Positioned to take full advantage of its proximity to the Capel Foreshore, cafes and restaurants this unique development opportunity (STCA) is guaranteed to generate an excellent return. The property offers several options, continue with current tenancy returning a rental of $1,257 per calendar month, move in or add improvements or further renovate the home, or redevelop the site (S.T.C.A), for 2 town houses or an additional dwelling. The property offers, three bedrooms, modern central bathroom, separate laundry with second shower and WC. Light filled living and kitchen area. If you are looking for a holiday home for now with potential for growth/opportunity in the future then this property offers you this with plenty of room for now for the kids to play, boats and jetski. The land size is approx. 730m2. Call now for further information and capitalise on the full potential of this excellent opportunity.