2, 71-73 Lygon Street, Brunswick, VIC, 3056

Private Sale by Close Date 22nd April 2026 at Midday. 

POINT OF INTEREST:

On Lygon Street, good operators draw a crowd, but great investments draw priceless equity. At Shop 2, this 124 sqm* retail investment sits on Melbourne’s most storied food strip, leased to local favourite Halikarnas on a freshly renewed 3 + 3 year term, returning $40,000 per annum + GST with 3% annual increases. 

Behind the prominent Lygon Street frontage, the tenancy reveals a modern hospitality layout designed to keep service flowing from kitchen to courtyard. The premises includes grease trap connection and extraction provisions, a well-configured dining space, and a private indoor–outdoor courtyard that adds flexibility for long lunches, evening service, and alfresco-style seating. The fit-out has already proven itself with Halikarnas earning an impressive 4.7-star Google rating from more than 565 reviews (so far). 

Positioned within Brunswick East’s thriving hospitality pocket just 3.5 km from Melbourne’s CBD, the property benefits from strong daily activity supported by surrounding apartment density, tram access along Lygon Street, and more than 22,000* vehicles passing the strip each day. For investors seeking a city-fringe retail holding with dependable income and undeniable cultural cachet, this is a chance to secure a seat at one of Melbourne’s longest-running tables.

- Leased to Halikarnas, a renowned Turkish institution.

- $40,000 + outgoings per annum in leasing income.

- 3+3-year recently renewed lease.

- 3% annual rent review.

- 124 sqm* total building area.

- Commercial 1 zoning.

- Modern restaurant with a grease trap and extraction provisions.

- 900 m* to Sydney Road / Royal Parade.

- 180 m* to the 1 or 6 tram and 1 km* to Jewell railway station.

- 3.5 km* to the CBD.

POINT OF VIEW:

Crowds build culture, and culture sways value. The tables may turn over nightly, but the investment fundamentals rarely do, and that’s the enduring appeal of Lygon Street.

*Approx.

Pricing excludes GST

Remember to mention you found this property on CommercialReady