338 Carlisle Street, Balaclava

*Expressions of Interest closing Tuesday 2 June at 5:00pm* Grand Tudor-loft style building on a substantial corner allotment of (approx) 615 sqm currently set up as 3 mansion apartments offering an array of potential uses. · Residential , live in one , rent the others out · Subdivide /redevelop multi unit site (stca and town planning) · Commercial usage -- offices /professional suites (stca and town planning) The layout is flexible rather than fixed. Ten bedrooms and four bathrooms span the ground and first floors, with three kitchens, several living areas, two sunrooms, an office, and storerooms throughout. The configuration suits extended family living, guest accommodation, consulting suites, or an investment hold with the ability to generate multiple income streams. The facade remains intact, and the home retains the architectural cues of its era within an enclave known for interwar character. The grounds offer wide frontage, depth to the rear and off-street parking for four vehicles, with a separate basement adding further storage or workshop potential. There's scope for restoration, reconfiguration or something more ambitious (subject to council approval). This is one of the inner-city's genuinely complete neighbourhoods. Cafés, bakeries, gyms, personal services and independent retail are at the doorstep, alongside the food culture, weekend energy and creative pulse the area has long been known for. Balaclava Station and tram routes put the CBD within easy reach, while the St Kilda Botanic Gardens, Alma Park and a strong selection of leading independent schools complete a location with little left to want for. The investment case stacks up on three fronts: 615sqm (approx) of land in a pocket that rarely turns over, an income-ready set-up, and clear value-add upside. All information provided, including floorplans, room dimensions, and land size, is indicative only and intended for general guidance. Belle Property does not guarantee the accuracy or completeness of any plans, illustrations, or representations shown in marketing materials. We recommend that all prospective buyers conduct their own research, seek independent advice, and confirm all details independently prior to making any property-related decisions. Belle Property accepts no responsibility for any discrepancies or misstatements.