An enviable lifestyle awaits the lucky purchaser ready to create their dream home in one of districts finest streets in the heart of Albert Park. With a Nil Grading (HO442) this 1970'S style, two storey brick veneer home provides a truly remarkable opportunity to build something special (STCA). This fabulous island site offers two street frontages to Iffla Street and St Vincent Street, comprising: Three bedrooms, two bathrooms, bright functional kitchen, huge step down cellar and front and rear courtyards. Ideal to rent out while you are waiting for planning approval. Features: Existing cross over for future off-street parking. Moments from the iconic St Vincent Gardens, the beach, No 1 city tram and of course the cafe life, bars and popular restaurants nearby in the cosmopolitan village. Don't miss this exceptional rare offering in this fantastic bayside location. Land size: 134sqm (approx). Inspect during scheduled open times or by appointment with the agent. Presented by Cayzer Real Estate Albert Park & Port Melbourne. ALL ENQUIRIES MUST INCLUDE A PHONE NUMBER.