Watch Watch
Your home of Development Ready videos
Watch Watch
All Videos
Back
Sold Check
Back to results
Properties / Sold / Victoria / Balaclava
Save
Share
Sold

23 William Street, BALACLAVA, VIC 3183

+11 Photos
/
Images
Close

23 William Street, BALACLAVA, VIC 3183

Balaclava

23 William Street, BALACLAVA, VIC 3183
×
Sold Check
+13 Photos
23 William Street, BALACLAVA, VIC 3183

23 William Street, BALACLAVA, VIC 3183

Properties / Sold / Victoria / Balaclava
Development Potential
Property Type
Commercial
Sub Type
Office
Land Area
1,011 m² (*approx)
Selling Method
SOLD: Contact Agent
Show All

SOLD ! 

Extremely rare 1,011 sqm holding in Balaclava

- Extremely rare 1,011 sqm holding

- Potential multi level office development

- Strong holding income of $124,539 pa (net) with lease expiry 31.10.2020

- Only 80m from Balaclava Train Station and bustling Carlisle Street

- 3 Street frontages providing excellent access

- 7.5km and only 4 train stops from Melbourne CBD

Auction on-site Thursday, 11 October 2018 at 12pm

Knight Frank are proud to present to the market this extremely rare development opportunity. Situated in a very tightly held pocket of Balaclava this superb opportunity provides current holding income with exceptional development upside.

Comprised of 1,011 sqm (approx) featuring 3 street frontages only 7.5km from Melbourne CBD makes this property one not to be missed.

William Street Balaclava has become sernonomous for its funky, vibrant atmosphere located some 80m from Carlisle St shopping precinct and Balaclava station the area has quickly attracted high demand from a creative tenancy mix.

The site is situated in a very small wedge where site turnover is low and tenancy demand is strong.

Currently under a lease to a long term standing tenant until 31.10.2020 at $124,539pa with rental increases and no further options. Being only 4 train stops from the CBD provides an excellent develop to rent option or indeed owner occupation.

To organise an inspection or for further details, please contact the agents below.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

23 William Street Development Site Summary

Property Type
Commercial
Sub-type
Office
Land Area
1,011 m² (*approx)
Selling method
SOLD: Contact Agent

Development Site Highlights

SOLD ! 

Extremely rare 1,011 sqm holding in Balaclava

- Extremely rare 1,011 sqm holding

- Potential multi level office development

- Strong holding income of $124,539 pa (net) with lease expiry 31.10.2020

- Only 80m from Balaclava Train Station and bustling Carlisle Street

- 3 Street frontages providing excellent access

- 7.5km and only 4 train stops from Melbourne CBD

Auction on-site Thursday, 11 October 2018 at 12pm

Knight Frank are proud to present to the market this extremely rare development opportunity. Situated in a very tightly held pocket of Balaclava this superb opportunity provides current holding income with exceptional development upside.

Comprised of 1,011 sqm (approx) featuring 3 street frontages only 7.5km from Melbourne CBD makes this property one not to be missed.

William Street Balaclava has become sernonomous for its funky, vibrant atmosphere located some 80m from Carlisle St shopping precinct and Balaclava station the area has quickly attracted high demand from a creative tenancy mix.

The site is situated in a very small wedge where site turnover is low and tenancy demand is strong.

Currently under a lease to a long term standing tenant until 31.10.2020 at $124,539pa with rental increases and no further options. Being only 4 train stops from the CBD provides an excellent develop to rent option or indeed owner occupation.

To organise an inspection or for further details, please contact the agents below.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

Finance Calculator

23 William Street, BALACLAVA, VIC 3183

Secure/no obligation

Step 1

Loan Variables

Adjust the inputs to explore your indicative finance options.

You can adjust the inputs below by tapping ‘Adjust Variable Inputs’.

Estimated Purchase Price: $x,xxx,xxx
What you intend to pay for the property
Your Contribution: $x,xxx,xxx
The amount you’re investing
LVR: $x,xxx,xxx
Loan to Value Ratio

Estimated Purchase Price:*

What you intend to pay for the property

$

Your Contribution:

The amount you’re investing

Min: 0% - Max: 90% of purchase price.

$

LVR:

Loan to Value Ratio

Min: 10% - Max: 100% of purchase price.

%

Loan Analysis

Estimated Purchase Price:
Your expected purchase price. Final lender valuation may differ and will affect LVR and borrowing.
$x,xxx,xxx
Your Contribution:
Your funds toward the purchase (savings/equity/gift). Does not include costs like duty, legals or LMI.
$xxx,xxx
Loan to Value Ratio:
Calculated as Loan ÷ Price. Guidance only. Lender policy caps vary by property type, location and borrower profile.
xx%
Loan Amount:
Estimated loan based on your inputs. Excludes fees, LMI and costs. Subject to credit assessment and valuation.
in full report
Interest Only: Monthly Repayments
Estimate using interest-only at 5.85% p.a. Excludes fees. Rates can change without notice.
in full report
Principal & Interest: Monthly Repayments
Estimate at 5.85% p.a. over 15 years, monthly compounding. Excludes fees/LMI. Rates may change.
in full report
Stamp Duty: victoria
Indicative rate for victoria. Concessions/exemptions (e.g., first home) may apply and change the amount.
in full report
Stamp Duty Cost:
Estimate only. Check SRO victoria for the latest rules and any concessions that may reduce this figure.
in full report

Property Location of 23 William Street, BALACLAVA, VIC 3183

One moment please.

Retrieving map...

Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
23 William Street, BALACLAVA, VIC 3183 Balaclava
Knight Frank - Melbourne
Knight Frank - Melbourne
Level 29, 120 Collins St, Melbourne VIC 3000
View Agency Profile
Knight Frank - Mulgrave
Knight Frank - Mulgrave
Nexus Corporate Park Level 3, 10 Nexus Court Mulgrave, VIC, 3170
View Agency Profile