503/99 Jones Street, Ultimo NSW 2007

Warehouse conversion | 96sqm two-bedroom | two bathrooms plus car space | heritage character in Ultimo This property offers a rare configuration in Ultimo: a genuine two-bedroom, two-bathroom apartment with a full car space inside a heritage warehouse conversion. At 96 square metres, it is materially larger than typical new-build apartments in the area, and the dual bathrooms and secure parking create a layout that competes well against both period and modern stock. The Dalgety Square complex sits within a high-demand inner-city corridor close to the CBD, Darling Harbour, and university precincts, which supports strong owner-occupier and investor interest. The heritage character and warehouse scale give it a point of differentiation that should sustain buyer competition in this location. The primary risk is the heritage overlay, which limits scope for structural changes or exterior modifications and may affect insurance or renovation costs. Buyers should confirm any strata restrictions on internal alterations and check the sinking fund for a building of this age. The property is well-positioned for capital growth given its size and parking, but rental yield will likely be moderate relative to price. For an owner-occupier, this is a long-term hold in a tightly held complex; for an investor, the appeal is stable demand from professionals and students rather than high turnover.