Auction Thursday 27th October 2022 at 12 noon on-site 267 LYGON STREET CARLTON
267 LYGON STREET CARLTON INTRODUCTION 06 EXECUTIVE SUMMARY 08 TENANCY DETAILS 10 WHY BUY? 12 LOCATION 14 PROPERTY PARTICULARS 20 SALE METHOD 26 FLOORPLAN 27
INTRODUCTION 267 LYGON STREET 6CARLTON
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 businesses 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. We strongly recommend this opportunity for your serious consideration.
267 LYGON STREET CARLTON 7
leased to long standing
established
ZONING
Commercial 1 Zone – C1Z
LEASE DETAILS
Leased on a new Three (3) year term with further option on a Gross Rental of $78,506.52 pa + GST
AREA
Land Area: 103 sqm* Building Area: 124 sqm*
METHOD OF SALE
For Sale by Public Auction on Thursday 27th October 2022 at 12 noon on-site
TERMS OF SALE
10% deposit with balance payable in 60 days
Fred Nucara
Director
Jason Perry Director
Managing
0418 567 560 fred@astoncommercial.com.au EXCLUSIVE SELLING AGENTS EXECUTIVE SUMMARY
DESCRIPTION Secure investment
and
operator *approx.
267 LYGON STREET CARLTON Liam Rafferty Associate Director 0421 886 655 liam@astoncommercial.com.au
0412 560 510 jason@premierc.com.au 267 LYGON STREET 8CARLTON
Lolly
pa
Three (3)
1st May 2022
One (1) further three (3)
Fixed annual increases of 3%
OVERVIEW OF TENANT
The Original Lolly Store strives to supply everyone’s favourite treat. Although our base is old-fashioned boiled lollies, we also carry an extensive range of imported chocolates and lollies. We specialise in: Australian confectionary, American candy and drinks, English sweets and drinks, Dutch licorice, European chocolates, Scottish fudge and drinks and New Zealand goodies. We also offer a wonderful hamper service which can be tailored to your every need.
The Original Lolly Store has been Melbourne’s sweetest lolly store for over 20 years. If you want to find out what makes us so sweet, come visit us at any one of our store locations.
Other stores include Melbourne Emporium & The Glen Shopping Centre. https://theoriginallollystore.com.au/
Tenant: Arteff Pty Ltd Trading Name: The Original
Store Current Rent: $78,506.52
gross + GST Lease Term:
Years Commencement Date:
Options:
year option Rent Reviews:
TENANCY DETAILS
267 LYGON STREET 10CARLTON
WHY BUY?
LONG STANDING TENANT WHO HAS TRADED ON THE STRIP FOR OVER 20 YEARS
PRIME LOCATION AMONGST A THRIVING LIFESTYLE AND HOSPITALITY PRECINCT
RECENTLY EXERCISED LEASE TERM WITH FURTHER OPTIONS
UPSTAIRS RESIDENCE / OFFICE WITH SEPARATE ACCESS
SURROUNDED BY LEADING RESTAURANTS AND RETAILERS
Carlton – 3053
Carlton is a lively inner city suburb just 3km’s north of the CBD, well-known for the Italian cafes and restaurants of the Lygon Street Italian precinct. It is also known for its Victorian buildings and leafy parks and gardens.
The City of Melbourne municipal boundary includes all of Carlton and parts of Carlton North, comprising the historic Melbourne General Cemetery and Princes Park, home to the Carlton Football Club.
Carlton is a diverse suburb. Growing beyond its largely Italian residents, these days Carlton has a greater proportion of residents from eastern Asia, south-eastern Asia and India.
It also has the second largest population of our municipality. Many of Carlton’s residents are local and international students who attend the nearby University of Melbourne and RMIT University.
As well as entertainment, cultural and leisure activities, Carlton has educational, business, retail and residential facilities. Carlton Gardens contain the contemporary Melbourne Museum and the domed 19th century Royal Exhibition Building that has World Heritage status.
LYGON ST
Some nearby businesses and infrastructure includes:
LIFESTYLE
the Cow
Tiamo
Gambero
of Melbourne
LOCATION University
Melbourne Museum Royal Exhibition Building Argyle Square Cinema Nova Princes Park Lygon Court
Carlton is in the middle of a restaurant renaissance, and that’s starting to show on its most famous strip.
D.O.C Milk
Brunetti’s
Il
RESTAURANTS
University
RMIT
EDUCATION 267 LYGON STREET 14CARLTON
TITLE PARTICULARS The property is outlined on the Certificate of Title as follows Volume: 02567 Folio: 211 Lot 1 on Title Plan 834394L LAND DIMENSIONS AND AREA Lygon Street Frontage 4.64 metres* Lygon Lane Frontage 4.46 metres* Depth 22.73 metres* Total Land Area: 103 square metres* *approx. ZONING: Under the City of Melbourne Council Planning Scheme the land is zoned Commercial 1 – C1Z. PROPERTY PARTICULARS 267 LYGON STREET 20CARLTON
267 LYGON STREET 24CARLTON
METHOD OF SALE
27th
TERMS OF SALE
CONTRACT OF SALE & VENDORS STATEMENT
Jason Perry
Fred Nucara Managing Director 0418 567 560 fred@astoncommercial.com.au EXCLUSIVE SELLING AGENTS SALE METHOD 267 LYGON STREET CARLTON Liam Rafferty Associate Director 0421 886 655 liam@astoncommercial.com.au
10% deposit with the balance payable in 60 days
For Sale by Public Auction on Thursday
October 2022 at 12 noon on-site INSPECTIONS Strictly by private appointment with the exclusive selling agents
Available upon request
Director 0412 560 510 jason@premierc.com.au 267 LYGON STREET 26CARLTON
FLOORPLAN
DISCLAIMER
“Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom.
*Approximate
