Less than 250m from the sand and surf on two separate lots of approximately 700sqms each, this long-held family home presents as a blue-chip real estate opportunity of rare size and location. The under-capitalised landholding offers families and builders the chance to create two executive style beachside homes, or one magnificent trophy property with enough room for a pool and tennis court. Alternatively, property developers could consolidate both lots, subdivide and build up to eight or nine townhouse style dwellings, all subject to approval from Newcastle City Council.

Treasured by the same family since 1969 and on offer for only the second time, the period brick home spans both blocks. With high ceilings, large rooms and 4-bedroom plus study accommodation, it's an immensely comfortable home to live in or rent out whilst plans are being approved.

The icing on the cake is the amazing lifestyle location where you can stroll to Merewether beach in under five minutes, swim in the ocean baths, master the surf breaks or enjoy dinner or a drink at the Surfhouse.

- Single level double brick period home on north facing double block totalling 1,406sqm
- Approximate land dimensions of 30.8m x 45.6m
- Formal lounge and dining rooms, kitchen and breakfast room plus TV room
- Four generously sized bedrooms plus study, two bathrooms
- Double garage with loft above
- Level block allows straightforward and easy access for building
- Enjoy the potential of the massive block to create an incredible family home, two executive style homes or multiple dwellings (STCA)