Retail

82 Lygon Street, Brunswick East VIC 3057

82 Lygon Street Brunswick East, VIC Australia 3057
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Building Area Gross
Land Area Gross ()

Property description

JLL Melbourne Commercial Sales are pleased to have the exclusive privilege of offering for sale this affordable retail freehold situated along one of Melbourne’s most celebrated retail strips at 82 Lygon Street, Brunswick East.


Key details of the opportunity include:


- High-profile two-level retail freehold of 326sqm

- Prominent Lygon Street frontage with valuable rear access

- Leased to longstanding and popular tenant - ‘Thaila Thai’ (in occupation for 20+ years)

- Long 9-year lease from 2016 with no further options providing ultimate flexibility

- Net Rental (as at 1/2/2022): $78,279 per annum with fixed 2.5% annual rental growth

- Tenant pays all recoverable outgoings

- Significant rental uplift and value-add potential

- Favourable Commercial 1 Zoning

- Renowned Brunswick East location surrounded by award winning operators including 400 Gradi, The B.East and Gelato Messina

- Positioned just 900 metres from Barkly Square Shopping Centre and Sydney Road Retail Precinct

- Convenient access to the Melbourne CBD with trams running along Lygon Street

 

82 Lygon Street, Brunswick East is For Sale via On-Site Public Auction on Thursday 2 December at 2:30pm


Inspection Times:

- Wednesday 24 November 1:45pm – 2:30pm

- Friday 26 November: 12:45pm – 1:30pm


To obtain further information or to arrange a private inspection, please contact the exclusive selling agents.

 

Jesse Radisich | 0402 085 702

Mark Stafford | 0404 401 053

MingXuan Li | 0498 688 998

Investment highlights

·      Tightly Held Retail Precinct

·      Longstanding Lygon Street Institution

·      Significant Upside Potential 

Last Updated Date: 22 Nov 2021

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Last Updated Date: 22 Nov 2021

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