Sale

171 Lygon Street, Carlton VIC 3053

$1,750,000 - $1,910,000
246m2
145m2
Retail, Other, Hotel/Leisure

Vendor Said Make Me A Fair Offer.

Stockdale Leggo Real Estate presents 171 Lygon street Carlton.
Key attributes:
-Two separate tenancies. (Independant leases)
-The total rental return is $100,000 plus GST and outgoings.

Ground floor lease: Restaurant
– $78,000pa plus GST & Outgoings.
– Commenced 23rd of June 2023 – Three years.
– 3 year option
– Annual Increases to CPI, Market review at exercise of option

First floor lease: Design Studio
– $22,000pa plus GST & Outgoings.
– Commenced 23rd May 2023 – 2 Years
– 3 Year Option
– Annual Increases to CPI, Market review at exercise of option

Frontage 6.59 meters Depth 21.72 meters (rear lane access to ground floor Tenancy)
Land Area 145 SQM
Building Area 246 SQM (Gross)
Situated in one of Melbourne’s pristine tourist precincts with strong foot traffic and surrounded by leading retailers and venues.
An abundance of public car parking available and underpinned by excellent transport services and a strong local demographic.
171 Lygon Street Carlton presents an outstanding opportunity to acquire a sought-after retail investment, providing the successful purchaser a trophy investment within a premier tourist precinct.

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