61 Ridge Street, Merewether, NSW 2291

Creating a sensational opportunity within one of Newcastle's most desirable beachside suburbs, this property consists of five side-by-side units on a generous 522sqm. parcel, enviably positioned just 450m back from the beach. Long held by one owner, the units are well-maintained within their original condition, delivering a practical layout. Whether you choose to renovate, leave the units as is, or knock down and rebuild, there is just so much potential here in a truly incredible location. With the bakery right next door, it's a short stroll down to the beach, ocean baths and the ever-popular Merewether Surfhouse. For a dazzling selection of dining options, The Junction and Darby Street are moments away, with the rest of Newcastle's vibrant CBD just beyond. This is one opportunity you simply cannot afford to miss!

* Five one-bedroom units on 522sqm. parcel perfectly positioned within relaxed coastal setting

* Leave as is, renovate or knock down and rebuild (SCTA) to really make the most of this remarkable position

* Units sit side-by-side, with units 1-3 on ground level, and 4 & 5 above five-car carport

* Interior features kitchen overlooking open-plan, balcony, robed bedroom and bathroom

* Handy built-in storage in entry hall

* One covered carport per unit

* Located next to the bakery and coffee shop

* Just 450m from Merewether Beach and ocean baths

* Popular Beach Hotel and Mereweather Surfhouse and Beach Bar an easy stroll away

* Nearby access to the start of Yuerlarbah Track to explore Glenrock Reserve

* Dining and shopping opportunities nearby in The Junction and Darby Street

* Major shopping at Marketown and Westfield Kotara

* Around five minutes' drive to central Newcastle's shops, restaurants and small bar scene

Council Rates: $4,427 PA approx

Water Rates: $3,870 + Usage PA approx

Rental Potential: $1,750 PW approx