Commanding a prominent corner position in the heart of vibrant South Melbourne, this well exposed, highly versatile property presents an exciting opportunity with exceptional potential. Ideal for investors, owner occupiers or business operators, it offers the flexibility to use as either a residential or commercial premises with the ability to renovate to your specific needs (STCA) while benefiting from strong visibility & consistent pedestrian traffic. This street fronted two-storey Victorian terrace with a charming façade & rich in period detail delivers a flexible floorplan. The ground floor features a generously proportioned front room with timber floors, high ceilings, ornate cornices & arched windows, it would make an ideal space for a shopfront, reception area, showroom or living room. This leads through to a second substantial room suitable as a conference room, office or dining room. Towards the rear, a large kitchen zone with room for a casual meals area offers excellent scope for contemporary enhancement & enjoys access to a privately enclosed courtyard. Additional ground floor features include a generous storage room/pantry & under stair storage. Upstairs, a split-level floorplan reveals three versatile rooms that could function as bedrooms, consulting rooms or offices, along with a powder room & the option to incorporate a full bathroom should residential use be desired (STCA). Other features include split system heating/cooling & rear parking for up to four cars. This exciting opportunityis situated close to all the iconic South Melbourne landmarks, popular local cafes, restaurants, transport as well as all major arterials.