BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 4.0//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:A DELICIOUS INVESTMENT\nGross Waddell ICR is pleased to offer for sale 185 Carlisle Street\, Balaclava\, a high-quality retail investme nt positioned within one of Melbourne's most tightly held lifestyle preci ncts. Securely leased to acclaimed artisan operator Baker In The Rye\, th e asset delivers a compelling combination of income security\, strong und erlying land value and long-term growth potential.\n\nStrategically locat ed directly opposite the proposed Coles redevelopment and surrounded by a n established mix of national retailers\, the property benefits from cons istent foot traffic and a proven retail environment\, reinforcing its pos ition as a premium inner-city investment.\n\nKey Investment Highlights:\n \n Securely leased to established artisan operator Baker In The Rye\n\n N et rental income of $110\,000* per annum\n\n New 5-year lease commencing November 2025 plus 2 further 5-year options\n\n Fixed 3% annual rental in creases with market reviews at options\n\n Impeccably refurbished buildin g of 200sqm* with high-quality finishes\n\n Substantial 250sqm* landholdi ng with valuable dual street frontage\n\n Directly opposite the proposed Coles redevelopment\, set to drive ongoing activation\n\n Surrounded by l eading national retailers including Coles\, Woolworths\, Chemist Warehous e\, Grill'd\, Hunky Dory\, Schnitz\, Priceline Pharmacy and BWS\n\n Posit ioned within the core of Carlisle Street's established retail and hospita lity precinct\n\n Immediate proximity to Balaclava Train Station\n\n185 C arlisle Street\, Balaclava is offered for sale via onsite Public Auction on Thursday 21st May 2026 at 2:00pm.\n\nFor further information or to arr ange an inspection\, please contact Gross Waddell ICR directly.\n\n*appro x. DTEND:20260521T150000 DTSTAMP:20260422T081128Z DTSTART:20260521T140000 LOCATION:185 Carlisle Street\, Balaclava VIC SEQUENCE:0 SUMMARY:Auction: 185 Carlisle Street\, Balaclava VIC UID:CRE-2020781407-Auction X-ALT-DESC;FMTTYPE=text/html:< title>

A DELICIOUS INVESTMENT
Gross Waddell ICR is pleased to offer for sale 185 Carlisle Street\, Balaclava\ , a high-quality retail investment positioned within one of Melbourne's m ost tightly held lifestyle precincts. Securely leased to acclaimed artisa n operator Baker In The Rye\, the asset delivers a compelling combination of income security\, strong underlying land value and long-term growth p otential.

Strategically located directly opposite the propos ed Coles redevelopment and surrounded by an established mix of national r etailers\, the property benefits from consistent foot traffic and a prove n retail environment\, reinforcing its position as a premium inner-city i nvestment.

Key Investment Highlights:

Securely leased to established artisan operator Baker In The Rye

Ne t rental income of $110\,000* per annum

New 5-year lease co mmencing November 2025 plus 2 further 5-year options

Fixed 3% annual rental increases with market reviews at options

I mpeccably refurbished building of 200sqm* with high-quality finishes

Substantial 250sqm* landholding with valuable dual street front age

Directly opposite the proposed Coles redevelopment\, se t to drive ongoing activation

Surrounded by leading nationa l retailers including Coles\, Woolworths\, Chemist Warehouse\, Grill'd\, Hunky Dory\, Schnitz\, Priceline Pharmacy and BWS

Positione d within the core of Carlisle Street's established retail and hospitality precinct

Immediate proximity to Balaclava Train Station
185 Carlisle Street\, Balaclava is offered for sale via onsite Public Auction on Thursday 21st May 2026 at 2:00pm.

For fur ther information or to arrange an inspection\, please contact Gross Wadde ll ICR directly.

*approx.

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