Great location with beautiful surroundings, live nightlife and plenty of choices for dining. It's within walking distance to St. Kilda beach, which makes it easy for swimmers or just a stroll around.
The only concern was this place suits no more than 3 guests, although we booked for 4, everything including towels were enough for 2 or maximum 3 guests. The building is also very old, so don't expect a modern apartment.