56 Prince Alfred Parade, Newport, NSW, 2106, Australia

Stripped back to the basics, this multi-level residence presides over panoramic views across Pittwater and the RMYC harbour. Council approved as a bed-and-breakfast with three individual suites in addition to the main living space, it's one of the most versatile opportunities to come to market in years. Set on a private drive adjoining the yacht club, it's definitely ready for a second act � renovate and reconfigure the sprawling floorplan or consider a brand-new design for the 767sqm parcel (STCA). The existing layout could work perfectly as a self-contained, pied-a-terre on the main level for the owners, with guest suites above and below providing an impressive income stream, due to its unique proximity to the Royal Motor Yacht Club.

- Phenomenal Pittwater views and just a stone's throw from the shoreline
- Tri-level with an exceptionally versatile floorplan + three B&B guest suites
- Multiple living areas and waterfront terraces; each level is self-contained
- Practical kitchens on two floors plus a massive amount of storage space
- Primed and ready for renovation; easy access on a level, 767sqm parcel
- Opportunity to start fresh with a new design in a spectacular setting (STCA)
- Three master suites, air con, double carport and ample offstreet parking
- Passive income stream with council-approved guest accommodation
- Adjacent to the Royal Motor Yacht Club, moments to centre of Newport