This commanding property represents an exceptional opportunity to secure an extraordinary parcel of prime real estate with compelling potential. Currently as stands, this 1930's triple brick family residence built for a local doctor, hosts an impressive 12 bedrooms and a floor plan as flexible as your imagination. Shouldering the adjacent Marieville Esplanade, home to both the Derwent Sailing Squadron and the prestigious Royal Yacht Club of Tasmania, the location is unsurpassed. Hobart's premiere schools, The University of Tasmania, medical facilities, shops and services are all readily accessed from this locale. Currently utilised as family home upstairs with provision for student accommodation downstairs, there is scope to refine and expand on this idea, capitalising on the already successful existing model, or perhaps the opportunity to reinstate the property back to a grand family home is what appeals. Architectural plans for further ancillary unit development (STCA) also exist for those interested in exploring such scope. Perhaps the most intriguing option of all as demonstrated in conceptual architectural plans, is the possibility to construct a multi-storey apartment block (STCA). The existing demographic undeniably lends itself to this concept, providing an exciting opportunity for strong investment yield simultaneously addressing Hobart's accommodation demands. Magnificent views to The iconic Derwent River, a sunny, light disposition throughout the upper level, renovated kitchen, and retained character detail, are just some of the further delightful features that combine to enhance this property's already appealing status. Whatever your criteria, this property is worth consideration and a visit to fully appreciate what it has to offer.