5/252 Lygon StreetCarlton VIC 3053
Property Details for 5/252 Lygon St, Carlton
Last Listing description (September 2023)
Located in heart of Carlton, the place where Melbourne's famous cafe culture was born, Lygon Street is crammed with Italian restaurants, ice-cream shops, boutiques and bars.
Property Features:
- Fantastic seating over two floors
- Building including cover alfresco area approx. 436.6m2
- Full Commercial Kitchen
- Function Room
- Terrace Balcony
- Two car spaces
- Lease to use as Restaurant and take away.
Lease Details:
- 5 x 5 x 5 x 5 years commencing 12/2/2021 plus further terms of 5 years each.
- Currently returning $120,000 net per annum plus GST
- As and from12/2/2023 $155,000 net per annum plus GST
- As and from 12/2/2024 $161,200 net per annum plus GST
- As and from 12/2/2025 $167,648 net per annum plus GST
- Security deposit equal to three (3) months of rental
Property History for 5/252 Lygon St, Carlton, VIC 3053
- 18 May 2023Listed for Sale $4,850,000 - $5,000,000
- 28 Jul 2022Listed for Sale Expression of interest
- 14 Jul 2015Sold for $4,750,000
Recent sales nearby
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About Carlton 3053
The size of Carlton is approximately 1.7 square kilometres. There are 9 parks, covering nearly 20.9% of the total area. The population of Carlton in 2016 was 18535 people. By 2021 the population was 16055 showing a population decline of 13.4% in the area during that time. The predominant age group in Carlton is 20-29 years. Households in Carlton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carlton work in a professional occupation.In 2021, 23.30% of the homes in Carlton were owner-occupied compared with 18.60% in 2016.
Carlton has 16,059 properties. Over the last 5 years, Houses in Carlton have seen a -12.29% decrease in median value, while Units have seen a -13.64% decrease. As at 31 July 2026:
- The median value for Houses in Carlton is $1,453,978 while the median value for Units is $341,114.
- Houses have a median rent of $883 while Units have a median rent of $570.
Suburb Insights for Carlton 3053
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