Situated in the coastal town of Peterborough on Victorias ever popular Great Ocean Road, is this double storey home which offers the new owners a range of options. This property can either be used as one complete home, or can be separated into two separate dwellings. Downstairs consists of a kitchen, living area, bedroom and bathroom, whilst the upstairs storey has 3 bedrooms, living area, kitchen and bathroom. The upstairs level also offers a large east and north facing balcony, and has beautiful river and partial ocean views. This property sits on a large block, and also comes with a small lock up garden shed on a concrete slab. There is also room to park four vehicles in a carport area which also has loads of storage space for all the holiday essentials. This property provides for a variety of options from an owner occupied home to investment opportunity. With the two separate dwellings this property would also be ideal for holiday accommodation to let out each level separately or to allow an owner to use one level and let out the other. This property is ideally located close to beach, shops, golf course and estuary.