271-275 Carlisle Street, Balaclava, VIC, 3183

**EXPRESSION OF INTEREST CLOSING THURSDAY 6TH AUGUST AT 4PM**

Positioned within one of Melbourne's most tightly held retail and lifestyle precincts, 271-275 Carlisle Street, Balaclava presents a rare opportunity to acquire a substantial freehold offering flexibility, income potential and future upside.

Occupying a generous landholding of approximately 284 sqm, the property comprises two ground-floor retail premises and a substantial first-floor office, retail or residential space spanning the entire width of the building.

With a total building area of approximately 303 sqm, the property is ideally suited to investors, owner-occupiers and value-add purchasers alike.

The property comprises a character-filled mixed-use building offering immediate income and significant value-add potential. With 275 Carlisle Street securely leased for $51,321 net per annum plus GST until November 2028 (no further options) and the balance offered with vacant possession, purchasers have the flexibility to occupy, lease or enhance the asset. Positioned within one of Carlisle Street's busiest retail and hospitality precincts, the property benefits from outstanding exposure, strong foot traffic and excellent public transport connectivity.

Property highlights:

- Prime freehold in one of Melbourne's most tightly held retail strips

- Land area: 284 sqm approx.

- Building area: 303 sqm approx. plus 46 sqm approx. of storage

- Part income of $51,321 net plus GST per annum

- Two ground-floor retail shops plus first-floor accommodation

- Flexible mixed-use configuration

- Partially leased with immediate income and future upside

- Suitable for investors, owner-occupiers and developers (STCA)

- Surrounded by a vibrant retail, hospitality and lifestyle precinct

To schedule an inspection please contact Benjamin Klein on 0433 047 000 or Graham Hicks on 0423 009 900

Remember to mention you found this property on CommercialReady