4-6 Person Internal Private Office | 21sqm

Description

Property Overview:

Positioned on a prominent site in Caulfield North’s retail and commercial precinct, this two-level property comprises office and commercial accommodation with strong exposure to Balaclava Road. The building is fully leased to established operators and offers significant income security and development potential in one of Melbourne’s tightly held commercial neighbourhoods.

Inclusions:

• Fully leased office / commercial building offered as a freehold investment
• Floor area of approx. 1,155 sqm over two levels
• Generous land holding of approx. 1,153 sqm on a corner site
• Significant on-site parking for approx. 27 vehicles

Amenities:

• Prominent Balaclava Road frontage with high street visibility
• Well-regarded commercial and retail precinct with a mix of professional services, health, fitness and business operators
• Ample on-site parking — a rare feature in the local market
• Dual level building offering flexibility in tenant mix and end-of-lease repositioning

Outgoings:

• Offered for sale — investors acquire freehold interest with existing lease income
• Tenants pay statutory outgoings and rents per existing lease agreements (contact agent for specifics)

Investment Environment:

189–191 Balaclava Road represents a rare corner freehold investment in a tightly held Melbourne suburban commercial market with strong tenant covenants and secure rental income. The property’s combination of visibility, parking, and established tenant performance supports both immediate income return and future upside through potential re-positioning or redevelopment (subject to planning and approvals).

Location:

• Close to major transport links including Malvern, Caulfield and Armadale train stations and multiple tram/bus routes along Balaclava Road itself.
• Surrounded by a mix of retail, medical, fitness and professional service businesses, enhancing daytime foot traffic and commercial catchment.
• Part of a suburb with residential population and strong household incomes, supporting the local business ecosystem.