SUPER PRIME RETAIL ARCADE FRONTING COLES SUPERMARKET

232 Carlisle Street, Balaclava, Victoria 3183

Retail For Sale

For Sale
Land Area: 817.00 m2.    Floor Area: 1,227.00 m2.    

Description

Colliers International and Allard Shelton are pleased to bring to your attention an acclaimed retail investment for sale with the following key attributes:

• Strategic land holding of approximately 817m²* with expansive dual frontage

• Premium retail arcade consisting of 6 shops and two large first floor offices

• Offered as a tenanted investment with eight (8) separate income streams comprising a diverse income profile; Combined net rental income of approximately $482,950* per annum

• Tenants include Vintage Cellars (ASX listed Westfarmers group), established 40-year-old P4 pharmacy, City of port Phillip, fit miss and others

• Enormous potential for significant rental uplift

• Situated on Balaclava’s bustling Carlisle Street retail strip, with unrivalled access and street exposure

• Immediate access to Balaclava Train Station, connecting to Flinders Street Station and the Melbourne CBD

• Surrounded by a diverse mix of businesses including local grocers with fresh produce, exciting cafés and restaurants and within walking distance to the popular St Kilda beach

• Future development upside with flexible zoning allowing multiple development outcomes

*Approximate values.

For Sale by Expressions of Interest Closing Thursday 30 November at 2pm

To arrange an inspection or for more information, please contact Colliers International Melbourne City Sales team and Allard Shelton as the exclusive selling agents.

COLLIERS INTERNATIONAL
Daniel Wolman +61 412 957 839
Peter Bremner +61 326 942
Oliver Hay +61 419 528 540

ALLARD SHELTON
Joseph Walton +61 417 309 347
James Gregson +61 421 516 480
Michael Ryan +61 433 180 199
Patrick Barnes +61 417 555 190

Features

  • BLUE CHIP RETAIL INVESTMENT
  • EXTENSIVE DUAL FRONTAGE
  • PREMIUM COVENANTS AND INCOME PROFILE

Transaction Details

06 Dec 2017
232 Carlisle Street, BALACLAVA VIC 3183, AUSTRALIA

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