1-10/31 Mitchell Street, Merewether, NSW 2291

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1-10/31 Mitchell Street, Merewether, NSW 2291-Image

1-10/31 Mitchell Street, Merewether, NSW 2291

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Block Of Units

Type

Bedrooms

Bathrooms

Parkings

1,048 m²

Area

Last updated on Tuesday, June 16, 2026 ( See property details for 1-10/31 Mitchell Street, Merewether, NSW 2291)

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Ben Robinson - Real Estate Agent - Robinson Property - The Junction

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare opportunity to acquire a fully tenanted unit complex in a prime beachside suburb with development potential and excellent cash flow.

🏡 Property Highlights

Prime beachside location just 700m from the beach
Robust multi-tenant cashflow with proven low vacancy
Entire unit complex sold in-one-line for investment stability
Potential for future strata subdivision or development (STCA)
All units feature off-street undercover parking
Rare 1,048sqm site area offering ample space

✨ Key Features

Built-in Robes
Open-Plan Living
Outdoor Area
Garage
Secure Parking
Waterfront / Views
Open-Plan Living
Balcony
External Storage (Shed/Linen)
Waterfront / Views

Suburb and Property Insights of Merewether, NSW 2291

Merewether is a highly sought-after beachside suburb renowned for its vibrant community, stunning coastal scenery, and excellent lifestyle amenities. The area offers easy access to pristine beaches, popular cafes, and recreational facilities, making it ideal for both residents and investors. Its proximity to Newcastle CBD ensures strong connectivity and growth potential. The suburb's relaxed coastal vibe combined with its development-friendly zoning makes it a prime location for future growth. With a proven track record of low vacancy rates, Merewether continues to attract tenants seeking a premium lifestyle by the sea.

Frequently Asked Questions

What is the current occupancy status of the units?

All ten units are currently leased, demonstrating proven low vacancy and strong rental income.

Are there any development restrictions or approvals required for future subdivision?

Future strata subdivision or development is subject to council approval, with existing zoning R2 residential allowing for potential growth.

What are the ongoing maintenance costs for the complex?

Maintenance costs vary depending on the condition of the units, but the property is well-maintained to ensure ongoing tenant satisfaction.

Is there any existing body corporate or strata management in place?

As the units are sold in-one-line on a single title, there is currently no separate strata management; future subdivision may establish a strata scheme.

What are the nearby amenities and lifestyle features?

The property is located just 700m from the beach, with easy access to cafes, shops, parks, and recreational facilities in Merewether.

What to ask about this property to agent?

Are there any existing easements, covenants, or zoning restrictions that could impact future development plans? What are the detailed costs associated with potential strata subdivision or development approval? Are there any known issues with the property's structure, plumbing, or electrical systems? Is there any history of flooding or bushfire risk in the area? Are there any upcoming council or community development projects that could affect the property or neighbourhood?

1-10/31 Mitchell Street, Merewether, NSW 2291 - More Details

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Type: Block Of Units
Bedrooms: 15
Bathrooms: 10
Parkings: 10
Area: 1,048 m²

1-10/31 Mitchell Street, Merewether, NSW 2291 - Point Of Interest

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1-10/31 Mitchell Street, Merewether, NSW 2291

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