Located to embrace panoramic views that stretch uninterrupted across the lake, this versatile property sits a bumper 2104sqm parcel on The Esplanade, an iconic road spanning across Eastern Lake Macquarie's most prestige suburbs. Currently housing four self-contained apartments within one dwelling, this rare opportunity promises a great return for investors, with each home graced with a fusion of mainly contemporary detailing and some classic features, undercover carport and private washing line. A rear shed with combustion fire and bathroom offers future potential as another dwelling (STCA), as does the land at the rear. - Unit 2/226 Currently rental return investment $450 per week - Unit 3/226 Currently rental return investment $440 per week - Unit 4/226 Currently rental return investment $420 per week Displaying countless possibilities to reconfigure back into an inspired family home where Lake Macquarie is the backdrop to daily life, the setting will captivate a range of buyers who love the idea of having the shoreline 50m from home and a cycle way at your fingertips that will take you directly into Warners Bay's celebrated dining precinct. - Original family home reconfigured into four individual apartments - One x 2-bedroom flat with a wrapped alfresco area and carport - Three x 1-bedroom flats, all include a private alfresco balcony - Three of the four flats enjoy a front row view of Lake Macquarie - Each home is modernly appointed, parking for four cars - Huge north-to-rear block with plenty of unused space at the back - Walking distance to Speers Point shops and Pippi's at the Point - 5 minute drive to Warners Bay, 10 minutes to Bunnings and Costco