371 Canterbury Rd

Surrey Hills VIC 3127

820 m²

House

Currently for sale - view listing

Overview

PRIME DUAL-FREEHOLD OPPORTUNITY WITH IMMEDIATE INCOME & UPSIDE (STCA)

A rare chance to secure two adjoining commercial freeholds in one of Melbourne’s most tightly held inner-eastern precincts. 371–373 Canterbury Road, Surrey Hills combines high-exposure Canterbury Road frontage with rear access via Stanley Terrace, offering strong fundamentals today and flexibility for tomorrow. Positioned in a strategic commercial pocket between Box Hill’s activity centre and Melbourne’s inner east, this is an ideal proposition for buyers seeking to invest, occupy, reposition or value-add (STCA)—with the advantage of immediate passing income and outstanding local amenity close by. Key features include: • Two adjoining commercial freeholds offered together: 371 & 373 Canterbury Road • Substantial combined landholding of 820 sqm* • 371 Canterbury Road: 408 sqm* • 373 Canterbury Road: 412 sqm* • Dual frontage to Canterbury Road and Stanley Terrace (rear access) • Current passing income of $60,492 p.a.* • 371 Canterbury Road – improved with a medical practice, returning $26,592 p.a.* • 373 Canterbury Road – 3 bedroom residential, returning $33,900 p.a.* • Prominent exposure with strong pedestrian activity along Canterbury Road • Excellent public transport access, adjacent to Chatham Train Station • Lifestyle and retail amenity within walking distance, including Maling Road (approx. 400m) and Union Road (approx. 800m) retail strips • Versatile future potential to invest, occupy or value-add (STCA) Opportunities of this calibre—side-by-side freeholds, dual access, established income and future optionality—are rarely available in Surrey Hills. *All areas and income figures are approximate and should be independently verified. Sale is subject to contract. (STCA) Subject to Council Approval.