BALACLAVA’s BEST RETAIL CORNER – PRIME INVESTMENT OPPORTUNITY- SOLD

Following a 5-week public marketing campaign, Emmetts sold 229-237 Carlisle Street via a public on site auction.

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

NORTH FACING CARLISLE STREET CORNER
STRONG PERFORMING RETAIL LOCATION
FULLY LEASED BLUE CHIP INVESTMENT

Property:

+ 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.