Tightly held in the same family for over 70 years, this unrivalled opportunity to build your dream home, renovate the existing house, or construct a multi development complex (STCA) on this significant wide and symmetrical property is a developer's dream come true! Positioned in a blue chip precinct on the high grounds of the Esplanade, completely flat and set on (925m2) approx of land, the quiet prime address is sure to impress the discerning developer. Existing home comprising of: Three large bedrooms Central bathroom Spacious sun-room which leads to a veranda Lounge with separate dining area Central Kitchen Carport and two rear sheds symmetrical block of 20.1 meters x 46 meters approx Lane-way at the rear The location is astounding and is only short meters to the River, the Maribyrnong Reserve, and St Margaret's Primary School. Walking distance to Highpoint shopping centre, dining and entertainment at the Boathouse Cafe and Anglers Tavern. One street away from the tram and just 8 km to the CBD. Don't miss this once in a lifetime offering!