An outstanding opportunity to secure a 5 bedroom dual occupancy property on a level block of land with lake views.This is a highly sought after position opposite Terrigal Lagoon, within easy walking distance to the heart of Terrigal and only 300m to Wamberal Beach. Currently set up as 2 flats, 3 bedrooms upstairs and 2 bedrooms down, dual street access and returning $410 pw.An ideal investment or re-development opportunity in an area where surrounding homes have exceeded the million dollar mark.