263-267 Canterbury Road, Canterbury, NSW 2193

  • 500 sqm

For sale

For Sale

Prime Corner Development Opportunity

An ideal opportunity for the astute developer or investor to secure this prime site in R4 – High Density Residential Zoning with and existing DA Approval for a New Aged Boarding House.

> Site area 779sqm, 3 street frontages to Canterbury Road, Phillip Street and Clunes Lane

> Corner Block 17.02/17.08 X 45.72

> DA Approval for New Generation Boarding House consisting of 43 boutique self-contained studios plus managers room

> 12 month lease providing holding income whilst preparing the CC

> Estimated return on the completed development of approximately $624,000 per annum

> An advantageous approval that would be difficult to replicate given changes to planning controls

> Short walk to Canterbury Train Station, Bus Stops, Tasker Park and Aldi Supermarket

Sammy domain.profile
Sales & Leasing Consultant
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Director | Licensed Real Estate Agent | Licensee in Charge

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Property Info:
  • Property ID: L6796254
  • Property Type: Land/Development
  • Building / Floor Area: 500 sqm
  • Land Area: 779.0 sqm