Colliers presents 150 Lygon Street, Carlton, for sale via on-site public auction on Thursday, 21 November, at 2:30 pm (AEDT). The property offers a rare opportunity to acquire a prime asset in one of Melbourne’s most renowned food and retail  precincts. 

The property features a building area of 165 sqm and a land area of 90 sqm and is securely leased to Beku Gelato Carlton, a highly regarded tenant operating since 2017. The lease commenced on 1st  July 2023, with a term of three years and one further term of three years, generating an annual rent  of $63,345, with fixed annual increases of 3%.  

Located in the heart of Lygon Street, Carlton, this property benefits from the area’s lively atmosphere and rich café culture, attracting a diverse crowd of food lovers, shoppers, and tourists.  The area is home to a dynamic mix of trendy eateries and high-end retailers, offering an ideal setting  for businesses and a prime investment for those seeking long-term growth. 

Colliers Executive Lucas Soccio commented, “The ability to purchase a commercial asset on one of  Melbourne’s most prominent retail strips situated within immediate proximity to Melbourne’s CBD is  a significant opportunity. The offering encompasses a three-year initial term with options until 2029,  providing a secure investment with the ability to add further value in the near future.” 

James Zhuang, Colliers Executive, added, “The retail market has seen confidence levels return, with  investment assets situated in grade locations encompassing strong tenants and long-term leases  seeing the majority of the demand. Retail assets priced between $1,000,000 and $2,000,000 have  received the largest quantum of enquiry levels.” 

The property’s prime location ensures steady foot traffic, excellent public transport links, and high  visibility. Carlton’s proximity to Melbourne’s CBD and the University of Melbourne guarantees a  constant flow of potential customers. With Lygon Street’s enduring appeal and continued commercial development, this property promises lasting value and a solid long-term return on  investment.

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