239 Carlisle StreetBalaclava VIC 3183
Property Details for 239 Carlisle St, Balaclava
Last Listing description (November 2023)
Emmetts are delighted to exclusively present to market 239 Carlisle Street, Balaclava.
A well located retail & residential freehold investment, anchored by a lease to a multi-store retail personal service provider in addition to a recently renewed lease to a long term residential tenant, and benefits from an exceptional location in one of Melbourne's most sought-after inner-city precincts.
Key investment considerations include:
+ Prime freehold land of 136 sq m*
+ The building comprises a two-storey brick retail and residential building that has undergone significant refurbishment and re-wiring and is configured as ground floor retail plus a first floor two-bedroom residential apartment.
+ Rear access and on site car parking.
+ Building size 156 sq m*
+ Secure Lease to multi-store services retail Waxed Salons.
+ Residential lease to long term occupant, who has recently renewed.
+ Combined retail and residential rent of $92,211 pa plus GST and outgoings.
+ Positioned on Carlisle Street, Balaclava; a vibrant retail strip serving a significant medium density population catchment.
+ Carlisle Street accommodates a balanced tenancy mix of daily needs retailing including Coles and Woolworths, multiple pharmacies, retail service providers as well as featuring some of Melbourne's most popular cafs, restaurants, bars, and quick service food retailers.
+ Outstanding connectivity, moments from Balaclava Station, which is accessed directly off Carlisle Street approximately 50 metres from the property in addition to trams along Carlisle Street and Chapel Street.
+ Outstanding opportunity to acquire a prime freehold investment with an attractive yield, and strong growth potential.
For further information, please contact the exclusive agents.
Property History for 239 Carlisle St, Balaclava, VIC 3183
- 17 Nov 2023Sold for $1,500,000
- 04 Oct 2023Listed for Sale Contact Exclusive Agents
- 05 Mar 2015Listed for Rent $50,000 / year
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0About Balaclava 3183
The size of Balaclava is approximately 0.8 square kilometres. It has 3 parks covering nearly 1.8% of total area. The population of Balaclava in 2011 was 5,382 people. By 2016 the population was 5,404 showing a population growth of 0.4% in the area during that time. The predominant age group in Balaclava is 30-39 years. Households in Balaclava are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balaclava work in a professional occupation. In 2011, 42.8% of the homes in Balaclava were owner-occupied compared with 43.4% in 2016.
Balaclava has 3,611 properties. Over the last 5 years, Houses in Balaclava have seen a 22.25% increase in median value, while Units have seen a 4.73% increase. As at 31 July 2024:
- The median value for Houses in Balaclava is $1,450,295 while the median value for Units is $584,405.
- Houses have a median rent of $890 while Units have a median rent of $515.
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