2-4 Union Street, Erskineville

Centrally located in a prominent position on the Erskineville Newtown border, this unique and versatile property offers creative investment, residential or development opportunities. It is currently configured as a four-bedroom residence plus separate council-approved commercial recording studio, providing a great home plus income, a high yielding rental investment or a subdivision and redevelopment opportunity.

Set on a dual access landholding on a double-fronted block, the two-level residence is presented in excellent condition with fresh paint and carpeting throughout, windows on three sides plus a private walled courtyard. There is also a large open living space, gas-equipped kitchen, four bedrooms and a good sized bathroom plus laundry and separate toilet.

The studio to the rear is currently leased and is earning $950/w in rental income. It has its own private entry from Toogood Lane, a state-of-the-art sound proofed workspace plus kitchen and bathroom facilities. Similar rent can be expected from the front part of the property.

There is also future potential to take advantage of the conditional subdivision approval, expand or reconfigure to suit your requirements. The property is of genuine investment grade and is to be sold in one line. It is quietly located within close proximity to Erskineville village, train station and all of Newtown's attractions.