370 Lygon Street, Brunswick East, VIC 3057

Industrial | Development/Land | Retail

Sold

  • Property ID: 434771
  • Floor Area: 358m²
  • Land Area: 476m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 07/09/2023 358m2 476m2 Contact Agent
THE NORTHSIDE'S MOST ADVANTAGEOUS ASSET.

POINT OF INTEREST:
True to its neighbourhood, this is a single-level brick warehouse situated amongst Brunswick East’s high-traffic, high-rise, and highly desirable Lygon Street. This is 476 sqm* of Lygon Street land up for sale, with a 358 sqm* building established within. The space benefits from high internal clearance, a 4.5m* high roller door, and a fitting office component within the floor plan. Amenities also include a kitchenette, bathroom, and 4 car spaces* on-site (a rare feat for this postcode).

Century Tyres are paying $6,000 per calendar month plus GST and outgoings to occupy the space, but the month-to-month contract takes your ambitions as a first priority. If the bustling neighbourly developments have got you thinking about something similar, the commercial 1 zoning and freehold title provides ample scope for future development here, not to mention the vast 9.75 m* frontage to Lygon Street.

Sitting in between the junctions of Lygon and Blyth Street and Lygon and Victoria Street, you’re surrounded by a melting pot of beloved local businesses and residential pockets. The north know how to public transport, and the 1 and 6 tram is a few metres from your doorstep, while the 508 buses also run along Blyth. In terms of arterials, you’re 650 m* away from Nicholson Street and 900 m* from Sydney Road — both acting as the northside spines.

- Currently leased to Century Tyres on a month-to-month basis at $6,000 plus GST and outgoings.
- 358 sqm* total building area.
- 476 sqm* total land area.
- 9.75 m* frontage to Lygon Street.
- Commercial 1 zoning and a freehold title.
- 4 car spaces on-site.
- Thriving hospitality and business precinct.
- 4 km* North of the Melbourne CBD.
- No. 1 & 6 tram on Lygon Street.
- 1.3 km* to Brunswick Train Station.

POINT OF VIEW:
An asset that’s in its prime for purchase from every point you look at it, this is a commercial acquisition that takes a portfolio — or a business — to its apex.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Subject to a monthly tenancy
  • Car Spaces: 4 on site
  • Condition: Good
  • Floors: Concrete
  • Lifts: N/A
  • Height: Circa 5m*
Outgoings
  • Water Rates: $1,217.08
  • Land Tax: TBA
  • Council Rates: $6,183.97
Brunswick East Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $4262 $162 3.80%
Retail --- $500 ---
Offices $6154 $630 10.24%
This is the average advertised price, rent and yield for Brunswick East, VIC 3057*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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