Under instruction from liquidators Dye & Co. .Stonebridge Property Group is pleased to present for sale 280 Lygon Street, Carlton.
The key highlights of the opportunity include:
- A trophy Lygon Street corner investment with AAA+ Underlying Fundamentals and net lease to national food chain - Zeus Street Greek
- Zeus Street Greek tenant the property on a 7-year lease with options through to 2043 and favourable 3.5% annual increases
- Since founding in 2014, Zeus Street Greek now operates 31 stores nationwide providing casual, fresh, and fast Greek cuisine dining experiences.
- The founders of Zeus Street Greek have a strong history of hospitality success having previously founded national business Crust Gourmet Pizza (136 stores)
- The freehold building enjoys 32 m* of combined corner frontage providing valuable business exposure and advantageous outdoor seating
- Providing annual income of $93,150 + GST*
- Strategically positioned on an expansive 156 sqm* landholding with highly accessible side/rear lane access
- The building spans 310 sqm* of ultra-high quality hospitality space complete with a commercial grade kitchen
- 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 (800 m*) and nearby education institutions (The University of Melbourne and RMIT)
280 Lygon Street, Carlton is offered for sale via Public On-site Auction on Wednesday 8th May 2024 at 12:30pm (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
Sarah Xi ???
0468 320 297
* Approximately
Property Code: 929