1-3/5 Frederick Street
Merewether

Savvy Beachside Investment or a Great Block for a New Build

4 3 3

Savvy investors will immediately recognise the current and long-term value of this unique offering in beachside Merewether. All on one title, it comprises three separate apartments and with excellent tenants already in place, you can simply add this property to your investment portfolio and reap the rewards straight away or you may choose to add value with some contemporary updates. Alternatively, seek inspiration from surrounding properties and secure this block to build your dream home. With a guaranteed income stream of $870 per week while you obtain plans and permits for your new build, this property offers wide appeal to investors, renovators and builders alike. The location is superb less than 700m to Empire Park, a choice of beautiful beaches and The Junctions trendy eateries, fashion boutiques and sought-after schools.


- 263sqm block with approximate dimensions of 10.6m x 24.85m
- Unit 1 – ground floor, 2-bedrooms, 1 bathroom returning $300 pw
- Unit 2 – first floor, 1-bedroom, 1-bathroom returning $270pw
- Unit 3 – first floor, 1-bedroom, 1-bathroom with modern updates returning $300pw
- Off-street parking for each apartment plus shared laundry
- Scope for some modern updates to add value and income
- Tucked between the ocean and The Junction's vibrant café and shopping strip as well as an easy stroll to Darby Street, Empire Park and the area's popular schools

Sold

Undisclosed

Features

Details

  • land size approx 263 m2
  • water rates $2,580 py
  • council rates $2,836 py

Available Documents

Your
agents

Michael Flook Real Estate Agent

Michael Flook 

Licensed Property Consultant 

0438 770 426 

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