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516 Canterbury Rd 0.05 Acres of Commercial Land Offered at $282,243 in Vermont, VIC 3133
Investment Highlights
- Commercial 1 Zoning supporting a wide range of allowable uses (STCA).
- Strategic access to major transport routes and public transportation nodes.
- High-visibility frontage along Canterbury Road with strong daily traffic volumes.
Executive Summary
516 Canterbury Road offers a rare acquisition opportunity along Vermont’s tightly held Canterbury Road commercial corridor. Positioned for maximum exposure to one of Melbourne’s most heavily trafficked arterials, this site is well-suited for investors and future developers seeking both income security and long-term upside.
The property encompasses a Commercial 1 Zone landholding with approximately 190 sqm, creating flexibility for diverse commercial applications (STCA). A secured tenancy provides immediate rental income of $19,500 plus GST with fixed 4% annual increases and a 3 + 3-year lease structure, reinforcing the property’s appeal as a low-risk entry point for investors.
Exceptional connectivity characterizes the location with direct access to major arterials, proximity to Vermont South Shopping Centre, and Nunawading Railway Station nearby. Surrounding retail, childcare, and education amenities underscore the high-demand nature of this eastern suburbs pocket. With sustained demand for infill development across Melbourne’s east, this asset presents both holding income and future redevelopment potential.
The property encompasses a Commercial 1 Zone landholding with approximately 190 sqm, creating flexibility for diverse commercial applications (STCA). A secured tenancy provides immediate rental income of $19,500 plus GST with fixed 4% annual increases and a 3 + 3-year lease structure, reinforcing the property’s appeal as a low-risk entry point for investors.
Exceptional connectivity characterizes the location with direct access to major arterials, proximity to Vermont South Shopping Centre, and Nunawading Railway Station nearby. Surrounding retail, childcare, and education amenities underscore the high-demand nature of this eastern suburbs pocket. With sustained demand for infill development across Melbourne’s east, this asset presents both holding income and future redevelopment potential.
Property Facts
| Price | $282,243 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.05 AC |
| Price | $282,243 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.05 AC |
1 Lot Available
Lot
| Price | $282,243 | Lot Size | 0.05 AC |
| Price Per AC | $6,011,565.58 |
| Price | $282,243 |
| Price Per AC | $6,011,565.58 |
| Lot Size | 0.05 AC |
Description
516 Canterbury Road is located within the municipality of Whitehorse in Melbourne’s eastern suburbs. The property comprises a small commercial parcel fronting Canterbury Road, a major arterial providing regional connectivity. It is within walking distance of local bus services and approximately 2.1 kilometers from Nunawading Railway Station. The site sits amid a developed urban environment with nearby childcare centers, schools, and shopping amenities. The current zoning is Commercial 1.
Contacts
-
Jeff Stefanidis -
Ian Qiu -
Joshua Bartlett -
Tom Gilbert -
Mathew Dompietro -
Dylan Ashby -
Hudson Bond Commercial Pty. Ltd.
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516 Canterbury Rd
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