Circa 1880, this grand Victorian Italianate semi-detached home is one of the oldest buildings in Elizabeth Bay.

Currently divided into two wonderfully spacious two and three bedroom apartments and a one bedroom garden flat in completely original condition, it begs full restoration or transformation into one spectacular single six bedroom home of magnificent proportions.

Set on an approximate 500sqm parcel of land in the exclusive Elizabeth Bay loop, it’s part of the original land grant to local identity Alexander Macleay in 1831.

The highlight of the two main apartments is the two regal double reception rooms, each with open fire places and opening onto front and rear lacework balconies.

The building is characterised by a range of gracious traditional features including a distinctive Italianate style tower, soaring ceilings and wide floorboards.

Sandstone flagged terraces surround the rear, presided over towering bamboo and tropical palms. There is also a prized lock up garage.

It presents an absolutely rare and unique opportunity to create what is potentially one of Elizabeth Bay’s most substantial and impressive residences. Alternatively it will be of great appeal to investors or those seeking a unique home and income opportunity.

First time offered in more than 80 years.