189-191 Balaclava Road, Caulfield North, VIC, 3161

Gross Waddell ICR, in conjunction with Belle Property Commercial, is pleased to present this exceptional two-level corner freehold in the heart of Caulfield North. Offering secure income, prominent exposure and outstanding long-term development potential, this rare investment opportunity is ideally positioned within one of Melbourne’s most tightly held commercial precincts.

• Highly visible two-level corner freehold of 1,155sqm* with exceptional exposure to Balaclava Road

• Situated on a generous 1,153sqm* landholding and zoned Commercial 1 (C1Z)

• Positioned in a tightly held and well-regarded Caulfield North Retail/Commercial precinct

• Fully leased to two established tenants — Kieser Training and Access Business Centres — providing secure income streams from proven, nationally recognised operators

• Strong combined annual income of $516,300* per annum net

• Substantial on-site car parking for 27 vehicles, a rare and highly sought-after feature in this location

• Surrounded by a diverse mix of commercial, retail and service-based businesses, contributing to consistent demand and a thriving local customer base

• Significant long-term future development upside, supported by the property’s corner position, landholding and substantial frontage, offering scope for future value creation (STCA) at the end of leases

*approx.

For more information or to arrange an inspection, please contact Gross Waddell ICR or Belle Property Commercial directly.

Gross Waddell ICR:

Alex Ham - 0410 545 226

Michael Gross - 0419 355 561

Belle Property Commercial:

Daniel Liberman - 0438 333 666

Charles Carty - 0438 277 050

Remember to mention you found this property on CommercialReady