Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
Situated in the highly sought-after Carlisle Street precinct, this vacant freehold represents a unique chance to establish a foothold in one of Melbourne's most vibrant and prominent commercial areas. Zoned for Commercial 1 uses, the property boasts a prominent shopfront position accompanied by significant pedestrian traffic which offers excellent exposure for a variety of commercial uses.
The open layout of the property makes it highly adaptable for a diverse range of businesses including retail, hospitality, office space, or medical practices, subject to council approval. This flexibility affords potential buyers the opportunity to tailor the premises to suit specific commercial needs, whether for their own operations or as an investment property to lease out to suitable tenants.
Surrounded by a thriving mix of established cafes, specialty retailers, and popular local traders, the location benefits from steady foot traffic and high demand due to its proximity to tram and train services. The area is recognized as a proven commercial precinct, underpinning the long-term value and potential of this property.
With limited opportunities to secure freehold properties in this tightly held area, this offering provides an excellent platform for astute investors or owner-occupiers aiming to capitalize on one of Melbourne's most dynamic and sought-after retail and commercial strips.
Local Market Insights
In Balaclava, Quiet Listings observed 2 new commercial properties entering the market over the last 30 days, with an average advertised asking price of $925,000. The property type mix of listed properties is predominantly Apartments at 56%, followed by townhouses (25%), and houses (13%). RT Edgar was the most active agency monitored, representing 26.7% of all new listings monitored during the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Balaclava VIC 3183
Market Insights for Balaclava VIC 3183
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
