Situated in a prime location, this property has been in the same family for 58 years, and now, this legacy can be passed on for redevelopment or renovation. It offers the opportunity to restore this grand dame to its former glory, transforming it into either one grand home or three separate apartments, or even embark on a complete redevelopment project. - This property includes 1 x 2-bedroom apartment and 3 x 1-bedroom apartments - Generous allotment of land on 673 square meters - Positioned at a prestigious beachfront address, it offers stunning views of St Kilda beach - Options include interior enhancements, redevelopment, or new construction (STCA) - Benefit from a rear lane on title, extending to Spenser Street, enhancing accessibility and appeal. - Rare opportunities like this demand swift action to secure this prime position opposite the scenic St Kilda Marina and Foreshore.