219-229 Balaclava Road Caulfield North VIC 3161

JLL Development Site Services with Transaction Manager Relae Property is privileged to present for the first time in over 60 years this extraordinary, permit approved landholding, located at 219-229 Balaclava Road, Caulfield North.

Key details of the opportunity include:

+ A truly rare, north-facing 1,060sqm* landholding with protected views over Caulfield Park and towards the CBD.
+ Exceptional permit in place for a 7-level mixed-use project designed by renowned CHT Architects
+ Flexible Commercial 1 Zone providing scope for a range of alternate development outcomes (STCA).
+ Flexible and high-quality existing improvements across 1,358sqm* of building area.
+ Short-term holding income of approximately $255,000* per annum.
+ High-profile 23m* street frontage to Balaclava Road providing direct Caulfield Park exposure and a high level of development and design flexibility, coupled with side and rear access.
+ A highly connected and convenient location with tram and bus stops along Balaclava and Hawthorn Roads, and both Caulfield & Malvern Train Stations moments away.
+ A truly remarkable location, directly opposite picturesque Caulfield Park and serviced by both Caulfield/Malvern retail precincts in direct proximity
+ Caulfield North is an affluent inner south-eastern suburb with a median house price of $2,500,000^

*Approx.
^ PropertyValue
https://www.propertyvalue.com.au/suburb/caulfield%20north-3161-vic 

To obtain further information or to arrange an inspection, please contact the selling agents below. 

JLL
Jesse Radisich | 0402 085 702 
Josh Rutman | 0411 27 37 46
MingXuan Li | 0498 688 998
Maddie Pizzey | 0439 193 997

·      Direct park fronted, north facing landholding
·      Permit approved for a 7-level mixed-use project
·      Quality existing building + income