Property Details for 6-8 William St, Balaclava
Last Listing description (May 2023)
CHARACTER LOADED BALACLAVA FREEHOLD
Emmetts are excited to present 6-10 William Street Balaclava, For Sale. A rare character loaded freehold located in one of Melbourne's best performing inner-city retail, residential and commercial precincts.
Underpinned by a strategic landholding of 1,158 sqm* with a 32 metre* frontage to William street, the property provides an exceptional opportunity for owner-occupiers, investors and developers.
The Location
+ Located in tightly held Balaclava, one of Melbourne's best performing and most sought after inner-city precincts.
+ Situated just off Balaclava's retail and dining strip hub, Carlisle Street, which features some of Melbourne's most popular cafs, restaurants and bars including Batch Espresso, Las Chicas, En Izakaya, Wall Two 80, Tavlin, the Local Taphouse, and Glicks bakery as well as both a Coles and Woolworths Supermarket.
+ Commercial 1 Zoned land in the ex-industrial precinct of William Street, with proximity to significant commercial development including Open Court, a 6,300 sqm* commercial development anchored by HUB Australia.
+ Surrounded by a medium density catchment with strong residential and growth.
+ Excellent connectivity, located 100 metres* from Balaclava Station on the Sandringham line, and proximity to multiple tram routes as well as Melbourne's arterial road and freeway network.
The Property
+ Substantial character freehold warehouse configured as two separate tenancies.
+ Extremely valuable frontage of 32 metres* to William Street.
+ Significant landholding of 1,158 sq metres*
+ Value-add investment opportunities include creating a consolidated building or subdividing into individual freeholds (STPA) to leverage demand for character warehouse conversions and maximise covenant and longer term investment value.
+ Leased to two tenants on short term leases with Lessor break clauses providing flexibility for value-add investors and developers (STPA).
+ The substantial landholding of 1,158 sq m*, 32 metres* of frontage and multiple vehicle cross overs provide developers with the opportunity to take advantage of Balaclava's growing population and commercial and retail investment.
For further details, contact the Emmetts team as the exclusive agents.
Property History for 6-8 William St, Balaclava, VIC 3183
- 06 Jul 2022Listed for Sale Contact Agents
- 03 Jun 2021Sold - Price Undisclosed
- 15 Jun 2020Listed for Sale Contact agent.
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 3,652 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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