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148 Lygon St 1,345 SF of Retail Space Available in Carlton North, VIC 3053
Highlights
- Two-story retail premises positioned on vibrant Lygon Street in Carlton.
- Upstairs area provides additional space for storage, seating, or office use.
- Surrounded by established retailers, dining venues, and within walking distance to the Melbourne CBD.
- Includes walk-in refrigeration and freezer for streamlined operational setup.
- Located opposite Argyle Square and moments from RMIT and Melbourne University.
- Close proximity to trams, public transport, and Queen Victoria Market.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
The 2 spaces in this building must be leased together, for a total size of 1,345 SF (Contiguous Area):
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground, 1st Floor | 1,345 SF | Negotiable | $18.77 /SF/YR $1.56 /SF/MO $25,252 /YR $2,104 /MO | Triple Net (NNN) |
Ground, 1st Floor
The 2 spaces in this building must be leased together, for a total size of 1,345 SF (Contiguous Area):
The ground floor of 148 Lygon Street offers a practical open-plan area with direct street frontage onto Lygon Street, maximizing visibility and walk-in exposure. Large display windows ensure strong natural light and branding opportunities, appealing to food and beverage operators or specialty retailers. The space includes a walk-in fridge and freezer, providing built-in capability for hospitality users and reducing initial setup costs. The layout allows for a customer-facing service counter with flexible internal arrangements for seating or display. Positioned immediately opposite Argyle Square and adjacent to established dining operators, this high-exposure ground-level shop benefits from steady pedestrian traffic from nearby universities, Queen Victoria Market, and the CBD. Tram and public transport connections are located nearby, enhancing accessibility for customers and staff.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Display Window
- Wheelchair Accessible
- Partitioned Offices
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,345 SF | Property Subtype | Storefront Retail/Residential |
| Property Type | Retail | Gross Leasable Area | 1,345 SF |
| Total Space Available | 1,345 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 1,345 SF |
About the Property
Position your business at 148 Lygon Street, an established hospitality precinct in the cultural heart of Carlton. This two-level property offers flexible café or retail potential in a highly visible location opposite Argyle Square. Featuring a functional layout with additional upstairs floor space, the property accommodates both service and seating needs for food operators or boutique retailers. A walk-in fridge and freezer are included, reducing initial fit-out costs. Located along Melbourne’s renowned Lygon Street, the site benefits from excellent pedestrian traffic and proximity to key institutions. RMIT University, University of Melbourne, and the Queen Victoria Market are all within walking distance, ensuring a consistent flow of students, professionals, and visitors. Tenants enjoy seamless connectivity with CBD access just minutes away, along with nearby tram routes and major city arterials. With strong local demographics, extensive dining culture, and favorable lease incentives on offer, this address presents an exceptional opportunity for operators seeking a prime-positioned venue.
Nearby Major Retailers
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148 Lygon St
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