157 Carlisle StreetBalaclava VIC 3183
Property Details for 157 Carlisle St, Balaclava
Last Listing description (June 2021)
For the first time in 40 years, Savills and Besser & Co are delighted to offer for sale by Public Auction this super prime Carlisle Street corner freehold investment within the heart of one of Melbourne's strongest and most tightly held retail precincts. The key attributes of 157 Carlisle Street, Balaclava include:
* A classic Carlisle Street corner freehold
* Ground level retail tenancy plus five modern two-level apartments
* Retail: Brand new 10 year lease commencing Dec 2017 (in occupation since 1998) + on-site car space
* Residential Tenancies: Fully leased on short-term residential agreements
* Total Income: $222,937 per annum*
* Incredibly valuable landholding of 219sq m*
* Centrally positioned within one of Melbourne's best performing strip retail locations - Carlisle Street, Balaclava
* One of only very few corners within Carlisle Street, Balaclava
* An unbelievable corner freehold with multiple income streams in a blue-chip retail location!
**OPEN FOR INSPECTIONS**
157 Carlisle Street, Balaclava will be Open For Inspection at the following times:
* Tuesday 10 April 11:00-11:30am
* Thursday 12 April 2:00-2:30pm
* Saturday 14 April 4:00-4:30pm
* Sunday 15 April 1:30-2:00pm
* Tuesday 17 April 11:00-11:30am
* Thursday 19 April 2:00-2:30pm
**Please confirm your attendance at any inspection.**
157 Carlisle Street, Balaclava is For Sale by Public Auction on Friday 20 April at 1pm on-site.
For further information, please contact:
Savills:
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655
Besser + Co:
Dion Besser 0412 556 443
Bill White 0415 358 111
Marcel Dybner 0401 062 523
Property History for 157 Carlisle St, Balaclava, VIC 3183
- 20 Apr 2018Sold for $2,272,000
- 19 Mar 2018Listed for Sale P.O.A
- 20 Nov 2014Listed for Sale From $495,000
Recent sales nearby
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0About Balaclava 3183
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:
- The median value for Houses in Balaclava is $1,446,411 while the median value for Units is $619,203.
- Houses have a median rent of $638 while Units have a median rent of $550.
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