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6-10 William Street, Balaclava VIC
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Property Highlights

CHARACTER LOADED BALACLAVA FREEHOLD
  • UNDERPINNED BY STRATEGIC LANDHOLDING
  • OCCUPY / INVEST / VALUE-ADD / REDEVELOP
  • TIGHTLY HELD INNER-CITY PRECINCT

Emmetts are excited to present 6-10 William Street Balaclava, For Sale by Expression of Interest. 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 cafés, 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*

+ Leased to two tenants on short term leases with Lessor break clauses providing flexibility for value-add investors and developers (STPA).

+ 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.

+ The substantial landholding of 1,158 sq m*, 32 metres* of frontage and multiple vehicle cross overs provide developers the opportunity to take advantage of Balaclava's growing population and commercial and retail investment.

6-10 William Street Balaclava is for sale by Expression of Interest closing Wednesday 10th August at 3:00 pm. For further details, contact the Emmetts team as the exclusive agents.

Remember to mention you found this property on DevelopmentReady

 

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