57 Erin Street, Queanbeyan NSW 2620

Property Details: • Type: Block of Units

• Bedrooms: 2 • Bathrooms: 1

Description: Lou Baldan of Blackshaw Queanbeyan & Jerrabomberra proudly presents a rare opportunity to secure a tightly held residential complex at 57 Erin Street, Queanbeyan East. Positioned in a quiet culdesac just moments from the Queanbeyan CBD, this elevated and wellmaintained complex comprises four twobedroom units on a single title. With immediate rental income, no strata fees, and strong longterm growth prospects, this is an investment offering seldom found in today's market. Perfect for investors, SMSFs, or those seeking a lowmaintenance asset in a highdemand location, this property delivers both stability and upside. Key Investment Highlights... - 4 x twobedroom units on one title - No strata fees - Three units currently tenanted (one unit currently vacant, offering valueadd potential) - Quiet, tightly held culdesac - Elevated position with wellmaintained buildings - Strong rental demand close to Queanbeyan CBD - Ideal for portfolio expansion or SMSF acquisition Unit Features... - Openplan kitchen, meals and living area - Two bedrooms with builtin robes - Bathroom with bath, separate shower and internal laundry - Electric cooking and hot water - Gas bayonet - Private balcony for each unit Parking & Storage... - Four tandem garages - Generous storage: two units with substantial internal storage plus additional storage for the remaining two, see details in the floorplan - Additional offstreet parking at the front of the property Land Details... - Approx. 980m² block - R4 High Density Residential zoning Current Rental Details... - Unit 1: Vacant (excellent opportunity to increase yield) - Unit 2: $460 per week Periodic lease - Unit 3: $460 per week Periodic lease - Unit 4: $440 per week Periodic lease Outgoings... - QPRC Rates: $8,948.00 p.a. approx. - Water consumption: approximately $1,900.00 p.a. approx. - Agent Fees: $6,853.00 for the 2024/2025 financial year - Insurance (Rent Cover): $5,720.00 p.a. approx. - Estimated gross income: $95,000 for the 2024/2025 financial year Location 57 Erin Street offers exceptional convenience with easy access to local shops, schools, public transport and the Queanbeyan CBD. The area is known for consistent tenant demand and strong capital growth, making this an attractive longterm investment. Opportunities like this are increasingly rare. Multiunit complexes on a single title, with no strata fees and strong income potential, are tightly held and highly sought after. Secure a solid, futureproof investment in a proven location. For further information or to arrange a private inspection, please contact: Lou Baldan Blackshaw Real Estate 0403 604 888