1757-1759 Malvern Road
Glen Iris

This property offers outstanding potential investment options given its generous allotment (796sqm approx) with GRZ-7 zoning. It could be purchased an investment property for rental or by an owner occupier leasing either one of the units; or could be demolished to make way for new apartment development (STCA). The opportunity is further enhanced by an ideal location within moments of the leafy Gardiners Creek wetlands, walking and bike tracks, Hedgeley Dene Gardens, or Glen Iris Park all providing ideal recreation facilities. Plus it is just minutes from a choice of excellent schools, Chadstone Shopping Centre and Cinema. It is few minutes walk to the High st/ city tram line, Glen Iris Station or CityLink provide easy travel options to the CBD.

The property is currently occupied by a classic two-storey brick duplex in excellent condition with the renovated interiors providing almost identical accommodation featuring decorative period ceilings, entrance hall opening to a living room, adjoining dining room two bedrooms, family bathroom, stylish kitchen and individual external laundries. Downstairs has dark stained timber floors whilst the upstairs home is fully-carpeted. Ground floor opening to a paved alfresco area and deep established garden with ample room to enjoy outdoor living and entertaining. Other features include ground floor ducted heating and open fireplace, two lock-up garages, whilst upstairs has reverse cycle air conditioning and a gas heater.