Jones Real Estate is privileged to present 171 Carlisle Street, Balaclava to the market For Sale via Private Negotiation.
This incredibly rare retail investment opportunity is located between Chapel Street & William Street, one of Melbourne's most prominent & established suburban retail precincts, complemented by a strategic combination of draw card tenants such as Coles, Woolworths, Priceline Pharmacy, Saul's, Zambrero, Yo-Chi, Grill'd & Chemist Warehouse.
The property's location is further enhanced by its seamless accessibility to key amenity drivers, offering convenient access to various transportation routes including Balaclava Railway Station & the number 3 & 16 tram networks. Additionally, the property is directly serviced by major transport arterials including Carlisle Street, Hotham Street, St Kilda Road, and Dandenong Road.
Key features of this property include:
- A brand new, long term lease to trusted health food retailer & national tenant 'The Source Bulk Foods' with over 50 locations & 600 employees Australia wide.
- Providing a net annual income of $58,710 p.a + GST & Outgoings with fixed annual increases of 3.0%, future proofing the investment for years to come.
- Leased on an initial five (5) year term with a further optional term of five (5) years to 2032.
- Strategic Commercial 1 (C1Z) landholding of 212sqm* and 95sqm* of internal building area, featuring low site coverage and excess land at the rear, allowing or future redevelopment potential (STPA).
- Ideally situated along the thriving retail precinct of Carlisle Street, home to trusted brands such as Coles, Woolworths, Priceline, Chemist Warehouse, Saul's, Zambrero, Yo-Chi, Grill'd.
- Directly opposite Coles' newly acquired 6,417sqm* supermarket site. This transacted in March 2023 for $100,000,000 and is earmarked for a major redevelopment that will greatly benefit and further enhance the surrounding commercial precinct.
*Approx.
For further information, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
