189 Lygon StreetCarlton VIC 3053
Property Details for 189 Lygon St, Carlton
Last Listing description (April 2026)
Teska Carson are pleased to present 189 Lygon Street, Carlton by way of public auction on Wednesday 22nd April at 1pm on site.Secure a blue-chip retail investment in one of Melbournes most iconic dining and lifestyle precincts. Positioned in the heart of Lygon Streets bustling restaurant strip, this property offers investors a stable income stream backed by a well-established hospitality operator.Investment highlights: Long-term lease security Term of 7 years commenced 12/05/2025 with 4-year option toTabouli, an established and popular restaurant Strong net income $76,590 per annum + outgoings & GST as at 14/05/2026 Annual rental growth 3.5% fixed increases Generous building area 222m* Land 173m2 Prime Lygon Street location surrounded by Melbournes renowned eateries, cafes and retail Rear access with secure garage parking for 2 cars High foot traffic position in a tightly held hospitality and retail precinctWith a long-term lease, fixed rental growth and a proven tenant,189 Lygon Street, Carlton represents an outstanding opportunity for investors seeking a set-and-forget asset in a premier inner-city location.To arrange an inspection, please dont hesitate to contact the listing agents.
Property History for 189 Lygon St, Carlton, VIC 3053
- 21 Apr 2026Sold
- 18 Mar 2026Listed for Sale Contact Agent
- 27 Feb 2013Listed for Rent - Price not available
Recent sales nearby
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About 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 16,038 properties. Over the last 5 years, Houses in Carlton have seen a -3.89% decrease in median value, while Units have seen a -11.11% decrease. As at 31 March 2026:
- The median value for Houses in Carlton is $1,571,182 while the median value for Units is $344,739.
- Houses have a median rent of $843 while Units have a median rent of $560.
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