires due diligence. The recent sale price from January 2026, while not a direct comparable, suggests a transacted history. The current asking range appears positioned against market estimates, presenting a reasonable entry point. Acquire this as a long-term hold to benefit from rental demand driven by the university and transport proximity, accepting that strata costs are the primary ongoing outlay.