Hospitality Venue on Lygon St, Carlton— Priced to Sell for Prompt Handover

18 days ago

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Internal Ref: 1P6389

Summary

This beautifully presented hospitality venue is ideally situated on the iconic foodie strip of Lygon Street in the heart of Carlton-just a short distance from the Melbourne CBD. Boasting a secure ...

About the Business

This beautifully presented hospitality venue is ideally situated on the iconic foodie strip of Lygon Street in the heart of Carlton-just a short distance from the Melbourne CBD.

Boasting a secure lease, turnkey infrastructure, and an active liquor license, this is an exceptional opportunity for an owner-operator, multi-venue hospitality group, or new concept to step into a fully equipped Carlton space without the time and cost of a build-out.

Highlights:
• Fully Fitted & Ready-to-Operate: Complete BOH infrastructure including commercial kitchen setup, cool rooms, exhaust hood, grease trap, and pre-existing wood fire oven.
• Prestige & Flexibility: Award-winning hospitality venue with industry accolades. Currently styled for fine dining (40 seats), but easily reconfigured to 60+ seats for a high-volume casual bistro, trattoria, wine bar, or takeaway concept.
• Valuable Licenses & Layout: 60-seat indoor liquor license, dedicated bar area, and temperature-controlled wine storage.
• Unused Outdoor Dining Potential: Proven capacity for street-side alfresco dining to capture prime Lygon Street foot traffic and increase seat count.
• Secure Lease: Long term remaining with two additional 5-year renewal options.

On the ground floor, you'll find a welcoming dining space complete with a dedicated bar, wine storage, and a fully equipped commercial kitchen featuring the pre-existing wood fire pizza oven. Upstairs offers an additional dining area, ideal for private functions or exclusive dining experiences.

Opportunities like this on Lygon Street rarely come to market at this price point for a prompt handover.

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