217 Canterbury Road,
Canterbury, VIC 3126

PROMINENT MAIN ROAD LOCATION – Situated within close proximity to popular Maling Road shops and Canterbury Station, this leased retail shop and vacant 2 level dwelling is complemented by an off-site car park space on separate Title. Consolidate the existing retail and car park rental with a residential lease to provide 3 separate income streams or occupy the dwelling. The property provides multiple opportunities and also has future development potential (STCA).

PROPERTY ATTRIBUTES

• Retail shop – 45 sq m approx with rear access
• Dwelling – previously owner occupied vacant 2 level dwelling presented in good and colourful condition. Comprises 2 bedrooms, sunroom and study/3rd bedroom with a warm north facing terrace. Includes split system air conditioning unit in main bedroom and gas space heater in living room.
• Off-site car park on separate Title located 100m approx from rear of property
• Building area: 150 sq m (1,614 sq ft) approx
• Land area: 167 sq m (1,800 sq ft) approx
• Rear ROW access
• Future development potential

LEASE PARTICULARS

• Lease commenced 9th April, 2009 for 2 years incorporating a further term of 2 years
• Car Park Licence Agreement upon same tenure as retail lease
• Total rental $17,118 per annum gross (exclusive of GST)

ZONING

• Business 2 Zone under the City of Boroondara Planning Scheme