101 Lygon StreetCarlton VIC 3053
Property Details for 101 Lygon St, Carlton
Last Listing description (October 2023)
Cushman & Wakefield and Jones Real Estate, under instruction of Advise Transact, are privileged to offer Oporto Carlton, 101 Lygon Street, Carlton to the international marketplace For Private Sale
This international retailer, Oporto, is owned by Craveable Brands & PAG Asia Capital who operate over 570 restaurants in Australasia & Southeast Asia. Craveable Brands chose 101 Lygon Street for a long term 10-year lease, with options to 2053, given the high density 94,600^ residential dwellings within the CBD and northern fringe pocket together with Melbourne University, RMIT University, ACU and other TAFE's/institutions on the property's immediate doorstep!
The property is undeniably positioned for success for the generations to come.
Key features of the investment include:
- A brand new, long term 10-year lease underwritten by major fast food retailer Oporto (Craveable Brands Limited) returning $140,000 p.a + GST & Outgoings with fixed annual rental increases future proofing the asset for the decades to come.
- Strategically positioned directly within Melbourne's internationally acclaimed University & Hospitality Precinct, with 94,600^ residential dwellings on the doorstep and over 300,000 students living within close proximity to the property.
- Comprising of a Gross Lettable Area Retail (GLAR) of 267sqm*. This property is a newly refurbished two-level retail premises, double fronted with 9.5m* of direct Lygon St frontage, together with rear access via ROW.
- Adjoining CBD north on Russell St, home to an average of 413,200^ people daily, including over 150,000 students at RMIT, Melbourne University & ACU all within a 1km radius of the property^.
- According to Roy Morgan research, Inner City Melbourne residents (40%) are the Australians most likely to use meal delivery services. The tenant's location (Inner City Melbourne) use (fast food) is amplified by adoption of technology (DoorDash, EASI, Menulog, UberEats / take-away) within a high-density precinct.
- Property is zoned Commercial 1 - C1Z.
For further information, please contact the exclusive selling agents.
Cushman & Wakefield:
George Davies | +61 421 799 489
Anthony Kirwan | +61 431 952 430
Karim Ford | +61 492 478 830
Jeff Ha | +61 401 145 166
Jones Real Estate:
Paul Jones | +61 488 779 749
Sam Guest | +61 458 467 482
Luke Peric | +61 432 467 771
Tim Spargo | +61 402 747 030
*Approx.
^Melbourne.vic.gov/dailypopulation.
^^ https://studentcities.com.au
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
Property History for 101 Lygon St, Carlton, VIC 3053
- 24 Aug 2023Listed for Sale Contact Agents Today
- 05 Aug 2021Sold for $4,325,000
- 02 Dec 2020Listed for Rent $150 / week
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0About Carlton 3053
The size of Carlton is approximately 1.7 square kilometres. It has 9 parks covering nearly 20.9% of 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 15,933 properties. Over the last 5 years, Houses in Carlton have seen a -7.45% decrease in median value, while Units have seen a -11.50% decrease. As at 30 April 2026:
- The median value for Houses in Carlton is $1,525,671 while the median value for Units is $348,541.
- Houses have a median rent of $864 while Units have a median rent of $560.
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