Teska Carson are pleased to present 189 Lygon Street, Carlton by way of public auction on Wednesday 22nd April at 1pm on site.

Secure a blue-chip retail investment in one of Melbourne’s most iconic dining and lifestyle precincts. Positioned in the heart of Lygon Street’s bustling restaurant strip, this property offers investors a stable income stream backed by a well-established hospitality operator.

Investment highlights:

• Long-term lease security – Term of 7 years commenced 12/05/2025 with 4-year option to Tabouli, an established and popular restaurant
• Strong net income – $76,590 per annum + outgoings & GST as at 14/05/2026
• Annual rental growth – 3.5% fixed increases
• Generous building area – 222m²*
• Land – 173m2
• Prime Lygon Street location surrounded by Melbourne’s renowned eateries, cafes and retail
• Rear access with secure garage parking for 2 cars
• High foot traffic position in a tightly held hospitality and retail precinct

With a long-term lease, fixed rental growth and a proven tenant, 189 Lygon Street, Carlton represents an outstanding opportunity for investors seeking a set-and-forget asset in a premier inner-city location.

To arrange an inspection, please don’t hesitate to contact the listing agents.