A rare and exciting opportunity exists in a prized location, this unique dual level property occupies an incredible 1,290sqm land holding with sweeping Port Hacking River views.Currently comprising two separate title residences to be sold-in-one-line, it represents an outstanding prospect for extended/blended families, developers and investors, with the option to receive extra passive income or to knock-down and rebuild a brand new waterfront masterpiece (STCA).Main residence features a vast layout with both formal and informal living areas opening to an array of sun-drenched view-swept balconies as well as a modern kitchen and six generous bedrooms. Apartment two comprises open plan living/dining areas, and three well-proportioned bedrooms. Apartment 3 is a one bedroom self-contained unit, with a tidy kitchen and combined living and dining area.Further highlights include a sparkling swimming pool, a double carport and a circular driveway with additional off-street parking for three cars. The property boasts a massive 27.5m frontage with direct waterfront access with slip rails at the water's edge.Potential YieldsResidence One | $2000 per week approx.Apartment 2 | $600 per week approx.Apartment 3 | $350 per week approx.Entire residence if it were to be rented | $3000 per week approx.• Unique opportunity with boundless potential/possibilities• Two separate apartments perfect for blended families• Outstanding investment, receive extra passive income• Option to rebuild brand new waterfront masterpiece (STCA)• Swimming pool, double carport, additional off-street parkingExplore the possibilities to capitalise on its blue-ribbon Caringbah South location, within close proximity of a selection of buses, schools, parks and popular dining spots, while moments to beaches, Caringbah shopping precinct and the station.