Investors and developers take note! Location, location, location ..... a unique opportunity to purchase a freehold complex within easy level walking distance of Merimbula school, Spencer Park, cafe's, restaurants, shops, clubs, lake and beach. Currently hosting 4 x 2 bedroom and 1 x 3 bedroom freestanding villa's all on 1 title and all tenanted. Zoned R3 medium density on a large 1707m2 (approx) there are a multitude of options to consider ... renovate, re-develop, strata title (STCA) or just hold on to and reap the long term rewards of purchasing this freehold complex in a prime Merimbula location. Block dimensions 21m x 85m (approx).