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Investment Highlights

  • 100% leased to Kazuki’s, an acclaimed two-hat Japanese restaurant with ongoing awards recognition
  • Building size: 225 sqm* on 168 sqm* land with 6.7 m* Lygon Street frontage
  • Rear lane access via Rush Place and positioned in a globally recognized hospitality precinct
  • Current annual income of $107,335 + GST + outgoings with options until 2038
  • Long-standing tenant with 7.5+ years of occupancy; 4.7-star Google rating (250+ reviews)

Executive Summary

121 Lygon Street is a two-level Commercial 1 Zoned freehold currently leased to Kazuki’s, a multi-award-winning Japanese restaurant with strong tenure and lease security. This investment provides consistent income and a landmark presence in Melbourne’s dining precinct.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
2,422 SF
Building Class
C
Tenancy
Single
Building Height
2 Stories
Building FAR
1.34
Lot Size
0.04 AC
Frontage
21’ on Lygon Street

Nearby Major Retailers

Starbucks
Five Guys
Crossfit
Anytime Fitness
The Northern Trust Company
  • Listing ID: 40733412

  • Date on Market: 6/1/2026

  • Last Updated:

  • Address: 121 Lygon St, Carlton, VIC 3053

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