281 Canterbury Rd 1,959 SF 100% Leased Retail Building Canterbury, VIC 3126 $1,157,920 ($591.07/SF) 4.50% Cap Rate

This two-level character brick office and retail property combines period charm with outstanding long-term potential, making it a rare opportunity in one of Melbourne’s most tightly held suburbs. Situated within the highly regarded Maling Road retail and dining precinct, the property is positioned for strong exposure and connectivity just 200 meters from Canterbury Railway Station.
Offering a generous landholding of 321 m² and a building spanning 182 m², the site features a rare triple street frontage, enhancing accessibility and natural light. Zoned Commercial 2, it allows versatile future use or redevelopment opportunities (STCA). The inclusion of 12 on-site car spaces accessed via a rear laneway delivers exceptional convenience for staff and visitors, a significant advantage in this locale.
Approved plans and permits for future redevelopment broaden the potential for an investor seeking value-add options or an owner-occupier wanting long-term flexibility. Boroondara’s prestigious standing, coupled with the property’s location amid boutique retailers and cafes, ensures strong demand for this asset.