Gorman Commercial FOR SALE

265 Lygon Street, Carlton

auction

PRIME RETAIL INVESTMENT WITH UPSIDE

Rare opportunity to acquire this versatile two-storey freehold investment with potential rental uplift and surrounded by an abundance of lifestyle amenity.

Auction: Thursday 19th May 2022 at 12 noon on-site

Key features comprise:

* Lease term: 5 + 5 years
* Income: $77,600 pa + GST to be increased to $87,600 pa + GST in November 2022
* Exceptional freehold building of 214 sqm* and substantial Lygon Street frontage
* Significant fixed annual rental increases
* Rear access via Dorrit Street
* Surrounded by major tenants including King & Godfree development, Country Road, Mecca, Grill'd

Ideally located within arguably the best position in the strip, nearby the bustling Lygon Street / Faraday Street intersection and surrounded by all that this magical location has to offer.

Listing Highlights

  • Versatile two-storey feehold
  • Significant rental upside
  • Substantial Lygon Street frontage

Property Details

Asset Type
Retail
Building Area
214 m2*
Price
Contact Agent

Tom Maule

0401 636 049

tmaule@gormancommercial.com.au