Located in an ever popular bayside locale, surrounded by St Kilda and St Kilda East, Balaclava is one of Melbourne’s trendiest suburbs. Merely 6.50 km* to Melbourne's CBD, Balaclava revolves around cosmopolitan Carlisle Street which is underpinned by the train station, two tramlines and a Coles and Woolworth’s supermarket. Carlisle Street has emerged as one of Melbourne’s most sought after lifestyle precincts with a variety of cafes, bars and upmarket award winning restaurants. Extensive Council car parking ensures vibrancy and the long term viability of well known traders. 99 Hotham Street boasts an existing permit for an unrivalled townhouse and apartment development. The suburb now boasts a median house price of well over $1.3 million with an exceptionally strong rental market. Situated literally around the corner from Carlisle Street and the Balaclava train station tenancy demand is always strong.
•Unrivalled permit for a brilliantly designed inner city townhouse and apartment development
•Permit for 26 townhouses and 3 apartments
•Strategic land holding of 1,735 sqm* with three street frontages
•Exclusive bayside location with a median house price over $1,380,500
•Moments to Melbourne's premium beaches, providing an idyllic lifestyle
•Easy connectivity to the CBD and greater Melbourne, with tram stops meters from the property and Balaclava train station only 450 m* away
•Surrounded by plethora of choice when it comes to Melbourne’s most elite schools
The property is for sale via on-site public auction which is to be held on the 22nd of March at 12:30 pm. For further information or to discuss the opportunity further, please contact Gary Peer or Knight Frank directly.
