Offering views across Port Phillip Bay, this property presents an exciting opportunity for renovation or re-development (STCA). On a highly sought after hillside location, the massive 1,189m2 (approx) block comes with an existing elevated 3 bedroom home and separate lock up garage. Currently occupied with good tenants and lease up to the 2nd of May 2021 paying $380 per week. The original 3-bedroom home with the possibility to renovate or redevelop or enjoy as is, showcasing traditional details throughout including timber panelling and art deco style wall paper. The living room is filled with natural light opening to the outdoor deck with views across Port Phillip Bay to the City and Mt. Martha. Brand new split systems, ducted gas heating, blinds, freshly painted and new carpets throughout. The garden provides plenty of space for the family cricket match, alternatively add a pool with your new build (stca). Just minutes away the Dromana shopping strip offers a diverse mix of everyday shopping as well as restaurants and cafes, catering for morning breakfasts, leisurely lunches, evening meals and special occasions. With nearby freeway access connecting you to Melbourne, the Eastern suburbs only 35 minutes away this superbly located property holds incredible potential to experience an ideal balanced lifestyle comprising of convenience, culture and recreation.