171 Carlisle Street, St Kilda East
RETAIL INVESTMENT LEASED TO AUSTRALIA’S LARGEST SPECIALISED BULK FOOD OPERATOR
Jones Real Estate is privileged to present 171 Carlisle Street, Balaclava to the market For Sale via Private Negotiation.
This incredibly rare retail investment opportunity is located between Chapel Street & William Street, one of Melbourne’s most prominent & established suburban retail precincts, complemented by a strategic combination of draw card tenants such as Coles, Woolworths, Priceline Pharmacy, Saul’s, Zambrero, Yo-Chi, Grill’d & Chemist Warehouse.
The property’s location is further enhanced by its seamless accessibility to key amenity drivers, offering convenient access to various transportation routes including Balaclava Railway Station & the number 3 & 16 tram networks. Additionally, the property is directly serviced by major transport arterials including Carlisle Street, Hotham Street, St Kilda Road, and Dandenong Road.
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.
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.