During my stay I was already planning a spontaneous trip back to Melbourne to STAY at this exact property.
The location gives you the same high as driving into a shopping car park on Christmas eve, and just driving into an available spot, without having to have stalked numerous people to their car park space for an hour. It's the best location, close to everything that is typically tourist and that's what you want if you're in Melbourne to be THAT tourist. (Hoiser Lane, ACMI, Fed Square etc etc).
It's a LOFT style accommodation with stairs to the bed and stairs to the kitchen and bathroom. Maybe something to consider if stairs aren't your thing in the middle of the night.
One suggestion and this is petty because i'm in front of a keyboard - but maybe having the TV mounted on the wall directly in front of couch would be more comfortable for guests wanting to watch TV. The TV at the moment is just in an odd place. That's not a big deal. Just a suggestion :)