Caulfield Junction Opportunity

204-206 Balaclava Road, Caulfield North is a two storey building plus basement close to Caulfield Junction, with an existing permit to construct a five-level building.

The property sold for $5.02 million to Rabbi Menachem Wolf and his father who plan to move their not-for-profit organisation – Spiritgrow, a centre for spiritual wellbeing and Jewish mysticism – five doors down from their current premises. They intend to offer a dedicated meditation centre, lecture rooms, a library and a multipurpose room which will be used for the weekly Spiritshul service.