Built in 1962 and being offered for sale for the very first time, this expansive and solid 3 storey residence enjoys a sun-drenched Northerly aspect and a tranquil, leafy setting adjoining the waterfront reserve.Set on a generous 657m block and bursting with potential to either undertake a minor upgrade, do a major renovation, or simply build your dream home in this superb location - the choice is yours.The current accommodation allows for up to 6 bedrooms, 3 bathrooms, 2 living areas and a family room all on different levels of the home. There is a kitchen and separate laundry room along with huge under-house storage with wine cellar capacity.The home opens out to an enormous 90m entertaining terrace which enjoys all day sun along with its peaceful bushland setting and water views into Sailors Bay.Off street parking is available for 2 vehicles with potential for a double carport to be built at the front (STCA).This is a land value opportunity with huge scope to improve and capitalise on this solid residence, sunny aspect and exceptional location.Council rates $401.00 p/qWater rates $172.04 p/qAuction: Saturday 29th June 2019 on-site at 11.00amBEST TO PARK IN ROCKLEY STREET WHEN COMING TO INSPECT THIS PROPERTY.