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242-244 Lygon St 2,476 - 4,951 SF of Retail Space Available in Carlton, VIC 3053
Highlights
- Prominent corner position with dual street frontage along Lygon Street.
- Rear access via Ormond Place plus convenient on-site parking.
- Immediate access to multiple tram routes and within walking distance to Melbourne CBD.
- Fully equipped commercial kitchen and hospitality-oriented infrastructure.
- Located near Carlton Gardens, Lygon Court, Brunetti Classico, and Palace Cinemas.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 2,476 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 2,476 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
Ground
Positioned on a high-profile corner in Carlton’s premier dining and lifestyle precinct, 242–244 Lygon Street delivers an exceptional opportunity for operators seeking maximum visibility and foot traffic. Offering a total of 461 m² across two levels, these adjoining freestanding buildings feature a comprehensive hospitality fit-out with a fully equipped commercial kitchen, expansive café and retail-ready spaces, and rear lane access via Ormond Place with parking available. The property’s standout feature is its dual street frontage onto the iconic Lygon Street strip, ensuring constant exposure to one of Melbourne’s most active pedestrian corridors. Perfectly suited for hospitality or large-format retail concepts, this location benefits from the diverse audience generated by nearby cultural landmarks, University of Melbourne’s campus population, and the surrounding residential community. Public transport is easily accessible with tram stops within 250–300 m, while Melbourne’s CBD is within comfortable walking distance. This is a rare chance to secure a flexible, high-visibility tenancy in one of Melbourne’s most recognizable and vibrant destinations for dining, retail, and culture.
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Central Air Conditioning
- Private Restrooms
- Security System
- High Ceilings
- Secure Storage
- Recessed Lighting
1st Floor
Positioned on a high-profile corner in Carlton’s premier dining and lifestyle precinct, 242–244 Lygon Street delivers an exceptional opportunity for operators seeking maximum visibility and foot traffic. Offering a total of 461 m² across two levels, these adjoining freestanding buildings feature a comprehensive hospitality fit-out with a fully equipped commercial kitchen, expansive café and retail-ready spaces, and rear lane access via Ormond Place with parking available. The property’s standout feature is its dual street frontage onto the iconic Lygon Street strip, ensuring constant exposure to one of Melbourne’s most active pedestrian corridors. Perfectly suited for hospitality or large-format retail concepts, this location benefits from the diverse audience generated by nearby cultural landmarks, University of Melbourne’s campus population, and the surrounding residential community. Public transport is easily accessible with tram stops within 250–300 m, while Melbourne’s CBD is within comfortable walking distance. This is a rare chance to secure a flexible, high-visibility tenancy in one of Melbourne’s most recognizable and vibrant destinations for dining, retail, and culture.
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Central Air Conditioning
- Private Restrooms
- Security System
- High Ceilings
- Secure Storage
- Recessed Lighting
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 | 4,951 SF | Property Subtype | Restaurant |
| Property Type | Retail | Gross Leasable Area | 4,962 SF |
| Total Space Available | 4,951 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,962 SF |
About the Property
The property consist of freestanding building on a combined land parcel of approximately 514 m². It features dual street frontage, rear lane access, and on-site parking. Existing improvements include a commercial kitchen and retail/hospitality fit-out. The property is located on Lygon Street within walking distance of Melbourne CBD and is serviced by nearby tram networks.
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Nearby Major Retailers
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242-244 Lygon St
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