The building is divided into two spacious apartments!

* Two-bedroom, one-bathroom home on the ground floor.
* Four-bedroom, one-bathroom home upstairs.

Lots of options including live down and rent upstairs for $800-850 per week.

Each has its own entrance and they're divided by a fire door - a false wall can be easily inserted to remove any trace of the door.

Either one can be rented out while the other is lived in, or the separate dwellings provide the ideal opportunity for extended families to live close, yet independently from one another. Alternatively, the home can be utilised as a large, six-bedroom family haven.

This landmark Cheltenham property presents an extraordinary opportunity for living and working at the heart of Devonport.

Business - Neighbourhood Centre zoning also means that options can be explored for running a business downstairs, while you live upstairs. The layout perfectly lends itself to a boutique office premises. The possibilities are endless here to significantly supplement your mortgage with rental income, work from home or cater to multigenerational living with ease.

Crafted in the late 1800s, the much-admired building was one of the earliest corner shops in Devonport and remained so until the 1980s, when it became a private residence. Known locally as Domain Dairy, it takes pride of place as a feature on the Heritage Walks of Devonport. A wonderful world of period detailing has been retained and restored over time. Gleaming timber floors, high batten ceilings and colourful stained glass add to the ambiance, while classic white shutters provide privacy and heat pumps ensure all-year-round temperature control.

Cheltenham beach, Devonport Domain and North Head are just footsteps away, with the village and CBD a pleasant stroll along the waterfront.