225 Canterbury Road, Canterbury VIC 3126

Century 21 Reach is pleased to present 225 Canterbury Road, Canterbury via public Auction on Thursday 20th March 2025 at 12:00pm (Unless Sold Prior).

An incredibly rare opportunity to own both a commercial and residential property, combining a maximum exposure shopfront and townhouse-living residence, situated in a highly visible shopping hub and affluent location across from Maling Road, beautiful Canterbury Gardens and the train station.
The retail shop offering newly renovation and a commercial kitchen with builded in appliances. Plus spacious two level residence comprising downstairs kitchen with adjacent dining and informal living. Upstairs are two bedrooms, one with ensuite, plus main bathroom and sitting room/third bedroom with access to balcony.

Key features of this opportunity include:
* 265 sqm approx. floor area, Current rental income $84,759 pa.
* Ground floor 'Calla and Cups Cafe', returning $45,652pa.+Gst,
4+3+3 year lease from March 2024, 3% annual increase.
* Spacious 3 bedroom residence, returning $39,107 pa. Two years lease term.
* Zoned Commercial 1 ( C1Z )
* Site area 280 sqm approx, further development potential (STCA)
* Rear access and double secure car spaces, plus plenty council car parking
* Surrounded by an array of established local and national retailers
* Located within the 'blue chip' eastern suburb of Canterbury which boasts a median house price of $3,215,000 (source: REIV)

Contact your exclusive agents at Century 21 Reach for additional information or to set up an inspection.