CITY FRINGE INVESTMENT WITHIN HOSPITALITY HOT SPOT
108 Lygon Street
Carlton
121m2
Retail
Gross Waddell ICR is pleased to present 108 Lygon Street, Carlton to the market for sale.
This outstanding retail investment is securely leased to popular Malaysian restaurant Warisan Secangkir, positioned within one of Melbourne’s most tightly held hospitality precincts.
Benefitting from strong rental growth, excellent exposure and immediate proximity to the CBD, this is a high-quality opportunity suited to both private and institutional investors seeking a proven income stream in a blue-chip location.
Key Investment Highlights:
• Securely leased to well-established operator Warisan Secangkir (Malaysian restaurant)
• Income of $72,800* per annum
• Five (5) year lease plus further five (5) year option
• Fixed annual rental increases of 4% providing strong income growth, market review at option
• Includes onsite parking for 2 cars
• Positioned within the heart of Lygon Street’s renowned hospitality strip, surrounded by an abundance of established operators
• Premium inner-city location on the doorstep of Melbourne CBD with strong foot traffic and public transport connectivity
For more information or to arrange an inspection, please contact Gross Waddell ICR directly.
*approx.
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