Share this property

EMMETTS REAL ESTATE - MELBOURNE

229-237 Carlisle Street Balaclava, VIC 3183

Directions

229-237 Carlisle Street
Balaclava, VIC 3183

Shop & Retail • Development Sites & Land • Hotel & Leisure

Price information

Sold

Contact Agent

Land area

368.0m²

Floor area

515.0m²

Tenure type

Tenanted Investment

Sold on

21 Nov 2019

EMMETTS REAL ESTATE - MELBOURNE
229-237 Carlisle Street
Balaclava, VIC 3183
Charles Emmett
Andrew Milligan
James Beresford
Geoff Emmett

EMMETTS REAL ESTATE - MELBOURNE

Level 7, 24 Collins Street
MELBOURNE, VIC 3000

Map of 229-237 Carlisle Street

Directions

BALACLAVA's BEST RETAIL CORNER - AN INTER-GENERATIONAL INVESTMENT OPPORTUNITY

  • NORTH FACING CARLISLE STREET CORNER
  • STRONG PERFORMING RETAIL LOCATION
  • FULLY LEASED BLUE CHIP INVESTMENT
Emmetts is pleased to present to the market by way of Public Onsite Auction a rare opportunity to secure what is arguably Balaclava's best retail corner.

Situated in a highly sought after and geographically confined retail strip surrounded by a medium density residential catchment, this is an extremely rare opportunity to secure a major corner on one of Melbourne's most tightly held and coveted retail strips.

Investment Considerations:

+ High visibility location on the North facing side of Carlisle Street

+ Significant 38 metre* retail frontage with a 20 metre* frontage to Carlisle Street and an 18 metre* frontage to William Street.

+ Anchored by both Coles and Woolworths supermarkets plus an impressive array of local and national retailers.

+ Limited Retail space available with significant retailer demand.

+ Rare corner freehold in blue chip location on one of Melbourne's best performing retail strips.

+ Land Area of 368 sq m*

+ Building area of 515 sq m*

+ Fully leased to three established tenants on long leases.

+ Combined income of $262,260 per annum* plus outgoings plus GST (as at 1st Dec 2019) with fixed annual rental increases and strong market growth potential.

+ Impressive 2 level building with major street frontages to both Carlisle Street and William Street.

+Future development potential (STPA)

+ Excellent transport accessibility including trains via Balaclava Station on the Sandringham line and multiple bus and tram routes passing the property.

* denotes approx.

For further information, contact the exclusive sales and marketing agents Emmetts Real Estate.

Property ID: 503367402Last Updated: 6 Dec 2019

Agency contacts

EMMETTS REAL ESTATE - MELBOURNE

View Profile

EMMETTS REAL ESTATE - MELBOURNE

Level 7, 24 Collins Street
MELBOURNE, VIC 3000
progress tick

Sending email...

Email enquiry

Charles Emmett

Send to:

Charles Emmett
EMMETTS REAL ESTATE - MELBOURNE
229-237 Carlisle Street Balaclava, VIC 3183

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call