FOR SALE
$5,000,000-$5,500,000

426-430 Canterbury Road
Surrey Hills VIC 3127

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 1139m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

GAND DEVELOPMENT | PERMIT APPROVED, 5 LEVELS FOR SERVICED APARTMENTS

A substantial permitted 5-level residential development site is located on a commanding corner position on one of the best corner allotments in Surrey Hills – Canterbury and Warrigal Road with the additional benefit of a rear ROW.
The 1,139 sqm corner landholding, with a Commercial 1 zone, has a recently issued permit approval for a five-level project, currently designed for 71 serviced apartments, plus associated retail and conferencing areas, but with flexibility to accommodate several uses based on the zoning.
The property is an amalgamation of two titles and boasts combined frontage of 99 m* to Warrigal Road and Canterbury Road with the added advantage of a rear ROW providing exceptional exposure and design flexibility.
The property is presented to market for sale at a time when there have been limited blue chip opportunities. On the doorstep of a highly regarded Union Road shops and the Surrey Hill Train Station, the property has excellent amenity all in easy walking distance to complement the already outstanding fundamentals with Surrey Hills.
This purchase comes together with a signed Agreement For Lease with a multinational company that offers rental guarantee for the next 20 years. (Conditions Apply)
Key highlights of the property include:
- Permit approved for a 5-level development featuring 71 serviced apartments, a ground floor café and conference centre
- Commercial 1 Zoned landholding of 1,139 sqm*
- Combined street frontage of 99 m* to Warrigal Road and Canterbury Road with additional ROW access
- 2 titles with improved existing buildings generating a short-term holding income
See MoreView Statement of Information

Property Details for 426-430 Canterbury Rd, Surrey Hills

426-430 Canterbury Rd, Surrey Hills is a 1 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1139m2. The place is currently for sale with Professionals First & Co.

Building Type
House
Land Size
1139m2

Commute Calculator

About Surrey Hills 3127

The size of Surrey Hills is approximately 4.4 square kilometres. It has 13 parks covering nearly 3.4% of total area. The population of Surrey Hills in 2011 was 13,132 people. By 2016 the population was 13,605 showing a population growth of 3.6% in the area during that time. The predominant age group in Surrey Hills is 40-49 years. Households in Surrey Hills are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Surrey Hills work in a professional occupation. In 2011, 76.1% of the homes in Surrey Hills were owner-occupied compared with 76.3% in 2016.

Surrey Hills has 6,927 properties. Over the last 5 years, Houses in Surrey Hills have seen a 10.59% increase in median value, while Units have seen a 5.13% increase. As at 30 November 2024:

  • The median value for Houses in Surrey Hills is $2,256,750 while the median value for Units is $909,016.
  • Houses have a median rent of $900 while Units have a median rent of $568.
There are currently 11 properties listed for sale, and 5 properties listed for rent in Surrey hills on OnTheHouse. According to CoreLogic's data, 318 properties were sold in the past 12 months in Surrey hills.

Surrey Hills Profile Page

Suburb Insights for Surrey Hills 3127

Visit Surrey Hills profile page
Market Insights
Surrey Hills Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Surrey Hills Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Surrey Hills profile page
Contact agent
Tony Che
Show contact details
Call agent
Sunny Song
Show contact details
Call agent
Professionals First & Co
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED