This is a unique opportunity to secure a great investment in a prime location. Featuring a home & separate studio on the one large block which is just perfect for the extended family or families who want grandma or grandpa to live on site with them, or simply live in the studio whilst you renovate/or re-build your dream home. Both home & studio are currently under lease with income of $905 per week. The lovely elevated sun filled home from the 60's has loads of potential with 2 bedrooms with built-ins, timber floor boards, open plan lounge with some water views to Tomaree headland, air conditioning and an immaculate original pink bathroom plus a single car garage. At the rear of the property with its own side access is a modern brick single level spacious 1 bedroom studio with built-ins, 1 bath, own laundry, with split cycle air conditioning. All set on a fully fenced 647 m2 block close to Shoal Bay beach, Nelson Bay RSL, Little Beach & its boat Ramp. Every care has been taken to verify the accuracy of the information contained in this advertising copy but no warranty (either expressed or implied) is given by Raine & Horne or its agent as to the accuracy of the contents. Purchasers should conduct their own investigations into all matters relating to the proposed purchase of the property.