Here is a wonderful opportunity to own an iconic and much-loved part of Carlton North's heritage. This landmark shopfront with a separate 2 bedroom residence above (both separately tenanted and returning $78,000 in total approx.) is an integral part of Rathdowne Street's rich heritage landscape and now provides a rare chance for investors, legacy buyers and business owners alike to call this very special piece of real estate their own. A much-loved local institution for the best part of 30 years, with its imposing Victorian facade, "Alice's Bookshop" occupies the entire ground floor (87sqm and invites you into its quirky shopfront with its original sidewalk awning and period veranda. Packed to the rafters with an astonishing array of books, the generous floorplan comprises retail and/or office space handily segmented, smaller rear office/storeroom along with private kitchenette, WC and rear storeroom. Accessed via Henry Street (off Newry St), a charming treasure waits upstairs, complementing the narrative perfectly. A two bedroom (87sqm) 'London Style' period residence with grand proportions, original fireplaces and elegant Victorian decoration provides an inner-city haven of light and space. Two well-proportioned and sunlit bedrooms (Both with BIRs, second bedroom with private Juliet balcony) a bright, sky-lit central bathroom and a colonial style kitchen/dining area boasts access to through a gantry ladder revealing a spectacular rooftop terrace - wonderfully private and fully decked with elevated neighbourhood views. (12sqm) Adding to the home incredible uniqueness is the enormous living room, resplendent with elegant period features, including arched Victorian windows overlooking Rathdowne St and its shade-giving Plane Tree's. Gas heating and ducted evaporative cooling cater for all-seasons comfort & enjoyment. Immersed in the very heart of Rathdowne Street Village's renowned cafes & shopping precinct and moments from Carlton North Primary School & Library, the leafy surrounds of Curtain Square also lie just across the street. Tram and Bus lines aplenty whisk you quickly to all major institutions and the CBD, the Eastern Freeway just a whisper away also. Property holding of this type is extremely sought after and seldom changes hands in this tightly held area. This property has appeared on the market only once in the last 80+ years. A once-in-a- lifetime opportunity awaits! Nelson Alexander Pty Ltd