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