74 Merri Street

Warrnambool VIC 3280

Fantastic opportunity for an upmarket townhouse development or subdivision of 2 large home sites in one of Warrnambool's premier locations. Perched on the crest of the hill with ocean views to the South and City views to the North, the cute c1920 weatherboard home sits on approx 1048m2 (20.12m x 52.12m) of prime real estate, offering many possibilities.
The house has been owned by the same family for over 60 years and has been well looked after over time; while it is quite modest, it is rentable straight away and would provide an income while you were planning your development, or could be sold for relocation. It comprises enclosed verandah, entrance hall, large master bedroom with views, good size second bedroom, front lounge with gas heating (or 3rd bedroom), kitchen & separate meals area, 1 bathroom and laundry with separate toilet and enclosed rear sunroom. There is a long driveway to the house (no garage but room for one), a potting shed & storage shed out the back with second toilet and a good size vegie garden. The original weatherboard exterior has been aluminium clad over the top, so there's no need to paint externally.
If looking for a Central development project, the good news here is that despite the A1 address, the house has no Heritage overlays whatsoever and is not located in a Heritage Precinct. With an established and very stylish 4 townhouse development next door on a slightly smaller block, the precedent is there to create something spectacular with a top-end market to aim at. All amenities are just a short stroll away: direct access to beach, Lake Pertobe, bowling and social clubs, Liebig St and CBD shopping, arts & ents are all within 3 blocks or a 10 minute walk... you are literally in the dress circle centre of Warrnambool.