170-172 Lygon Street Carlton VIC 3053

We are pleased to offer for sale this exceptional property comprising two adjoining period style two-level buildings on 1 title, held by the same family for over 80 years . The property is being offered with vacant possession making it a perfect blank canvas for owner occupiers/investors or developers looking for an add value opportunity. Located directly across from Argyle Square it is an established city fringe location ideal for retail and or hospitality uses (stca) complimented by office and residential use (stca). This is a well known destination for local and international tourists as well as being underpinned by its proximity to the University of Melbourne, RMIT and various hospitals. This property offers a rare 9.5m frontage, 204 sqm* Commercial 1 Zoned site with valuable additional side and rear laneway frontage & access.

Auction Details:
12:30pm - Wednesday 4 June 2025 – On-site

Highlights:  

Building Area: 265 m2
Land Area: 204 m2
Lygon Street Frontage: 9.5m - Plus side and rear ROW
Opposite Argyle Square
Offered with Vacant Possession
Minutes walk to Melbourne University, RMIT, Melbourne CBD and various hospitals providing an abundance of potential patrons and shoppers
Brilliant opportunity for Owner/Occupiers, Investor and Developers
A true ADD VALUE BANK CANVAS
A planning report  has been prepared by URBANISTE advising that this property has potential for a 4 level development (subject to Council approval).