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98-100 Lygon Street, Brunswick East, VIC, 3057

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+24 Photos

SOLD

98-100 Lygon Street, Brunswick East, VIC, 3057

Properties / Sold / Victoria / Brunswick East

Tenanted Investment

1. Property Summary

Selling Method

Auction

Land Area

345 m² (*approx)

Floor Area

261 m² (*approx)

Property Type

Retail

Terms

Strong 10 year lease plus options

Est. Income

$170,000 p/a

Fully Leased

Maggie’s Snacks & Liquor

Show All

2. Property Highlights

Unrivalled Inner City Gem With Strong 10 Year Lease To Proven Tenant

Absolute Prime Trading Position
Renovated Double Fronted Freehold
Valuable Land Holding of 345sqm*

Fitzroys, under instructions from Advise Transact, is delighted to present 98-100 Lygon Street, Brunswick East for Sale By Public Auction on Friday 22nd March at 1pm on site.

Key investment attributes include:

- Strong 10 year lease plus options to highly experienced hospitality operators trading as Maggie’s Snacks & Liquor

- Fixed annual rental increases

- Two shops offered together with dominant street frontage of over 10 metres

- Highly sought, rarely offered inner city land holding of 345sqm*

- Recently completed renovation encompassing a fully activated hospitality premises with multiple seating zones, front bar, commercial kitchen, private function room and courtyard

- Brilliantly located within East Brunswick’s renowned food and beverage precinct surrounded by an array of hospitality institutions drawing consistent and loyal patronage from across wider Melbourne

- Excellent connectivity and exposure with Trams 1 & 6 stopping directly outside the property and 22,000* cars passing by daily

- Surging location with various residential towers in immediate proximity with the commercial precinct set to further benefit from planned high density residential development nearby

- Ideal set and forget inner city investment with future value add potential (stca)

For further information or an inspection, please contact exclusive selling agents, Fitzroys.

*approx.

Remember to mention you found this property on CommercialReady

Property Type

Retail

Est. Income

$170,000 p/a

Tenant

Maggie’s Snacks & Liquor

Terms

Strong 10 year lease plus options

Land Area

345 m² (*approx)

Floor Area

261 m² (*approx)

Selling Method

Auction

Auction Date

22 Mar 2024 01:00PM

Add to calendar

2. Property Highlights

Unrivalled Inner City Gem With Strong 10 Year Lease To Proven Tenant

Absolute Prime Trading Position
Renovated Double Fronted Freehold
Valuable Land Holding of 345sqm*

Fitzroys, under instructions from Advise Transact, is delighted to present 98-100 Lygon Street, Brunswick East for Sale By Public Auction on Friday 22nd March at 1pm on site.

Key investment attributes include:

- Strong 10 year lease plus options to highly experienced hospitality operators trading as Maggie’s Snacks & Liquor

- Fixed annual rental increases

- Two shops offered together with dominant street frontage of over 10 metres

- Highly sought, rarely offered inner city land holding of 345sqm*

- Recently completed renovation encompassing a fully activated hospitality premises with multiple seating zones, front bar, commercial kitchen, private function room and courtyard

- Excellent connectivity and exposure with Trams 1 & 6 stopping directly outside the property and 22,000* cars passing by daily

- Surging location with various residential towers in immediate proximity with the commercial precinct set to further benefit from planned high density residential development nearby

- Ideal set and forget inner city investment with future value add potential (stca)

For further information or an inspection, please contact exclusive selling agents, Fitzroys.

*approx.

Remember to mention you found this property on CommercialReady

Tenanted Investment