Dual Frontage Victorian With Exciting Scope

Offering an exceptional opportunity with unrivalled positioning in the heart of Albert Park Village, this distinguished Victorian residence combines unmatched potential with compelling lifestyle appeal. With a second frontage and street access to Gatehouse Lane and a prominent position on Victoria Avenue, the property features a studio or shop on land of 200sqm (approx.), along with an upper-level versatile dwelling. This unique setup opens doors to a range of possibilities, whether you envision transforming the entire space into a grand residence or capitalising on the existing layout by residing upstairs and leasing the lower level.<br/><br/>The approximately 50sqm shop area, complemented by an updated kitchen, bathrooms, a private courtyard, double off-street parking and rear access to original stables, offers immediate functionality and ample scope for a bespoke extension (STCA). This prime real estate in NRZ1 zoning ensures a lucrative investment and a dynamic lifestyle in one of Melbourne’s most sought-after locales. Secure your foothold in Albert Park’s vibrant community and capitalise on this impressive property’s limitless potential, metres from the beach, cafes, first-class restaurants, schools and city-bound transport. <br/>Land size: 200sqm (approx).