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Sold on 13 Dec 2017

280 Lygon Street Brunswick East VIC 3057

  • Retail
  • 877 m²
  • Sold

RARE OPPORTUNITY TO PURCHASE A HIGH QUALITY & FULLY REFURBISHED HOTEL

  • High Quality 877sqm* Building
  • Valuable Existing Liquor Licence
  • Rare Vacant Possession Opportunity

CBRE Melbourne Strip Retail Investments are pleased to present to the market, 280 Lygon Street, Brunswick East, for sale via Public On-site Auction Wednesday 13th December at 12:30pm.

We highlight some key points below:

- A high quality 3 level corner building that has been recently renovated to the highest standard providing the eventual purchaser with significant depreciation benefits

- Substantial 877sqm* venue comprising 3 separate entertaining areas including a spacious dining and bar area, an attractive former cellar (operating as an open plan function space) & a second level cocktail bar with balcony overlooking Lygon Street

- Further to the elaborate retail space this exciting opportunity comprises 12 modern and stylish hotel rooms, providing further income potential

- The property is being sold with an existing liquor licence, which includes highly valuable late night (1am) trading

- Major growth forecasted supported by over 1,100 dwellings currently under construction or in planning within 1km, providing higher population density, increased foot traffic and further demand for Brunswick East retailers

*Approx

Rorey James
+61 439 400 081

Nic Hage
+61 448 782 594

Scott Callow
+61 418 153 606

Will Connolly
+61 432 116 287

Property Highlights

Property ID2013999090
Date Sold13 Dec 2017
Floor Area877 m²
Land AreaAsk Agent
ParkingAsk Agent
Category
Last updated  13 Dec 2017
Map for 280 Lygon Street Brunswick East VIC 3057
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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