This stunning property has been in the same family for 36 years and is an absolute rarity in today's property market. With an approximate frontage of approximately 23m the property enjoys Geelong's best Bay view's capturing the city sky line from its prominent waterfront position. Set on approx. 1257m2 of prime North facing land this flat site is ideal for a multi townhouse development (STCA). The grand old home is in neat original conditional and features a wide entry, high ceilings, open plan kitchen and dining and separate lounges which take advantages of the stunning water view. Ideal for a full renovation and extension, the home has 4 bedrooms, 1 updated bathroom gas heating, split system A/C and separate laundry. A second dwelling or granny flat to the rear of the property features 1 bedroom, open plan kitchen dining and living with split system heating and cooling. Purchase now and rent out both dwellings for future growth, buy and develop the site to its full potential or simply purchase this wonderful property and enjoy the ambience of waterfront living with the extended family. Well kept, the property also includes a large car port, outdoor shedding, 2nd toilet and established vegetable gardens. This wonderful location also offers fantastic access for Melbourne commuters and Geelong CDB.