Nearest parking is in the Quarry Park at N52 06.181 W2 20.627 (Charge currently £3 for the whole day) but you could park in the layby across the road from the Hayslad spring on the road at N52 06.146 W2 20.653.
Hayslad spring is one of the most popular sites where people fill up their plastic containers with genuine Malvern spring water and at the weekend there's sometimes a continuous stream of cars parking and leaving from the layby.
The cache location is a little higher up the hillside and there's plenty of room in the higher carpark. It's a good spot for walking, picnicing and admiring the extensive views westwards towards Hereford and the Welsh hills.