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248 Canterbury Road, Surrey Hills, VIC, 3127

2. Property Highlights

Prime Corner Commercial Freehold With Development Potential
  • Prominent 2 level corner office
  • Substantial C1Z landholding
  • Short-term holding income

Gross Waddell ICR is pleased to present 248 Canterbury Road, Surrey Hills. Situated within the high demand and affluent catchment of Surrey Hills, 248 Canterbury Road occupies a prime corner position and offers unparalleled potential to occupy, invest or develop into a premium mixed-use development (STCA).

• Prominent freestanding two level office building offering 805 sqm* of building area

• Strategically positioned landholding of 892 sqm* of Commercial 1 land (C1Z)

• Short-term holding income of $314,001* net per annum, to the long-standing tenant being Fletchers

• Favourably zoned offering potential development or extension upside (STCA) post lease expiry

• Highly beneficial three (3) street frontages with up to 19 secure lock up or at grade car parking

• Quality fitted office offering the ability to split into multiple tenancies whilst enriching functionality and natural light

• Merely 270 m* to Chatham train station and 500 m* to Canterbury train station, offering exceptional connectivity

• Strategically located in walking distance to the bustling retail and lifestyle destinations including Maling Road and Union Road shopping villages

• Surrey Hill boasts a soaring median house price of $2,410,000 (source REIV) and boasts a number of high quality residential developments

The property is for sale via Expressions of Interest and closes at 3:00 pm on Thursday the 11th of April 2024. For further information or to organise a personalised tour of the property, please contact the team at Gross Waddell ICR directly.

*approx.

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3. Property Location

248 Canterbury Road, Surrey Hills, VIC, 3127

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4. Due Diligence

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