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23 William Street
Balaclava VIC 3183
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Sold on 11 Oct 2018

23 William Street Balaclava VIC 3183

  • Development / Land
  • 1,011 m²
  • 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.

Knight Frank - Melbourne
Knight Frank - Melbourne
Level 29, 120 Collins Street
Melbourne, VIC 3000

Property Highlights

Date Sold11 Oct 2018
Floor Area1,011 m²
Land Area1,011 m²
ParkingOn site parking available
Property ID2014625852
Category
Last updated  13 Jan 2021
Map for 23 William Street Balaclava VIC 3183

Nearest transport* to 23 William Street Balaclava VIC 3183

Bus
Train
Tram
Chapel St/Brighton Rd (Balaclava)409 m
Wimbledon Ave/Brighton Rd (Elwood)435 m
Dickens St/Brighton Rd (St Kilda)483 m
The Avenue/Hotham St (St Kilda East)484 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Knight Frank - Melbourne
Knight Frank - Melbourne
Level 29, 120 Collins Street
Melbourne, VIC 3000

Property Highlights

Date Sold11 Oct 2018
Floor Area1,011 m²
Land Area1,011 m²
ParkingOn site parking available
Property ID2014625852
Category
Last updated  13 Jan 2021

Listed by

Knight Frank - Melbourne
Call
0396025722

More about 23 William Street Balaclava VIC 3183

23 William Street Balaclava VIC 3183 is categorized as Land & Development Property. It has a floor area of 1,011 m² and a land area of 1,011 m². The listing ID for this property is 2014625852.

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