Both investors & developers will recognise the exceptional potential of this substantial 858m2* allotment in a prized Caulfield North location. Offering immediate rental income together with exciting future scope, the property currently comprises four separately tenanted residences, presenting a rare opportunity to secure a blue-chip investment while exploring future redevelopment possibilities (STCA). At the front of the block sits a charming Edwardian residence that has been divided into two semi-detached homes. Rich in period character, both retain the timeless features that define the era, including original timber floors & soaring ceilings. The first residence has been updated & features an expansive living & dining room, a neatly presented kitchen, a generously proportioned bedroom with built-in robes & a modern bathroom. The adjoining residence, presented in largely original condition, offers two spacious bedrooms & provides excellent scope for further enhancement. At the rear of the property, two additional well presented apartments, one on the ground floor & one above, deliver generous proportions & comfortable living. Each includes timber flooring, spacious living & dining zones, well appointed kitchens with dishwashers & laundry facilities, two bedrooms with built-in robes & modern central bathrooms. Further enhancing the property’s appeal is convenient rear ROW access, a communal garden area for residents to enjoy, shared laundry facilities, a single garage & ample off street parking. Conveniently located in a brilliant lifestyle location just moments from Caulfield Park, Glenferrie & Hawthorn Road shopping strips, Malvern Station & Malvern Central. *Approximate Title Dimensions.