239 Carlisle Street,
Balaclava, VIC 3183

Emmetts are delighted to exclusively present to market 239 Carlisle Street, Balaclava.

A well located retail & residential freehold investment, anchored by a lease to a multi-store retail personal service provider in addition to a recently renewed lease to a long term residential tenant, and benefits from an exceptional location in one of Melbourne’s most sought-after inner-city precincts.

Key investment considerations include:

+ Prime freehold land of 136 sq m*
+ The building comprises a two-storey brick retail and residential building that has undergone significant refurbishment and re-wiring and is configured as ground floor retail plus a first floor two-bedroom residential apartment.
+ Rear access and on site car parking.
+ Building size 156 sq m*
+ Secure Lease to multi-store services retail Waxed Salons.
+ Residential lease to long term occupant, who has recently renewed.
+ Combined retail and residential rent of $92,211 pa plus GST and outgoings.
+ Positioned on Carlisle Street, Balaclava; a vibrant retail strip serving a significant medium density population catchment.
+ Carlisle Street accommodates a balanced tenancy mix of daily needs retailing including Coles and Woolworths, multiple pharmacies, retail service providers as well as featuring some of Melbourne’s most popular cafés, restaurants, bars, and quick service food retailers.
+ Outstanding connectivity, moments from Balaclava Station, which is accessed directly off Carlisle Street approximately 50 metres from the property in addition to trams along Carlisle Street and Chapel Street.
+ Outstanding opportunity to acquire a prime freehold investment with an attractive yield, and strong growth potential.

For further information, please contact the exclusive agents.