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260 Lygon Street
Carlton VIC 3053

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Unique Business & Residential Opportunity – Lygon Street, Melbourne CBD

Seize this rare opportunity to own a profitable, multifaceted business with the added benefit of a 4-bedroom residential space right in the heart of Melbourne's vibrant Lygon Street—a bustling strip known for its foot traffic and dynamic atmosphere.
Why This Property is a Standout Investment:
1. Prime Location on Busy Lygon Street
Located on one of Melbourne’s most iconic and high-traffic streets, Lygon Street is a major hub for locals, students, and tourists alike. This business enjoys excellent exposure in the heart of the city, surrounded by popular restaurants, shops, and attractions, ensuring steady foot traffic and a growing customer base.
2. Multi-Service Business with Diverse Income Streams
The business offers a variety of services and products, including:
Lucky Lottery sales, which attract regular customers.
Tobacco accessories and gifts for those looking for unique, high-demand items.
Post parcel services, seasonal cards, and phone/battery accessories, which add convenience for busy locals and tourists.
Smart car rental key services, appealing to the growing number of city dwellers and visitors who rely on car-sharing services.
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Property Details for 260 Lygon St, Carlton

Building Type
Commercial

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About Carlton 3053

The size of Carlton is approximately 1.7 square kilometres. It has 9 parks covering nearly 20.9% of total area. The population of Carlton in 2011 was 13,509 people. By 2016 the population was 18,506 showing a population growth of 37.0% in the area during that time. The predominant age group in Carlton is 20-29 years. Households in Carlton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carlton work in a professional occupation. In 2011, 21.6% of the homes in Carlton were owner-occupied compared with 18.6% in 2016.

Carlton has 15,605 properties. Over the last 5 years, Houses in Carlton have seen a 27.83% increase in median value, while Units have seen a -4.06% decrease. As at 30 September 2024:

  • The median value for Houses in Carlton is $1,665,443 while the median value for Units is $362,750.
  • Houses have a median rent of $675 while Units have a median rent of $515.
There are currently 59 properties listed for sale, and 87 properties listed for rent in Carlton on OnTheHouse. According to CoreLogic's data, 503 properties were sold in the past 12 months in Carlton.

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