$3,090,000

Commanding breathtaking river vistas and an absolute water frontage of approximately 19.1 metres on a substantial 1,157m² allotment (approx.), this remarkable riverfront holding presents a rare and exciting opportunity. Comprising two self-contained units and a generously proportioned main residence, the property offers outstanding scope to create a luxury dream home or pursue an elegant redevelopment (STCA). Offered for the first time in 45 years, the property includes two classic Art Deco two-bedroom units within a charming clinker brick building, alongside a three-bedroom, two-bathroom residence featuring a terraced rear garden that flows directly to the river's edge. The two units are immediately comfortable and enjoy either leafy river glimpses or impressive water views, while the impeccably maintained main residence-positioned closest to the river-boasts one of the area's most captivating outlooks. Tranquil and tightly held, the setting feels a world away, yet is located less than seven kilometres from the CBD. Rich in possibility and perfectly positioned, this exceptional offering is moments from transport, parks, schools, the vibrant Union Road shopping and dining precinct, Flemington Racecourse, and Showgrounds Village. ***Townhouse 3 at the rear is currently leased until December 2026 and returning approx $3,910 pcm. ***Apartment 2 is currently leased on a month by month basis returning approx $1,911 pcm.