Strategic Commercial 1 Freehold with Significant Upside - All Offers Considered

An exceptional opportunity for visionary developers and astute investors to acquire a tightly held commercial freehold in the heart of Balaclava’s premier retail and lifestyle precinct, now offered at a newly reduced price.
Positioned on approximately 170 sqm of Commercial 1-zoned land with an existing 81.7 sqm building, this versatile asset provides vacant flexibility, paired with compelling multi-level development potential (STCA). With precedent set by neighbouring multi-level developments and the major upcoming Coles transformation directly opposite, 139 Carlisle Street represents a prime land banking and value-add proposition in one of Melbourne's most tightly held inner-south corridors.

- Land Area: Approximately 170 sqm with prominent Carlisle Street frontage
- Building Area: Approximately 81.7 sqm of existing improvements
- Commercial 1 Zone (C1Z), offering broad usage and multi-level scope (STCA)
- Offered with vacant possession
- Dedicated on-site car parking at the rear with ample public parking behind
- Situated directly opposite the high-profile upcoming Coles development, ensuring long term precinct growth and surging pedestrian foot traffic

Carlisle Street, Balaclava is universally recognised as one of Melbourne’s most vibrant and resilient inner-south retail strips. Supported by exceptional lifestyle amenities, renowned cafes, and robust public transport infrastructure, including immediate proximity to Balaclava Railway Station and multiple tram routes.

This property offers an unmissable entry point for developers seeking their next boutique project or strategic commercial landholding in a premier location.