Set in a highly sought-after location, this unique property features two art deco-style apartments and a modern townhouse, offering both immediate investment value and potential re-design to create a single residence (subject to council approval). Currently held under a single title, this property provides flexibility in your investment strategy, allowing the option to combine these spaces into a spacious family home. Meticulously maintained and renovated over the years, the property offers ample space for various purposes, such as intergenerational living or a home office.The property comprises two buildings, with the front two-storey structure housing two apartments. Both units feature art deco design with a practical layout with two bedrooms, central bathroom, living room and open plan kitchen/dining and informal living facing north. The ground floor apartment provides access to a courtyard, while the second-floor unit enjoys a private northern balcony.At the rear of the property sits a contemporary two-bedroom townhouse set over three levels with street frontage for Thompson Street and a triple garage. The home features an open-plan kitchen on the second level, along with a bedroom complete with an en suite. Ascend to the third floor to discover the master bedroom, also with en suite, and a balcony that presents stunning city views. Enjoy the added convenience of parking space for three cars.The location places you on the doorstep of Albert Park Lake and MSAC, within walking distance to Clarendon Street, South Melbourne Market, and trams providing access to the central business district.