33/43 Antill Street, Queanbeyan NSW 2620

2 bed | 2 bath | 2 car | rented to May 2026 | small complex | Queanbeyan commuter appeal This unit is competitively positioned by its two car spaces and two bathrooms in a small 33-unit complex, a rare configuration that commands a premium over typical one-park apartments. For a buyer, the existing lease at $550 per week until May 2026 provides immediate income certainty and removes vacancy risk during settlement, making it suitable for investors seeking a low-management entry into the Queanbeyan market. The City Rise complex appeals to professional tenants and downsizers who value secure parking and storage, and the recent April 2025 sale suggests pricing has already adjusted to current conditions, reducing the risk of overpaying on stale data. The primary risk is the gap between the $523,000 valuation estimate and the $545,000–$565,000 asking range, which could mean the property is priced at the top of its segment; buyers should verify recent comparable sales in the building, particularly Unit 20 at $585,000 with a higher rent, to anchor negotiations. The lease lock-in limits short-term owner-occupier use but provides a stable holding period for an investor to refinance after the tenant vacates, potentially capturing capital growth from Queanbeyan’s proximity to Canberra. Hold this property for its rental yield and sell or upgrade when the lease ends, using the two-car advantage as a key differentiator.