Perfectly positioned directly across the street from Terrigal Lagoon, this generous property presents an excellent opportunity for a holiday home or townhouse redevelopment (STCA). It occupies an extensive 809sqm level block and is just a walk to the beach. - Existing two separate rentals this dwelling ideal as a holiday retreat - Plenty of space to construct a new boutique complex (STCA) - Potential to capture sunlight from a bright north aspect - Scope to capture lush park and lagoon views from upper level - Fantastic option as a family haven or investment opportunity - Ideal for those seeking to add value in prime beachside area - Superb prospect for visionary builders and developers alike - Walk to wide selection of vibrant cafés, restaurants and bars - Close to Terrigal surf club, Erina Fair and public transport - Approximately 90 minutes drive from both Sydney and Newcastle KEY