The land size and rear access to Mary Street are just the beginning when you look into this once in a lifetime opportunity. The potential for uplift in the more immediate returns of $136,000 (approx.) once fully let, or a refurbishment and more substantial increase to circa $150,000 are attractive possibilities. The investment credentials are bolstered further by the prospect of further development (STCA), with high-end residential and/or medical options at the top of the list. An art-deco apartment block of eight oversized one-bedrooms like this is rare enough, rarer still is one with non-contributory historic significance. In fact, the only key consideration is where the trees are and will be, to ensure you add to the beauty of the tree-lined Avenue this block sits within. An advance Private Hospital with 152 beds is just across the road, while Melbourne Orthopeadic Group is adjacent on the Southern side. I know what you are thinking, it sounds exciting, but just wait until you dig a little deeper. A drive-by along The Avenue will convince you of the incredible appeal of the location, a quick walk around the back will show you just how good the rear access and Mary Street boundary is and no doubt that the feasability will culminate in attractive returns, with low risk attached. Now you are probably thinking this is all too good to be true, and it could be …but if I'm right it has to be worth your time and due diligence to find out for sure.