The phone enquiry code for this property is - 3508 First time available for sale in more than half a century, you will soon see why it has been kept in the family for so long when you arrive via the quiet laneway that is Little Gahan Street. Set on a large 1941m2 block in the heart of the unique Pambula Village with dual access and R3 Medium Density Residential zoning this will be hot property for the astute home buyer or investor - Where else can you get prime development potential in the centre of town like this? The original 2 bedroom cottage and recently added council approved granny flat are currently well tenanted with leases on a month to month basis ready for the new owners to either renew or move in themselves while mulling over the immense opportunities this property offers! The original cottage has a previous DA approval for a renovation to 3 bedrooms which has lapsed but could easily be re-submitted and plans can be provided to the new owners. The cottage is 2 bedroom, 1 bathroom, separate toilet and laundry with 2 car lock-up garage, 2 bay carport and fully fenced house yard. The 4 bay shed includes the fully approved 1 bedroom granny flat and the remaining 3 bay shed for your workshop or storage needs. The granny flat is accessed from the 2nd access on the Princes Highway, while the main house is accessed from Little Gahan Street allowing privacy for each tenant, maintaining dual access for future development. The large yard with access off Princes Highway is perfect for off street parking of boats, trucks, trailers, or even enough space to build a new home or develop into units, with a multi-unit feasibility Report already completed. Walking distance is the heart of the vibrant Pambula Village with it's relaxed vibe, coffee shops, supermarket, and boutique shops. The pristine sand and surf of Pambula Beach is a hop, skip, and a jump away! Located in the centre of the Bega Valley, Pambula offers access to a variety of schools, with the Pambula Public School just across the road and Lumen Christi Catholic College 5 mins down the road at Pambula Beach allowing the kids to walk or ride to either school. Pambula Hospital is a short walk away, and the South East Regional Hospital at Bega is 25 minutes drive by car. Revel in the coastal air, sunshine and all the peace and quiet that comes with living in a charming village while still having access to all you need, including an airport 5 minutes away with daily flights to both Sydney & Melbourne ! Ideal for those looking to make the sea change and work from home with the ability to FIFO to the cities when needed! Have the best of both worlds! Too good to pass up - Live, Develop, invest or a mixture of all? The choice really is all yours!