The propety is located in beautiful Golden Beach in Caloundra,Sunshine Coast. It has ocean and Glasshouse Mountain views and is a mere 50 paces to the Ocean. The highest and best permissible business use for this site is a conversion of the approved luxury apartments depicted in the photos to a boutique hotel. An alternative proven cash cow would be to do the 2 storey ezyhome contemporary house extension to the existing structure. This creates about a 10 bedroom backpacker/B and B type building which was approved circa 2008 and incorporates the existing house.Until you are ready to develop the potential of this investment. you can use the 3 unregistered flats + 2 studios and 2 bedrooms at the rear for beach house holiday letting (short term holiday and weekend letting via one of the various websites). The long distance views to Moreton Island and Glasshouse Mountains can never be built out.Locals know Golden Beach is the jewel in the crown of the Sunshine Coast, and only 1 hour drive to Brisbanes CBD.