Feel the ocean breeze on your face as you open the door of a morning and smell the sea as you watch your new outlook become more beautiful every time you see it. Watching the sunrise and hearing the wave's crash will become your new ambiance. This property is offering a highly sought after and rare waterfront position. Situated with a corner block, this property has a wealth of opportunity for someone looking for the dream home site or an astute investor. The property boasts plenty of potential to redevelop or to build a beautiful dwelling (STCA) whilst also offering a uninterrupted outlook. Showcasing an impressive corner block that with a size of 544m2 with an R2 Residential Zoning, Floor Space Ratio of 0.5:1 and Height Limit of 9m. Opportunities like this in the Illawarra are few and far between and this opportunity is not to be missed. Just over a beautiful 200m walk with the waves beside you meets you with Ruby's Café, directly across the road brings you to Bulli Beach Café, Surf Lifesaving Club, park & reserve, rock pool and the Coastline Cycleway with access to parks, beaches and cafes of Woonona. A 2 minutes' drive takes you to the Memorial Drive Motorway granting access to Wollongong CBD within 17 minutes and a further drive North towards the Illawarra's Northern suburbs and into Sydney. Stroll down to the seaside and enjoy the upcoming sunny days and balmy nights having BBQ's with friends and family and making new unforgettable memories in this stunning location. - Comprised of 2 x 2 bedroom units, this property is generating a combined rental amount of $560.00 per week - Beautiful original features highlighting a relaxed beach lifestyle - Stunning waterfront and beachfront position - Prime location ideal for holiday letting, a new build or a development opportunity (STCA) - Just under 100m from the nearest bus stop allowing for easy travelling to the CBD and surrounding areas. With a wealth of opportunity in a position like no other, this property can be the start of your new project or new life. Living in a position like this and take in your stunning outlook, you can see the sand from your doorstep with some beautiful surrounding scenery; a lovely view of the escarpment and impressive viewpoint of Collins Point. This is an unmissable opportunity and a breathtaking offering!