Gross Waddell ICR, in conjunction with Belle Property Commercial, is pleased to present this exceptional two-level corner freehold in the heart of Caulfield North. Offering secure income, prominent exposure and outstanding long-term development potential, this rare investment opportunity is ideally positioned within one of Melbourne’s most tightly held commercial precincts.

• Highly visible two-level corner freehold of 1,155sqm* with exceptional exposure to Balaclava Road

• Situated on a generous 1,153sqm* landholding and zoned Commercial 1 (C1Z)

• Positioned in a tightly held and well-regarded Caulfield North Retail/Commercial precinct

• Fully leased to two established tenants — Kieser Training and Access Business Centres — providing secure income streams from proven, nationally recognised operators

• Strong combined annual income of $516,300* per annum net

• Substantial on-site car parking for 27 vehicles, a rare and highly sought-after feature in this location

• Surrounded by a diverse mix of commercial, retail and service-based businesses, contributing to consistent demand and a thriving local customer base

• Significant long-term future development upside, supported by the property’s corner position, landholding and substantial frontage, offering scope for future value creation (STCA) at the end of leases

*approx.

189-191 Balaclava Road, Caulfield North is offered for sale via Expressions of Interest closing Thursday 5th March 2026 at 3pm. For more information or to arrange an inspection, please contact Gross Waddell ICR or Belle Property Commercial directly.

Gross Waddell ICR:
Alex Ham - 0410 545 226
Michael Gross - 0419 355 561

Belle Property Commercial:
Daniel Liberman - 0438 333 666
Charles Carty - 0438 277 050