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670 Canterbury Rd 2,895 SF Office Condo Unit Offered at $1,172,333 in Surrey Hills, VIC 3127
Investment Highlights
- Located on a major arterial road with strong visibility and connectivity to Melbourne CBD.
- Close to Surrey Hills Primary School, Box Hill Senior Secondary College, and other reputable schools
- Well-served by public transport, including nearby train stations and bus routes.
- Situated within the Whitehorse local government area, offering a stable planning environment.
- Proximity to Box Hill and Camberwell retail and commercial precincts, enhancing amenity access
Executive Summary
670-678 Canterbury Road is located in Surrey Hills, Victoria, within the Whitehorse local government area. The property comprises a land parcel of approximately 362 m² and is currently classified as non-residential land use. It is positioned along Canterbury Road, a key arterial route in Melbourne’s eastern suburbs, providing direct connectivity to surrounding districts and the central business district. The site is in proximity to established residential neighborhoods, educational institutions, and commercial centers, including Box Hill and Camberwell. No bushfire, flood, or heritage overlays have been identified for this property.
Property Facts
| Total Building Size | 27,082 SF | Typical Floor Size | 9,027 SF |
| Property Type | Office (Condo) | Lot Size | 0.40 AC |
| Building Class | B | Parking Ratio | 0.3/1,000 SF |
| Floors | 3 |
| Total Building Size | 27,082 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 9,027 SF |
| Lot Size | 0.40 AC |
| Parking Ratio | 0.3/1,000 SF |
Amenities
- Kitchen
- Basement
- Partitioned Offices
- Air Conditioning
1 Unit Available
Unit 2
| Unit Size | 2,895 SF | Sale Type | Investment |
| Price | $1,172,333 | Cap Rate | 5.29% |
| Price Per SF | $404.95 | NOI | $62,064.69 |
| Condo Use | Office | No. Parking Spaces | 8 |
| Unit Size | 2,895 SF |
| Price | $1,172,333 |
| Price Per SF | $404.95 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 5.29% |
| NOI | $62,064.69 |
| No. Parking Spaces | 8 |
Description
This property at 670-678 Canterbury Road offers a rare opportunity in the highly regarded Surrey Hills precinct, a well-established suburb within Melbourne’s eastern corridor. Positioned along a prominent arterial road, the site benefits from strong connectivity to major thoroughfares, including Canterbury Road and nearby access to the Eastern Freeway, ensuring convenient travel to Melbourne’s CBD and surrounding suburbs.
The property sits within the Whitehorse local government area and is surrounded by a mix of residential neighborhoods, boutique retail, and lifestyle amenities. Surrey Hills is known for its leafy streets, quality schools, and proximity to key commercial hubs such as Box Hill and Camberwell, both offering extensive retail, dining, and business services. The area is well-served by public transport, including train stations and bus routes, enhancing accessibility for future development or adaptive reuse.
With no bushfire, flood, or heritage overlays detected, the site provides flexibility for redevelopment, subject to council approval. Its location within a high-demand residential catchment and close to leading schools, parks, and community facilities makes it an attractive proposition for developers, investors, or owner-occupiers seeking to capitalize on the area’s enduring appeal.
Sale Notes
This ground floor, strata-titled office suite offers a rare opportunity for owner-occupiers or investors seeking a well-positioned commercial asset in Melbourne’s sought-after eastern corridor. Located on the south side of Canterbury Road, the property benefits from strong exposure and convenient access to major arterials, just 13 kilometers east of the Melbourne CBD.
The office comprises approximately 269 square meters of well-presented space with a street-front position, providing excellent visibility and accessibility. Eight secure basement car spaces are included on title, enhancing convenience for staff and visitors. The property is offered with vacant possession, allowing immediate occupation or the ability to secure a tenant and capitalize on an estimated rental potential of approximately $90,000 net per annum.
Surrey Hills is a tightly held commercial and residential precinct, supported by strong local amenities and transport connectivity. Union Station is approximately 300 meters away, and the property is within walking distance to Union Road Village shops, cafes, and Coles Local. The location also offers proximity to Surrey Gardens, boutique Maling Road, and the Camberwell Junction retail hub. This combination of accessibility, amenity, and exposure positions the property as a compelling acquisition for businesses or investors seeking long-term value in a high-demand market.
+4 More
Walk in GRND floor
Seating area
Reception area
Private office
Private office
Private office
Private office
Cleaning area
Underground Carpark on Basement level
Presented by
670 Canterbury Rd
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