Prime Lygon Street Investment
Sold - 120 Lygon Street, Carlton
Investment opportunity, Retail
Sale Details
Sold on 27 Jun 2016 for $2,580,000
| Building Area | 307m² |
|---|---|
| Rate | $8,404 per m² |
| Yield: | 3.68% |
| Land Area | 122m² |
|---|---|
| Rate | $21,208 per m² |
Overview
| Sale History ID: | 24943 |
|---|---|
| Property ID: | 10687 |
| Advertised Price: | $2,580,000 |
|---|
Description
AAA investment opportunity offering one of Lygon Street's most established restaurants. Lygon Charcoal Grill & Steakhouse is a successful steak house restaurant operating for more than 24 years in Melbourne's world renowned Lygon Street restaurant precinct.
The property is approximately 307m2* and comprises main dining area, function room, fully equipped kitchen, undercover alfresco seating on Lygon Street, a convenient one bedroom apartment on the third level and rear car park.
- Lessee: Lygon Steakhouse Pty Ltd
- Term: New 10+5+5+5 year lease
- Commencement date: 1st July 2016
- Rental $95,000 per annum + outgoings
- Reviews: Annual CPI
- Six month bond
For comprehensive Information Memoandum and inspection contact Charles Cini 0411423389
*approx
Additional Info
| Features |
|---|
| Tenancy | Lygon Steakhouse Pty Ltd |
|---|---|
| Lease Term | 10+5+5+5 years |
| Commenced | 1st July 2016 |
| Rent Review | Annual CPI |
| Bond/Guarantees | 6 months Bond |
| Outgoings Payable | All under retail tenancies |
| Air Conditioner | Yes |
| Car Spaces | two carspaces |
| Condition | Immaculate |
| Floors | Timber, Carpet, Tiles |
| Lifts | Nil |
| Roller Doors | Nil |
| Zoning | Commercial Zone 1 |
| Outgoings |
|---|
| Owners’ Corporation | $4,320.00 p.a. |
|---|---|
| Council Rates | $3,758.03 p.a. |
| Water Rates | $1,181.12 p.a. |
| Land Tax | $473.00 p.a. |
| Other Charges | Fire Services: $75.00 p.a. |
Agent Details
Charles Cini
M | 0411 423 389
T | (03) 9623 2555
E | [email protected]
Anthony Carbone
M | 0488 440 190
T | (03) 9623 2559
E | [email protected]