PRIME BALACLAVA
CORNER FREEHOLD
WITH RENEWED
LONG TERM LEASE
TO ASX LISTED PHARMACY – SOLD

304-306 Carlisle Street, Balaclava

PRIME CORNER FREEHOLD WITH RENEWED LONG TERM LEASE TO ASX LISTED PHARMACY – – SOLD

Emmetts are delighted to exclusively present a remarkable fully leased mixed retail and residential corner freehold at 304-306 Carlisle Street, Balaclava for sale via public on site auction on Thursday 2nd December at 12:30pm.

Key features include:

+ Dominant corner freehold located in prime Balaclava location.

+ A vibrant retail strip with high occupancy rate and limited competing retail nearby.

+ Outstanding public transport access, located metres from entrance to Balaclava Station and tram stop.

+ Triple fronted strategic landholding of 337 sq m* with combined 55 metres of frontage.

+ Fully leased multi-let freehold consisting of a retail tenancy and four separate spacious residential units with off-street secure car parking.

+ Diversified income steam from pharmacy plus four residential tenants.

+ Underpinned by recently renewed long term lease to Covid-proof Ramsay Pharmacy, a subsidiary of ASX listed Ramsay Health Care Ltd.

+ Combined income of $209,000 per annum plus GST

+ Strong future rental growth potential.

+ Future development potential (STCA).

For sale by public auction on Thursday 2nd December at 12:30pm on site.

* denotes approx.

For further information on this sale, contact the exclusive selling agents.

Call Us

Charles Emmett
+61 402 358 069
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