SOLD BY MITCHELL OWEN – TWO STREET FRONTS & TWO TITLES – 528m² TOTAL LAND AREA
63-71 Canterbury Road, Canterbury
Price: AUCTION - 28TH MARCH 2024

Property Size: 355m2

Land Area: 528m2

Retail: 355m2

Availability: Sold

🏡 Prime Development Site with Dual Street Frontages in Canterbury, NSW 🏡

Welcome to an exceptional opportunity in the heart of Canterbury, NSW! This expansive development site, currently hosting two retail shops and a workshop, presents a rare chance for investors and developers alike. Boasting dual street frontages, this property is strategically positioned with 22 meters facing Canterbury Road and 18 meters on Church Street.

📐 Property Overview:
Land Size: 528m² (approx.)
Two Titles of Land
Building Size: 355m² (approx.)
Zoning: R3 Medium Density Residential
Frontages: 22m on Canterbury Road, 18m on Church Street.
Proximity: 500m from Canterbury Train Station.

🌟 Key Features:
Dual Street Frontages: Enjoy the convenience and flexibility of two street frontages, providing easy access and visibility for any future development.

Current Utilisation: The existing retail shops and workshop add immediate value to the property, offering potential rental income during the development application process.

Exposure: Main road position on Canterbury Road with great business visibility and exposure to passing traffic attracting a steady flow of customers, enhancing brand recognition, and increasing sales opportunities.

Strategic Location: Situated in the sought-after Canterbury area, this site is surrounded by amenities, public transport, and is within proximity to schools, parks, and the vibrant Canterbury town center.

Zoned for Medium Density Residential: The R3 zoning opens the door to a variety of development possibilities, making it an ideal prospect for a mixed use/residential project (STCA).

Suitable for Residential; Boarding houses; Centre-based child care facilities; Multi dwelling housing; Neighborhood shops; Places of public worship and more (STCA)

Land and Building Size: A generous land size of 528m² provides ample space for a significant development, complemented by a building size of 355m².

📈 Development Potential:
With the increasing demand for medium-density residential properties, this site offers a golden opportunity to capitalize on the thriving real estate market in Canterbury. The location, combined with the dual frontages and zoning, makes it an attractive prospect for developers aiming to create a residential haven in this dynamic neighborhood.

Auction: In-rooms 6pm, 28th March 2024.
Location: Level 3/56 Kitchener Pde, Bankstown

📅 Inspections:
Open For inspection every Thursday 1 pm until the auction.

Contact our dedicated real estate team to explore the full potential of this remarkable site.

Don’t miss your chance to secure a prime piece of real estate in Canterbury, Contact us today to turn your development vision into a reality !

Mitchell Owen
0401 451 889
mitchello@commercial.net.au