48/17-27 Rickard Road
Bankstown, NSW 2200

Located in the heart of Bankstown's CBD, this top floor unit offers an exceptional opportunity for first home buyers and investors seeking convenience and long-term growth potential. Just a 10-minute walk from Bankstown Station and the upcoming Metro line, the property is perfectly positioned for easy access to public transport. Additionally, it is only a short 5-minute walk to the new Western Sydney University tower campus, enhancing its appeal for students and professionals alike.

This spacious apartment features two generously sized bedrooms, each equipped with built-in wardrobes, providing ample storage space. The modern bathroom is well-appointed with a separate shower, bathtub, and toilet, catering to both relaxation and practicality. The open plan lounge and dining area is expansive, ideal for entertaining guests or enjoying family time. The kitchen is stylishly designed with polyurethane cabinetry and stainless steel appliances, offering plenty of cupboard space for all your culinary needs.

Additional conveniences include a large internal laundry, split system air-conditioning for year-round comfort, and attractive porcelain tiled flooring throughout the unit. The generous balcony provides attractive district views, perfect for outdoor relaxation or casual dining. The property also includes a single lock-up garage and ample visitor parking, ensuring convenience for residents and guests.

Currently leased at $480 per week, the unit presents a strong rental yield with an estimated market rent of approximately $600 per week. The existing lease runs until 24 May 2026, offering flexibility for investors or those looking to move in with vacant possession at lease end.

Key features of the property include:

• Top floor location with appealing district views
• Two large bedrooms, master with walk-in robe and second with built-in wardrobe
• Spacious open plan lounge and dining area
• Modern polyurethane kitchen with stainless steel appliances
• Contemporary bathroom with separate shower and bathtub
• Internal laundry with ample space
• Split system air-conditioning for comfort
• Porcelain tiled flooring throughout
• Large balcony for outdoor enjoyment
• Single lock-up garage plus visitor parking
• Close proximity to Bankstown Station, future Metro, Western Sydney University, and all CBD amenities

The apartment's internal area including the balcony measures 108 square meters, with a total area including the garage of 125 square meters. The lock-up garage itself is 17 square meters. The well-maintained complex sits on a substantial 11,000 square meter site, which has been rezoned to allow for high-rise residential development up to 10 storeys. This zoning presents exciting future redevelopment potential, offering substantial upside for owners through possible site acquisition and redevelopment.

Outgoings for the property include quarterly strata fees of $831.27, council rates of $429, and water rates of $211.09. These costs reflect the quality and maintenance of the complex and its desirable location.

This unit represents a rare opportunity to secure a spacious, well-located property in Bankstown's CBD with excellent investment and lifestyle prospects. Whether you are a first home buyer, investor, or looking for a convenient city base, this apartment offers a compelling package in a thriving community.