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277 Lygon St 1,259 SF Retail Building Carlton North, VIC 3053 For Sale
Investment Highlights
- Retail property situated in the heart of Carlton’s renowned Lygon Street precinct.
- Strong frontage with exposure to a high-volume pedestrian and vehicle corridor.
- Secure lease with passing income of $48,000 p.a. plus fixed 3% annual rental increases.
- Approximately 117 sqm of internal space on an 83 sqm site.
- Iconic Lygon Street freehold offered for the first time since the 1940s (approx.).
- Lease expiry April 2028 with further options to 2034; tenant pays 100% of outgoings (ex. land tax).
Executive Summary
An extraordinary opportunity to secure a tightly held freehold investment along one of Melbourne’s most iconic retail and dining destinations. Offered for the first time since the 1940s (approx.), Shop 277 Lygon Street combines long-term investment security with blue-chip positioning in a premier lifestyle precinct.
Comprising a land area of approximately 83 sqm* and a building of 117 sqm*, the property is prominently located near the Faraday Street intersection, benefiting from exceptional foot traffic and strong local amenity. The property includes existing café infrastructure and is currently leased to a quality occupant, providing passing income of $48,000 per annum with fixed 3% annual rental increases and lease term security through April 2028, plus options to 2034.
With the tenant responsible for 100% of outgoings (excluding land tax), this investment delivers strong holding income and medium-term flexibility for future repositioning or value-add strategies. Positioned just minutes from Melbourne CBD and supported by frequent tram routes, this generational Lygon Street holding represents an unmatched retail investment opportunity.
Comprising a land area of approximately 83 sqm* and a building of 117 sqm*, the property is prominently located near the Faraday Street intersection, benefiting from exceptional foot traffic and strong local amenity. The property includes existing café infrastructure and is currently leased to a quality occupant, providing passing income of $48,000 per annum with fixed 3% annual rental increases and lease term security through April 2028, plus options to 2034.
With the tenant responsible for 100% of outgoings (excluding land tax), this investment delivers strong holding income and medium-term flexibility for future repositioning or value-add strategies. Positioned just minutes from Melbourne CBD and supported by frequent tram routes, this generational Lygon Street holding represents an unmatched retail investment opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,259 SF
Building Class
C
NOI
$47,175 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.41
Lot Size
0.02 AC
Frontage
13’ on Lygon St
Amenities
- Accent Lighting
- Air Conditioning
Nearby Major Retailers
1 of 12
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277 Lygon St
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