323 Lygon Street, Carlton, VIC 3053 | Property Value & History | OnTheHouse
 
OFF MARKET

323 Lygon Street
Carlton VIC 3053

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 297m2
Land area: 121m2
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Property Details for 323 Lygon St, Carlton

Building Type
Commercial
Floor Size
297m2
Land Size
121m2
Local Government
Melbourne
Lot/Plan
1/TP855455

Last Listing description (December 2022)

Knight Frank are proud to present 323 Lygon Street, Carlton a premium retail investment opportunity located in the heart of Melbourne's most famous and influential retail strip. For Sale via International Expressions of Interest closing Friday 25 November at 2pm (AEDT).

Key Highlights:

- Tightly held first time offered to market in over 20 years.
- Returning $107,973.12 p.a. + Outgoings + GST (as at 10 September 2022).
- Leased to well established tenant Milk the Cow who have a strong trading history with multiple stores across Melbourne and has been operating from the premises for almost 10 years.
- Significant freehold of 119.6 sqm* with dual frontages via Lygon Street and Tesoriero Lane at rear.
- Well connected to public transport via trams on Elgin and Swanston Streets, as well as the Lygon Street Bus Interchange.
- Improved by a substantial two-level building.
- Flexible Commercial 1 Zoning.
- Premium location between Lygon's intersections with Faraday and Elgin Streets, Carlton's most popular and sought-after retail precinct home to world-class modern Italian eateries and national retail heavyweights alike.

For more information or to arrange an inspection, please contact the exclusive Knight Frank sales agents below.

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Property History for 323 Lygon St, Carlton, VIC 3053

A timeline of how this property has performed in the market
Last Sold
$680,000
19 May 2000
Listed for Rent
$1.89k/w
12 Sep 2014
  • 02 Nov 2022
    Listed for Sale Contact Agent
  • 14 Feb 2014
    Listed for Rent - Price not available
  • 19 May 2000
    Sold for $680,000
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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 16,050 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:

  • The median value for Houses in Carlton is $1,509,181 while the median value for Units is $328,866.
  • Houses have a median rent of $675 while Units have a median rent of $550.
There are currently 62 properties listed for sale, and 96 properties listed for rent in Carlton on OnTheHouse. According to Cotality's data, 655 properties were sold in the past 12 months in Carlton.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

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