171 Carlisle Street

Balaclava VIC 3183

Key features of this property include:

- A brand new, long term lease to trusted health food retailer & national tenant 'The Source Bulk Foods' with over 50 locations & 600 employees Australia wide.

- Providing a net annual income of $58,710 p.a + GST & Outgoings with fixed annual increases of 3.0%, future proofing the investment for years to come.

- Leased on an initial five (5) year term with a further optional term of five (5) years to 2032.

- Strategic Commercial 1 (C1Z) landholding of 212sqm* and 95sqm* of internal building area, featuring low site coverage and excess land at the rear, allowing or future redevelopment potential (STPA).

- Ideally situated along the thriving retail precinct of Carlisle Street, home to trusted brands such as Coles, Woolworths, Priceline, Chemist Warehouse, Saul's, Zambrero, Yo-Chi, Grill'd.

- Directly opposite Coles' newly acquired 6,417sqm* supermarket site. This transacted in March 2023 for $100,000,000 and is earmarked for a major redevelopment that will greatly benefit and further enhance the surrounding commercial precinct.

*Approx.

For further information, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.