For the first time in 40 years, Savills and Besser & Co are delighted to offer for sale by Public Auction this super prime Carlisle Street corner freehold investment within the heart of one of Melbourne’s strongest and most tightly held retail precincts.  The key attributes of 157 Carlisle Street, Balaclava include:

  • A classic Carlisle Street corner freehold

  • Comprises a 3-level newly redeveloped building

  • Ground level retail tenancy plus five modern two-level apartments

  • Retail: Brand new 10 year lease commencing Dec 2017 (in occupation since 1998) + on-site car space

  • Residential Tenancies: Fully leased on short-term residential agreements

  • Total Income: $222,937 per annum*

  • Incredibly valuable landholding of 219sq m*

  • Centrally positioned within one of Melbourne’s best performing strip retail locations -  Carlisle Street, Balaclava  

  • One of only very few corners within Carlisle Street, Balaclava

  • An unbelievable corner freehold with multiple income streams in a blue-chip retail location!

157 Carlisle Street, Balaclava is For Sale by Public Auction on Friday 20 April at 1pm on-site.