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522 Lygon Street
Brunswick East VIC 3057
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Sold on 5 Apr 2024

522 Lygon Street Brunswick East VIC 3057

  • Shop & Retail
  • 182 m²
  • Sold, $925,000

SECURE COMMERCIAL INVESTMENT OFFERED WITH AN EXCELLENT RENT RETURN!

    Leo Kikyris & Steve Kikyris of Jason Commercial are pleased to offer for sale to the public market: 522 Lygon Street, Brunswick East.

    This is your opportunity to secure this retail front with dual street frontage to Lygon Street and Eddy Street. Currently occupied by the popular local REWINE Wine Bar & Wholesaler this property provides you with a golden opportunity to enter the market with an established tenant with a licenced venue wine bar and retailing liquor/associated stock.

    Secure the rental income now and potentially plan to occupy or develop this space in the future. Current rental income received is $55,000 per annum net, with tenants paying all outgoings/rates.

    The front of the property provides a great front of house fit-out with an appreciable emphasis on the bar/point of sale lined with the many rows of wooden wine-filled casks and decorative features. There is plenty of patron seating available and retailing area too.

    The rear of the premises allows for plenty of room to move around when receiving deliveries and semi-trailer drop-offs to the storage area. This is a HUGE bonus to the operators who have PLENTY OF ROOM TO MOVE via the rear Eddy Street access point.

    Property includes solar panels with capacity of 5.5KW, 3-phase power, gas ready, a recently refurbished roof and new box gutters. The venue currently holds an approved liquor license to serve alcohol with patron capacity limit of 30.

    All enquiries must include full first name & surname, mobile number and email address.

    For a detailed discussion regarding your future purchase plans and for further information regarding this property, please feel free to contact below agent/s.

    Leo Kikyris
    0408 365 860
    leo@jason***

    Steve Kikyris
    0438 143 327
    steve@jason***

    JASON REAL ESTATE COMMERCIAL PTY. LTD
    JASON REAL ESTATE COMMERCIAL PTY. LTD
    201C Melrose Dr
    Tullamarine, VIC 3043

    Property Highlights

    Date Sold5 Apr 2024
    Sold Price$925,000
    Floor Area182 m²
    Land Area182 m²
    Parking1 x Onsite parking
    Property ID2018870607
    Category
    Last updated  3 Apr 2024
    Map for 522 Lygon Street Brunswick East VIC 3057
    JASON REAL ESTATE COMMERCIAL PTY. LTD
    JASON REAL ESTATE COMMERCIAL PTY. LTD
    201C Melrose Dr
    Tullamarine, VIC 3043

    Property Highlights

    Date Sold5 Apr 2024
    Sold Price$925,000
    Floor Area182 m²
    Land Area182 m²
    Parking1 x Onsite parking
    Property ID2018870607
    Category
    Last updated  3 Apr 2024

    Co-Agents

    Leo Kikyris
    JASON REAL ESTATE COMMERCIAL PTY. LTD
    Call
    0408 365 860
    Steve Kikyris
    JASON REAL ESTATE COMMERCIAL PTY. LTD
    Call
    0438 143 327

    More about 522 Lygon Street Brunswick East VIC 3057

    522 Lygon Street Brunswick East VIC 3057 is categorized as Shop & Retail Property. It has a floor area of 182 m² and a land area of 182 m². There are 1 x onsite parkings.The listing ID for this property is 2018870607.

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