191 Carlisle Street

Balaclava VIC 3183

Inspection by appointment.

This blue-chip property presents a rare opportunity to secure a superbly located investment or development site with approved plans for multilevel mix residential/commercial development in the heart of Carlisle Street. Situated on a total land area of approximately 410.9 square metres benefitting from ROW access via a wide rear laneway, the current double storey rendered brick premises currently comprises of 3 x retail shops with active long serving tenancies. There are also approved plans and permits in place for the construction of a 5-level boutique block comprising of 8 x 2-bedroom apartments, 1 x 1-bedroom apartment, basement parking, lobby and 2 retail shops at ground level. Whether you plan to upsize your portfolio or redevelop, you're sure to reap the significant upsides of this bustling high-profile location that's metres from Balaclava Station, on the doorstep of trams and surrounded by a plethora of restaurants, cafs, supermarkets, fresh food stores, bakeries, shops, and personal services. Note: Flexible settlement terms are available.