3/15 Frederick Street

Merewether NSW 2291

In Merewether, it always comes back to location, and this is an investment that keeps paying you back. Just moments from a choice of beautiful beaches and The Junction precincts schools, shopping and dining, 15 Frederick Street brings together four individually strata-titled apartments in a position that's consistently in demand with tenants.The configuration is simple and effective: one one-bedroom and three two-bedroom apartments, each with its own car space. Three are currently leased, with the fourth vacant, returning a combined approximate $118,040 per annum when fully let. It's a reliable income stream from day one, underpinned by a location that rarely struggles for occupancy.All apartments are neat, functional, and easy to rent as is, while still offering scope to enhance over time and lift returns. The individual strata titles add another layer of flexibility, giving investors the option to hold and benefit from long-term growth, or sell down strategically in the future.For tenants, it's an easy choice. The beach is close enough for a morning swim, Darby Street and The Junction cover dining and daily essentials, and the CBD is just minutes away. It's the kind of setting that keeps vacancy low and demand steady, making this a smart, long-game investment in one of Newcastle's most popular coastal suburbs.- 1/15 Frederick St - (1 bed, 1 bath, 1 car)- 2/15 Frederick St (2 bed, 1 bath, 1 car)- 3/15 Frederick St - (2 bed, 1 bath, 1 car)- 4/15 Frederick St - (3 bed, 1 bath, 1 car - 2x storey) Vacant - The Junction Public 300m, St Joseph's 700m, Holy Family Primary 1km- Lingard Private Hospital - 450m- Newcastle Interchange 4km, University of Newcastle 10.2kmDisclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.