1-3/5 Lloyd Street

Merewether NSW 2291

751 m²

Block of units

Currently for sale - view listing

Overview

Often Sought, Seldom Found

Strategic and Prominent, 5 Llyod street presents an excellent opportunity to the astute purchaser. Encompassing three self contained units featuring one bedroom, single bathroom and living room as well as dedicated car spaces. Each unit is blank canvas, however, inviting substantial scope to value add through renovations or simply hold as passive income while your new Development Plans are obtained. Tightly held coastal enclave, the property boasts limitless potential. Key Features Existing three units with passing income circa $1,475 per week with value uplifting potential Land holding some 751m2 fronting Scenic Drive and Lloyd Street. Suitable for a variety of redevelopment opportunities including but not limited to new prestigious homes, multi-dwelling and multi-level buildings (stca) Approximately 45.7m fronting Scenic Drive Zoning: Residential R2 8.5m height limit under planning Location: 4 minutes to Merewether Beach 3 minutes to Merewether Beaches Hotel 3 minutes to Merewether Surf House 3 minutes to Glenrock walking tracks 2 minutes to Rock Pools and Baths 9 minutes to Newcastle CBD Walking distance to lookouts, sporting fields and more. Inviting formal Expressions of Interest by the 4th of December 2026. Blue chip opportunity for coastal sites is rare, contact Jesse Mulligan on 0432 160 186 for the Information Memorandum. DISCLAIMER: All information provided has been obtained from sources we believe to be accurate. However, we cannot guarantee the information is accurate and accept no liability for errors or omissions. (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.