PRIME CARLISLE STREET LOCATION

239 CARLISLE STREET, BALACLAVA

LEASE TO ESTABLISHED MULTI-STORE RETAILER

239 CARLISLE STREET, BALACLAVA

ATTRACTIVE YIELD WITH GROWTH POTENTIAL

239 CARLISLE STREET, BALACLAVA

PRIZED RETAIL & RESIDENTIAL FREEHOLD INVESTMENT

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 & 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 & on site parking.

+ Building size 156 sq m*

+ Secure lease to multi-store services retail, Waxed Salons.

+ Residential leased to long term occupant, who has recently renewed.

+ Combined retail & residential rent of $92,211 pa plus GST & 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.

Call Us

Charles Emmett
+61 402 358 069
Enquire With Agent
Geoff Emmett
+61 409 330 561
Enquire With Agent
Xander Yeo
+61 487 656 141
Enquire With Agent

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