16 Patrick Street, Merewether NSW 2291

Capitalise and add indisputable value to this block of flats in sought after beach side suburb.

Consider the following options amongst your own ideas:

Maintain as is. Simple.
Renovate as per the Development Approved plans and keep in your portfolio as a long term cash cow investment in this proven Blue Chip area.
Renovate and consolidate part of the property and make this your principal residence while still maintaining part income.
Bowl it over and keep up with the Jones family and build that flash new pad in Patrick Street.
Consider a dual occupancy subject to our councils approval
A bed and breakfast in Patrick Street Subject to approval.

Needing some tender love and care this block is a rare opportunity to increase current rental return. Currently the apartments collectively return $1,200 a week and this figure has the potential to grow with renovating and some updating assumed.

There are 3 two bedroom units and 1 one bedroom bedsit, lengthy 2 car garage, 2 storage rooms, Unit 4 also features a spacious north east facing balcony.

A captivating lifestyle only moments walk to Junction Shopping, Darby streets vibrant restaurants and bars, scenic Empire Park and popular Bar Beach to Merewether strip.

This block promises carefree beach side living.