Discover the potential of this exceptional property located at 620 Warrigal Road, Malvern East. This registered and licensed rooming house offers a high rental income, making it an ideal development and investment opportunity. Key Features: •Residence Growth Zone: Situated on a corner plot, this property is ideal for development into terrace townhouses (Subject to Council Approval). •Spacious and Well-Maintained Backyard: A generous outdoor space perfect for relaxation and entertainment. •Split System AC/Heating in each room and central ducted Heating: Ensuring comfort all year round. •Disabled Access Bathroom: Thoughtfully designed to cater to all needs with accessibility in mind. Location Highlights: •Walking Distance to Holmesglen Station: Easy access to public transport for convenient commuting. •Nearby Chadstone Shopping Centre: A premier shopping destination just minutes away. •Close to Monash Freeway: Quick and easy access to major roads. •Proximity to Peverill Park and Gardiners Creek Trail: Enjoy nature and outdoor activities with these nearby green spaces. •Markham Reserve: Another fantastic park nearby, perfect for leisure and recreation. •Malvern Valley Public Golf Course: A great spot for golf enthusiasts just around the corner. Don't miss this unique opportunity to secure a property with excellent rental potential and significant development prospects in a prime location. Contact us today to arrange a viewing! Photo ID required for all open inspection.