Summary
Iconic Lygon Street position. Offered as an asset sale, perfect for a restaurant, wine bar or functions/events concept. Create your own brand in one of Melbourne’s most sought-after dining precincts.
Location Details
98 Lygon Street
About the Business
98 LYGON STREET – PREMIUM HOSPITALITY VENUE
Restaurant | Bar | Functions | Asset Sale
BUSINESS HIGHLIGHTS:
• Blue-chip Lygon Street position in the heart of Brunswick East’s premier dining strip
• Architecturally designed, high-impact fit-out – near new and ready to go
• Expansive double-fronted venue with multiple dining, bar & event zones
• Great size commercial kitchen + full-service bar infrastructure
• Large-capacity venue perfect for functions & private events
• Secure long lease: 20 years (10+5+5) commenced Jan 2023
• Asset sale – no goodwill = no constraints & total creative control
• On-premise liquor licence for 110 patrons (comfortably fits 150)
• Fully Licensed : 1am Fri–Sat | Midnight Sun–Thurs
• Rent: $165,000 p.a. + GST & outgoings
A TRUE LYGON STREET STANDOUT – BUILT TO PERFORM
A Flagship Lygon Street Opportunity with Unlimited Potential
Positioned on one of Melbourne’s most tightly held and highly recognisable dining strips, this standout venue at 98 Lygon Street offers a rare chance to secure a premium, near-new hospitality asset without the risk of buying goodwill.
Surrounded by an eclectic mix of some of the city’s best restaurants, bars and cafés, this location benefits from constant foot traffic, strong local patronage and destination dining appeal, both day and night.
The venue is a true showpiece. Recently transformed with a striking, architecturally designed fit-out, it seamlessly blends warmth, texture and functionality, creating a space equally suited to casual dining, group bookings and high-energy private events.
A large, flexible floorplan stretches across the double frontage, delivering multiple service zones, private dining areas and seamless event capability. Whether you’re operating a high-volume restaurant, a refined wine bar or tapping into the lucrative functions and events market, the infrastructure is already in place to support a wide range of concepts.
Importantly, this is being offered as an asset sale only, giving incoming operators a blank canvas to bring their own vision to life in a location that does all the heavy lifting for you. For experienced operators, this is the kind of opportunity that can redefine a portfolio. For newcomers, it’s a chance to launch into a blue-chip location without the expensive price tag.
Venues of this calibre, in positions like this, are tightly held for a reason, act quickly.
PRICE: $90,000 + GST
To learn more or arrange a private inspection, contact Karli on 0409 965 540.
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