Currently occupied by two fully self-contained three bedroom residences, this substantial site overlooking the Yarra and within walking distance of the MCG, Entertainment Centre, Melbourne Park, Chapel Street shopping/restaurant precinct is poised to provide developers and investors with one of the area's most tempting opportunities. Significant street frontage and attractive elevation at the rear enhances scope for townhouse or apartment design, STCA, to replace classical current day spaces, securely leased so that an income stream can be enjoyed while plans and proposals are considered. Both apartments feature generous living and dining areas, large bedrooms, evocative original character, polished floors, cedar bathrooms and ample outdoor areas. Plentiful parking in a prime position right by the river which provides nature walks along the river to the Botanic Gardens, the Arts Centre and the city.