33 Morgan Street, Merewether NSW 2291

This is the kind of exciting real estate prospect that doesn't come along every day. Sitting on a 505.9sqm corner block with dual frontage to desirable Berner Street and zoned R3 Medium Density, this property offers immense potential. Whether you're looking for a home with income, a dual income investment, or most exciting of all, a potential-packed opportunity for developers, this block is sure to capture your imagination.

The current dual-level building holds two units on one title. Downstairs, the owners have created a beautifully renovated three-bedroom, two-bathroom home, while upstairs, the original four-bedroom, two-bathroom unit provides a steady rental income.

With options aplenty, you could continue living in the stylish downstairs space while keeping that income stream flowing from the upstairs unit. Alternatively, rent out both for dual income, or renovate upstairs to maximise the rental potential, or make it your own. But what really sets this property apart is the sheer potential for developers. A rare corner block of this size and zoning opens the door to designing multiple dwellings or perhaps a luxurious duplex (STCA).

And then there's the lifestyle. Nestled in the heart of Merewether, you'll have your pick of sun, surf, and sand. A quick 1km run will land you at either Dixon Park Beach or Merewether Beach. For socialising, you've got The Beach Hotel, The Prince, and Mary Ellen just around the corner, plus easy access to The Junction for shopping and dining.

- 20.12m frontage to Morgan Street, 25.25m frontage to Berner Street
- Zoned R3 Medium Density Residential
- Fully renovated 3-bed, 2-bath, 2-parking on ground floor
- Original 4-bed, 2-bath, 1-parking upstairs, currently returning $620pw
- The Junction Public School & St Joseph's Primary – 1km
- Llewellyn Street shops – 500m

Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.