37 Paxton Street Malvern East VIC 3145

The ideal investment opportunity to purchase a whole block of five (5) oversized Malvern-east flats that are fully-leased & income-producing and a clear refurbishment angle or potential rental uplift for value-add investors.

Plus massive development upside of approved permit for 10 high-end luxury apartments and alternative architectural concept for six (6) large, signature apartments.

Direct street frontage to the idyllic tree-lined Paxton Street.

A location that suits families, young professionals, down-sizers & retirees being only a short walk to vast array of lifestyle amenities: Central Park (450m*), Malvern Road Retail Strip (600m*), St Mary's Primary School (250m*), Darling Train Station (750m*).

Exceptional Malvern East Median House Price Growth of 99%** in just the past five (5) years - almost over double the Melbourne average.

*Approx.

For further information please contact the exclusive sales and marketing agents at CBRE:

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com.au