On a substantial allotment of 443sqm (approx.), this home is ideal for astute builders, developers and investors seeking an outstanding opportunity to renovate, recreate or start afresh close to excellent schools, lifestyle hubs and the seaside (STCA). - Commercial zone 1 enhances the appeal for 3 storey development with sea views - Wide frontage offers scope for luxury townhouse creation - Potential to transform with a contemporary renovation - Northerly orientation ensures rear is bathed in light - Currently comprises adjoining two-bed/one-bed homes - Currently tenanted on a month-to-month basis - Close to a wonderful array of beautiful bayside beaches - Easy stroll to the local delights of Martin Street Village - Buses on the doorstep, Gardenvale Station nearby - Zoned For Elsternwick Primary and Elwood College - Convenient to an array of highly regarded private schools