Premium freehold Investment
Tightly Held Iconic Location
Returning $75,000 pa net
Aston Commercial are thrilled to offer 137 Carlisle St Balaclava for sale by public auction on Friday 9th September at 12pm on site.
This is an outstanding opportunity to secure a quality freehold investment leased to a well-known and established tenant Ms. Carlisles in one of Melbourne's most iconic and bustling retail strips. The tenant has recently signed a new 3 + 3 year lease returning $75,000p/a plus GST & outgoings.
The property is directly across the road from Woolworths and surrounded by major national tenants including Coles, Chemist Warehouse, Commonwealth Bank, Priceline, Flight Centre, Australia Post, BWS and many more. Balaclava train station is just a short stroll away with a tram on its doorstep. The property benefits from a council carpark to the rear with access.
This is a prime opportunity to grow your investment portfolio. Contact exclusive agents Aston Commercial today to arrange your private inspection.
*approx.
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 2016 was 5396 people. By 2021 the population was 5392 showing a population decline of 0.1% 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 2021, 49.00% of the homes in Balaclava were owner-occupied compared with 43.40% in 2016.
Balaclava has 3,651 properties. Over the last 5 years, Houses in Balaclava have seen a 1.28% increase in median value, while Units have seen a 3.55% increase. As at 31 December 2025:
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