Here it is - a unique development prospect directly opposite the water on Little Street, highlighting two adjacent blocks with a total land size of 1,157sqm, eagerly awaiting your creativity and imaginative touch! Situated directly across from Wallis Lake, this optimal location is a golden prospect for one lucky buyer. Both land parcels carry an R3 medium density residential zoning, permitting the construction of a four storey complex with captivating water vistas or the realization of a lifestyle home you have always dreamt of (STCA). Lot 158 features a 2-bedroom, 1 bathroom home with carport and lot 160 includes a 3 bedroom, 1 bathroom home, each earning a tidy rental income. The option is there to rent both homes out whilst you are planning the process or live in one and rent the other. The central location means you are within an easy stroll to Main Street Forster, where an array of shops, boutiques, restaurants, and cafes line the streets and lakeside. Further down, the famous Forster Main Beach, with its beautiful white sand and public pools await your presence. Features include: - The last of its kind this close to the water! - Two adjacent plots totaling 1157sqm, conveniently situated within a short stroll to all of Forster's stunning attractions - Both homes hold value as a rental investment whilst planning takes place, with a strong rental yield - Approximately 31m of frontage between both properties - Potential for a four storey complex or exquisite lakeside home - 2 separate titles - able to purchase separately or together Call 6554 7666 to talk to our sales team or arrange an inspection today!