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160-162 Lygon St 6,544 SF of Retail Space Available in Carlton North, VIC 3053
Highlights
- Prime three-level property in the heart of Carlton’s renowned Lygon Street precinct
- Excellent connectivity to public transport for easy customer access
- Unparalleled location surrounded by iconic eateries, cultural attractions, and education hubs
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
The 3 spaces in this building must be leased together, for a total size of 6,544 SF (Contiguous Area):
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground, 1st Floor, 2nd Floor | 6,544 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
Ground, 1st Floor, 2nd Floor
The 3 spaces in this building must be leased together, for a total size of 6,544 SF (Contiguous Area):
This impressive three-level hospitality venue offers a total area of approximately 608 m², strategically positioned along Melbourne’s iconic Lygon Street dining and entertainment strip. The property comes partially fitted, featuring a commercial kitchen, cool room, and various hospitality equipment, providing a head-start for experienced operators. Notably, the site benefits from a rare 3am on-premises liquor licence along with a restaurant and café licence, making it one of the most sought-after opportunities in this tightly held precinct. The tenancy includes a prominent 11-meter glass frontage to Lygon Street and an upper-level balcony, offering exceptional customer visibility and engagement. With its existing infrastructure and flexible zoning, the premises are perfectly suited for high-performing restaurants, bars, cafés, or entertainment concepts. Alternatively, the site could be adapted for retail, medical, or showroom uses (STCA).
- Located in-line with other retail
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 | 6,544 SF | Property Subtype | Restaurant |
| Property Type | Retail | Gross Leasable Area | 6,544 SF |
| Total Space Available | 6,544 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 6,544 SF |
About the Property
160-162 Lygon Street represents an extraordinary opportunity to secure premises in one of Melbourne’s most celebrated lifestyle and hospitality destinations. Set in the heart of Carlton’s vibrant retail and dining enclave, the property offers significant scale across three levels, featuring a rare late-trading liquor licence, hospitality fit-out, and modern back-of-house infrastructure. The building’s prime position along a heavily trafficked retail spine ensures exceptional exposure and access to a high-volume customer base, including city professionals, local residents, and a strong tourist market. The location also benefits from unrivaled proximity to major institutions such as the University of Melbourne and RMIT, as well as Melbourne Museum and surrounding parks. Well-connected by tram and bus networks, this property offers both operational convenience and high trading potential, making it ideal for established hospitality operators or brands seeking flagship representation.
- Signage
- Balcony
Nearby Major Retailers
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160-162 Lygon St
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