Transform this run down 1930's cottage set on a premium corner site of 587 square meters more or less. Bring the architect and builder and find out how best to maximise the beautiful views of Hobson Bay. There are some lovely original features including gorgeous decorative plaster ceilings, timber floors and panelled doors.Currently in two flats, the one bedroom flat has views and an easterly aspect on two levels. The two bedroom flat is to the west and is entirely on one level with a deck to the north. What a marvellous opportunity to create a beautiful home in an established part of Parnell among beautifully maintained, character houses. The zoning is "Single House Zone", however with careful planning, the current status of two apartments on the site could be retained.Waste no time to view.