88 Canterbury Rd 1,141 SF Retail Building Canterbury, VIC 3126 $662,814 ($580.92/SF) 1.88% Cap Rate

Positioned within Canterbury’s established retail precinct, 88 Canterbury Road offers a rare opportunity to secure a versatile freehold investment combining retail and residential components. The property is anchored by a securely leased shopfront generating immediate income and complemented by a fully renovated rear studio apartment, currently vacant, presenting flexibility for future use or additional income.
The property’s Commercial 1 Zone (C1Z) designation and dual frontage with rear lane access enhance its long-term potential. Rear car parking provides added convenience, while the high-exposure location ensures consistent foot and vehicle traffic, benefiting any ground-floor retail operator. This opportunity suits investors seeking income stability with upside from a blue-chip, tightly held inner-eastern Melbourne location, where vacancy rates are historically low and demand from occupiers remains strong.