Gross Rent: $78,506 pa + GST
Leased to iconic tenant The Original Lolly Store
New Three (3) Year Lease with further options
Aston Commercial in conjunction with Premier Commercial are pleased to offer 267 Lygon Street, Carlton for sale by Public Auction on Thursday 27th October 2022 at 12 noon on-site.
Leased to The Original Lolly Store this tenant has been trading on Lygon Street for over 20 years and is as iconic as the retail strip itself.
On a newly exercised lease term with fixed annual increases this property provides an exceptional investment opportunity with its prime position on the famous strip surrounded by a number of decorated national business and long-standing operators.
This well presented two level freehold is positioned near the bustling intersection of Faraday Street and a short distance to the Lygon Court Shopping Complex. The property also benefits from rear access via Lygon Lane with a flexible upstairs home / office area.
To arrange an inspection or for more information, please contact the exclusive selling agents:
Liam Rafferty
Fred Nucara
Jason Perry (Premier Commercial)
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 16,053 properties. Over the last 5 years, Houses in Carlton have seen a -2.64% decrease in median value, while Units have seen a -10.58% decrease. As at 31 December 2025:
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