512/16-20 Meredith Street, Bankstown NSW 2200

Located just 5 minutes walk from the station (and future Metroline) at Bankstown and the new Western Sydney University Campus, this unit is in the heart of Bankstown CBD. It is on the 5th floor with attractive district views from the two balconies. One balcony comes off the living area, and the other off the master bedroom. It offers 2 big bedrooms, all with built-ins, master with a beautiful ensuite, a spacious open-plan lounge and dining area, and a stylish poly kitchen with stainless steel appliances, granite benchtops, and gas cooking. The main bathroom is modern, and the internal laundry is full-sized, not just a cupboard.

There is a secure side-by-side double car space with plenty of visitor parking. The strata management will allow owners to convert their car spaces to double lock-up garages, and several owners have done so. The approximate cost to do so is between $5K-$7K depending on whether you install remote control entry. This building is across the road from the new Bankstown RSL Club and next door to the Bankstown Police Station.

This unit is vacant but could be rented for $600-$640 per week in the current market. Internal area of 101m2 including the balcony, and 131m2 in total. Strata is $1,118.55 per quarter which is very reasonable for a high-rise building with a lift. This is a great opportunity for first-home buyers and investors. Inspection by appointment is welcome.