Situated on the corner of Ridge Street and Ranclaud Street, Merewether, the property is idyllically located in the heart of the regions premier suburb, and is surrounded by quality amenity including cafes, parks and exceptional education options.
This Torrens title building is situated on 278 square metres* of R2 Low Density Residential zoned land. Improvements comprise of a single storey brick dwelling with a total area of 150 square metres*. The property currently operates as a takeaway shop, and benefits from a separate two bedroom unit which allows for a future diversified income stream (STCA).
Given the existing improvements, holding income from the sitting tenant and irreplaceable location, this outstanding opportunity will appeal to a wide range of buyer groups looking to invest in Merewether.
For Sale by Public Auction | Thursday 21 March 2023 at 10.30am
Ground Floor, 18 Honeysuckle Drive, Newcastle
*Approximate.