Its Addressed: Attention developers and investors! This is your golden opportunity to secure a prime piece of real estate in the highly sought-after suburb of Malvern East. With a generous land size of 975m² approx., this property offers immense potential for development or investment. What sets this property apart is its incredible development potential. Renowned architects have assessed the site and have indicated the possibility of building 7-8 luxury townhouses or even a luxury boutique apartment building STCA. Imagine the returns you could generate from this strategic investment! The existing residence boasts 5 well-appointed bedrooms, 2 modern bathrooms, and ample parking space for 3 vehicles. Seize this exceptional investment opportunity with a ready-to-lease property that promises lucrative returns and long-term growth potential. Located in the prestigious suburb of Malvern East, this property is surrounded by top-rated schools, cafes and shops, and convenient train, tram, and bus connections all within 5-minute walking distance. Commuting to the CBD is a breeze with easy freeway access just moments away. Don't miss out on this rare chance to secure a property with immense growth prospects. Contact Octavian today to explore the endless possibilities that await you with this remarkable Malvern East gem. "For more Real Estate in Malvern East contact your Area Specialist. Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters."