Wonderful opportunity to secure this highly sought location offering panoramic views of Port Phillip Bay and the city skyline. The existing home offers four bedrooms, two bathrooms, kitchen with adjoining meals area and choice of two living areas. With enormous potential and scope to further improve this property may suit those seeking a more affordable opportunity to enter the market. With the generous allotment of approx 530m2 further townhouse development possibilities (STA) may be a consideration to fully take advantage of this unique yet appealing aspect.