BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 5.2.3//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:FIRST TIME OFFERED IN 60 YEARS | PRIME CARLTON CORNER FREEHOLD\ nFIRST TIME OFFERED IN 60 YEARS | PRIME CARLTON CORNER FREEHOLD\n\nGrayJoh nson is privileged to present 414422 Lygon Street\, Carlton an iconic com mercial freehold occupying one of inner-city Melbourne's highest-exposure corner sites. Offered to the market for the first time in 60 years\, this property represents an unrepeatable investment opportunity to secure a tru e trophy asset in Carlton's world-famous Lygon Street precinct. \n\nPositi oned prominently on the corner of Lygon Street\, Elgin Street\, and Astor Lane\, the property features a substantial double-storey Victorian buildin g with 440 sqm* of floor space on a 225 sqm* corner land holding. Distingu ished by its classic architectural facade\, lofty ceilings\, and a command ing 24.4m* street frontage\, the site guarantees high brand visibility. \n \nThe property is fully leased to established operator FGThree Pty Ltd on a 10-year term through to August 2029\, with two further 5-year options ex tending potential tenure to 2039. With a passing net income of $140\,475p. a.* + GST and built-in 4% annual rental increases\, this asset offers stro ng\, compounding yield growth in a resilient city-fringe market. \nKey Fea tures:\n Generational Asset: First time offered for sale in 60 years. \n H igh Passing Yield: Current Net Income of $140\,475 p.a. + GST & Outgoings (excl. Land Tax). \n Long Lease Term: 10-year initial lease to FGThree Pty Ltd (expiring Aug 2029) + 2 x 5-year options. \n Compounding Income Growt h: Fixed 4% annual rent increases per annum with a market review a the exp iration of term. \n High-Exposure Corner Site: 225 sqm* corner allotment w ith 24.4m* frontage to Lygon Street plus Elgin Street & Astor Lane exposur e. \n Imposing Building Area: Substantial 440 sqm* double-storey heritage building with classic period detailing. \n Commercial 1 Zone (C1Z): Flexib le zoning supporting retail\, hospitality\, office\, and future residentia l potential (STCA). \n Unbeatable Precinct: Situated in Carlton's "Little Italy"\, moments from Melbourne University\, RMIT\, and the CBD. \n\nFor S ale via Expressions of Interest\, closing Tuesday 15th September @ 12noon DTEND:20260915T120000 DTSTAMP:20260821T060213Z DTSTART:20260915T120000 SEQUENCE:0 SUMMARY:Expression Of Interest: 414-422 Lygon Street\, Carlton VIC UID:CRE-2021091534-EOI X-ALT-DESC;FMTTYPE=text/html:

FIRST TIME OFFERED IN 60 YEARS | PRIM E CARLTON CORNER FREEHOLD
FIRST TIME OFFERED IN 60 YEARS | PRIME CAR LTON CORNER FREEHOLD

GrayJohnson is privileged to present 414 422 Lygon Street\, Carlton an iconic commercial freehold occupying one of inner-city Melbourne's highest-exposure corner sites. Offered to the mark et for the first time in 60 years\, this property represents an unrepeatab le investment opportunity to secure a true trophy asset in Carlton's world -famous Lygon Street precinct.

Positioned prominently on the corner of Lygon Street\, Elgin Street\, and Astor Lane\, the property fea tures a substantial double-storey Victorian building with 440 sqm* of floo r space on a 225 sqm* corner land holding. Distinguished by its classic ar chitectural facade\, lofty ceilings\, and a commanding 24.4m* street front age\, the site guarantees high brand visibility.

The propert y is fully leased to established operator FGThree Pty Ltd on a 10-year ter m through to August 2029\, with two further 5-year options extending poten tial tenure to 2039. With a passing net income of $140\,475p.a.* + GST and built-in 4% annual rental increases\, this asset offers strong\, compound ing yield growth in a resilient city-fringe market.
Key Features: < br/> Generational Asset: First time offered for sale in 60 years.
High Passing Yield: Current Net Income of $140\,475 p.a. + GST & Outgoing s (excl. Land Tax).
Long Lease Term: 10-year initial lease to FGTh ree Pty Ltd (expiring Aug 2029) + 2 x 5-year options.
Compounding Income Growth: Fixed 4% annual rent increases per annum with a market revi ew a the expiration of term.
High-Exposure Corner Site: 225 sqm* c orner allotment with 24.4m* frontage to Lygon Street plus Elgin Street & A stor Lane exposure.
Imposing Building Area: Substantial 440 sqm* d ouble-storey heritage building with classic period detailing.
Comm ercial 1 Zone (C1Z): Flexible zoning supporting retail\, hospitality\, off ice\, and future residential potential (STCA).
Unbeatable Precinct : Situated in Carlton's "Little Italy"\, moments from Melbourne University \, RMIT\, and the CBD.

For Sale via Expressions of Interest\ , closing Tuesday 15th September @ 12noon

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