93 Addison Avenue, Lake Illawarra NSW 2528

Option 1. Re-develop
Potential Development site, STCA zone R3 696m2 (approx) level. Located in a very much sought after lake side suburb. Resale of good quality new townhouse and villas are still very good in a very active market where demand outstrips supply.
Option 2. Retain existing House and granny flat as investment
House - A pleasant 2 bedroom single level home. Galley kitchen, separate dining and good size living. Generous size main bedroom good size second bedroom. Plus carport. Current rent $320/W.
Option 3. Live in the house keep the granny flat for teenage retreat. Or convert garage to garage and workshop
Granny Flat 2 bedrooms (needs a bit of work), rent $250/W.
Conveniently located only minutes to Warilla Grove Shopping Centre. Close to schools and transport, this property has lots going for it. More importantly very close to the lake and some of the Illawarra's best beaches.
Lots of options for you to consider. It's worth a look.
Note, material fact, please see agent.