Thriving Freehold In The Prime of Lygon Street

Fitzroys is delighted to offer this thriving freehold investment located within the high foot traffic precinct of Lygon Street, Carlton for sale by Public Auction on Thursday 14th March at 12pm onsite.

The key attributes of this opportunity include:

• Situated within the highly desirable and tightly held shopping precinct of Lygon Street and surrounded by many of Australia’s leading fashion and hospitality operators.
• Substantial two-level freehold incorporating a separate first floor apartment.
• Site Area: 119sqm* with rear road access entered from Tesoriero Lane.
• Rent: $77,712 per annum plus outgoings and gst.
• Leased to long standing business – “Carlton Newsagency” with potential for significant rental growth (January 2025).
• Surrounded by outstanding and established national retailers including Sportsgirl, Country Road, Readings, Seed, Mecca, Woolworths, Cinema Nova and exciting eateries and bars including Grill’d, Brunetti, Tiamos, DOC Pizza, King and Godfrey, Johnny Vince & Sams to name a few.
• Exceptional public car parking options close by including the Elgin Street Public Car Park providing over 200 car spaces.
• Close proximity to major education and health providers including University of Melbourne, RMIT, Royal Melbourne Hospital and St Vincents Hospital.
• Excellent public transport services available with the Lygon Street tram stop - 112 only 50 metres* away and the soon to be completed Parkville underground train station within walking distance.

325 Lygon Street, Carlton presents an outstanding opportunity to acquire a highly sought after freehold located in the absolute prime of one of Melbourne’s established shopping precincts and underpinned by the immediate and substantial education catchment area.

*Approx.