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498 Lygon St 1,109 SF of Retail Space Available in Brunswick East, VIC 3057
Highlights
- Fully fitted turnkey bakery with professional-grade kitchen equipment and cool room.
- Immediate tram access linking the property to Melbourne CBD and inner suburbs.
- Dense surrounding neighborhood featuring established retail and hospitality operators.
- Air-conditioned interior providing a controlled and comfortable environment.
- Prominent frontage along bustling Lygon Street with consistent pedestrian activity.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,109 SF | 3-5 Years | $31.67 /SF/YR $2.64 /SF/MO $35,115 /YR $2,926 /MO | TBD |
Ground
This ground-floor retail space at 498 Lygon Street presents a fully equipped environment tailored to a food-based operator. Formerly operating as Monelli Bakery, the property includes a complete bakery kitchen outfitted with professional baking equipment and a cool room, enabling immediate commencement of trade. The shop offers air conditioning for climate control, ensuring comfort for both staff and customers. A single exclusive on-site car space at the rear of the premises enhances operational convenience, complemented by private rear access. Positioned along the highly trafficked Lygon Street corridor, the location provides maximum exposure and strong branding potential. Its proximity to popular cafes, dining establishments, and high pedestrian activity creates robust customer flow. Tram stops for Routes 1 and 6 are located within meters of the premises, offering direct connectivity to Melbourne’s CBD. The surrounding area combines established residential density with vibrant retail and hospitality options, forming a commercially active environment suitable for continued bakery operations or other food-focused concepts.
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
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 | 1,109 SF | Property Subtype | Storefront Retail/Office |
| Property Type | Retail | Gross Leasable Area | 2,217 SF |
| Total Space Available | 1,109 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 2,217 SF |
About the Property
The property at 498 Lygon Street in Brunswick East comprises a single ground-floor retail tenancy with an area of approximately 103 square meters and one dedicated rear car space. The shop includes existing bakery infrastructure such as a kitchen and cool room. The location fronts Lygon Street and provides immediate access to tram services on Routes 1 and 6, with connections to Melbourne CBD. Nearby land uses include other retail businesses and high-density residential developments.
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498 Lygon St
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