A rare opportunity in a prized Malvern position, this block of twelve apartments on one title offers the astute buyer, investment group or developer the option to further renew, rebuild or retain as is for an immediate income stream with genuine potential for future growth. - 12 one-bedroom apartments with off-street parking - Generous block of land measuring 824sqm (approx.) - ROW access at rear enhances scope for redevelopment - All have light-filled living/dining areas and neat kitchens - Double bedroom in each adjoin ensuite bathrooms - Undercover car spaces, communal laundries on both levels - Current rental return of $160k pa / potential return of $205k pa - Quiet tree-lined cul-de-sac in the heart of Malvern - Moments to local cafés, Malvern Station and Glenferrie Road - Close to Caulfield Park and Monash University (Caulfield)