Already DA approved for 3 townhouses with BA ripe for submission This property is absolutely packed with potential and money making options! The house itself an original two storey beach bungalow with stunning timber floorboards, high ceilings, 6 spacious bedrooms, massive living areas and fitted throughout with gorgeous casement windows and french doors to capture the sea breezes. It is also fully fenced for privacy with a large double shed at the rear and situated on a 493sqm block with fabulous 20 metre wide street frontage all just 300 metres from the beach!  For the HOME OWNER this character filled property is just ripe for a makeover to transform it into the quintessential beachside oasis. Just imagine a life where you are only a few minutes flat walk from the sparkling waters and golden sands of Tugun beach. If you enjoy convenient shopping you have the choice of either crossing the road to the cosmopolitan Tugun Village shops or simply stroll through the beautiful parklands to the local shopping strip adjacent to the Bowls Club. For the INVESTOR this unique property is currently divided into two fully self-contained 3 bedroom dwellings each with their own bathrooms, laundry and kitchens and both renting to excellent tenants for $315 a week each. Do the math and this is an outstanding opportunity to fund a lucrative investment for future capital gain in a location with growing demand. For the DEVELOPER the hard yards have already been done with the site already fully DA approved for three Townhouses and the BA just on ready for submission. Each townhouse is 3 levels and has 3 bedrooms with individual tandem lock up garage. Similar townhouse properties in the area are currently selling in the $530k plus range and with this site so much closer to the beach and shops market appeal should be a winner. An incredible opportunity for anyone thinking outside the box! Call now for an inspection that will inspire!