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238 Lygon Street
Carlton VIC 3053
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Sold on 5 Jun 2024

238 Lygon Street Carlton VIC 3053

  • Shop & Retail
  • 243 m²
  • Sold

Iconic Lygon Street Freehold Leased to Longstanding (40+ Years) Hospitality Institution

    Stonebridge Property Group is pleased to present for sale 238 Lygon Street, Carlton, under instructions from liquidators Dye & Co.

    The key highlights of the opportunity include:

    - A Lygon Street freehold with unrivalled fundamentals, tenanted by a stalwart of Carlton's hospitality industry - La Spaghettata

    - La Spaghettata 100% lease the property on a renewed 5-year term with 2 further 5-year options through to 2038

    - The longstanding hospitality tenant has been trading out of the property for over 40 years, establishing itself as one of Melbourne's most well known and successful Italian restaurants

    - The building enjoys prominent Lygon Street frontage providing valuable retail exposure and allowing advantageous outdoor seating

    - Providing annual income of $88,000* + GST

    - Strategically positioned 256 sqm* landholding with highly accessible rear lane access and on-title parking

    - The double level terrace spans 243 sqm* with expansive open plan floor plates perfectly suited to hospitality

    - Ideally positioned in the world famous Lygon Street retail precinct, home to a multitude of national and international retailers in addition to some of Melbourne's most recognised hospitality venues

    - The precinct's 24/7 retail activity is underpinned by its proximity to the Melbourne CBD (650 m*) and nearby education institutions (The University of Melbourne and RMIT)

    238 Lygon Street, Carlton is offered for sale via Public On-site Auction on Wednesday 5th June 2024 at 2:30pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

    Nic Hage
    0448 782 594

    Rorey James
    0439 400 081

    Ian Lam
    0416 621 859

    * Approximately

    Property Code: 948

    AUCTION

    Auction date and time05/06/2024 14:30
    Auction locationSee description
    Stonebridge Property Group VIC
    Stonebridge Property Group VIC
    Level 19, 627 Chapel Street
    South Yarra, VIC 3141

    Property Highlights

    Date Sold5 Jun 2024
    Floor Area243 m²
    Land Area256 m²
    ParkingAsk Agent
    Property ID2019236842
    Category
    Last updated  5 Jun 2024
    Map for 238 Lygon Street Carlton VIC 3053
    Stonebridge Property Group VIC
    Stonebridge Property Group VIC
    Level 19, 627 Chapel Street
    South Yarra, VIC 3141

    Property Highlights

    Date Sold5 Jun 2024
    Floor Area243 m²
    Land Area256 m²
    ParkingAsk Agent
    Property ID2019236842
    Category
    Last updated  5 Jun 2024

    Co-Agents

    Nic Hage
    Stonebridge Property Group VIC
    Call
    +61 448 782 594
    Rorey James
    Stonebridge Property Group VIC
    Call
    +61 439 400 081
    Ian Lam 林煒峻
    Stonebridge Property Group VIC
    Call
    0416 621 859

    More about 238 Lygon Street Carlton VIC 3053

    238 Lygon Street Carlton VIC 3053 is categorized as Shop & Retail Property. It has a floor area of 243 m² and a land area of 256 m². The listing ID for this property is 2019236842.

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