501/298-304 Collins Street, Melbourne, Vic 3000

Perfectly positioned in the heart of Melbourne on the corner of Collins and Elizabeth Streets this classic two bedroom apartment within the iconic Edwardian style `Cashmore on Collins' building constructed in 1903, is brimming with charm, including original Baltic pine floors, a curvaceous step-up bay window and excellent natural light. With splendid views all the way up Collins St from one side, plus vistas over Flinders Street station and the Eureka Tower that glistens gold in the afternoon sun, it is perfectly placed for the quintessential Melbourne experience.

On the fifth floor, the apartment is fresh and light with large, open plan living and dining. With a line of windows framing the perimeter on two sides, there's plenty of light, plus the bay window adds period charm. Separate, the kitchen is modern with granite benches and electric stainless steel appliances, opposite a semi-ensuite stylish bathroom with an adjoining European laundry. Both bedrooms offer generous built-in robes, and the entire apartment is comfortable year round with ducted heating and cooling. There's a storage cage and secure intercom entry.

Stroll through the Block Arcade in moments, or jump on a tram and head to any of the city's best theatres, restaurants and sporting amenities. With such a pedigree address, the opportunities are endless, including leasing it to tourists, living in and soaking up the lifestyle benefits or purchasing as an investment with fantastic rental potential.