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10 Ridge Street, Merewether NSW 2291Expressions Of Interest
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10 Ridge Street
Merewether NSW 2291

Expressions Of Interest

212House


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So Many Options, So Close to the Beach

Literally a hop, skip and a jump to Merewether Beach, the ocean baths, bars, cafes and seaside restaurants, Ridge Street has so much within walking distance, that for many, it is almost considered the Nirvana of the "Golden Triangle" of Merewether. So, when properties come up on this prized street, you must be quick to inspect. Not your average offering in this blue-chip location, Ridge Street Takeaway has operated out of the shopfront and attached two-bedroom dwelling here for several years. A tantalising proposition for the astute investor, it comes with 21 months left on an existing lease plus a 3-year option. Currently returning $23,760 pa (inclusive of GST) plus outgoings. Alternatively, the 278sqm corner block with dual frontage to Ranclaud Street offers forward-thinking buyers a range of opportunities for rebuild or development down the track (STCA). A rare unsurpassed opportunity for an owner occupier or savvy investor to secure a versatile property surrounded by tonnes of entertainment and an enviable beach lifestyle right on the doorstep. - Triangular 278sqm corner block with approx. 20.5m frontage to Ridge Street, 33m frontage to Ranclaud Street - Takeaway shop and two-bedroom dwelling on single lease - $1,980pm + outgoings - Options to renovate the unit and offer as two separate tenancies - Offers a range of future options for the forward-thinking buyer - Landbank for now and build your dream beachside home down the track (STCA) - Directly across from Holy Family primary school and approx. 150m to the beach, ocean baths, Beach Hotel, Surfhouse, surf club, Blue Door kiosk

Local market info for Merewether

Data for House based on the past 12 month period
Median growth 35.95%
Median Sold Price $1,800,000
Median Weekly Rent $650
Holy Family Primary SchoolHenry Street Community Pre-SchoolKU - Merewether PreschoolImagine Early Learning & Childcare - Merewether HeightsHamilton South OOSHSt Nicholas OOSH Merewether BeachThe After School Klub MerewetherGo Kindy MerewetherHamilton South Public SchoolMerewether Public School

Homes investor insights on
rental returns

Homes estimates a median rental return of $650 per week for a 2 bedroom House in Merewether.

Yield 0%
Growth Merewether* 0%

* 10 year average annual growth

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