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Investment Highlights

  • The property occupies a land area of approximately 300 square meters with a building footprint of about 360 square meters.
  • Access is available from both Lygon Street and a rear laneway, including a roller door entry.
  • The site is located about 4 kilometers from Melbourne’s CBD within an established urban precinct.
  • It is zoned Commercial 1, allowing for a range of potential uses.
  • A planning permit has been approved for a mixed-use development with residential and retail components.

Executive Summary

234 Lygon Street, Brunswick East, offers a rare opportunity to acquire a versatile Commercial 1 Zoned property just 4 kilometers from Melbourne’s CBD. The site spans approximately 300 square meters with a building area of about 360 square meters and includes roller door access from Lygon Street as well as rear laneway access. A planning permit has been approved for a mixed-use development designed by Ridolfi Architects, comprising 11 apartments and one retail shop. The property currently generates passing income of $54,000 per annum plus GST, providing holding income while redevelopment plans are considered. Its location within an established urban precinct ensures strong connectivity to transport, amenities, and the CBD.

Property Facts

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Multifamily
  • Storefront, Retail or Residential
Total Lot Size 0.07 AC

1 Lot Available

Lot

Lot Size 0.07 AC

A Commercial 1 Zoned property on Lygon Street in Brunswick East, featuring a 300 m² land parcel with a 360 m² building, dual access via Lygon Street and rear laneway, and an approved planning permit for a mixed-use development.

Description

The property at 234 Lygon Street in Brunswick East consists of a land parcel of approximately 300 square meters with a building footprint of about 360 square meters. It is zoned Commercial 1 and provides access from both Lygon Street and a rear laneway. The site includes a roller door entry and has an approved planning permit for a mixed-use development comprising residential and retail components. The property is situated approximately 4 kilometers from Melbourne’s central business district and is located within an established urban area with access to public transport and major roadways.

  • Listing ID: 39963900

  • Date on Market: 3/30/2026

  • Last Updated:

  • Address: 234 Lygon Street, Brunswick East, VIC 3057

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