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Established Hospitality Venue, Lygon Street Carlton, Vendor Keen to Sell – All
Internal Ref: LygonStVenue
Summary
Priced to sell for prompt handover! Turnkey Lygon St venue with secure lease & liquor license. Fully fitted Carlton space—skip the expensive build-out costs and start trading.
Location Details
Perfectly positioned on iconic Lygon Street in Carlton. Strong day-and-night foot traffic from locals, uni students, and Melbourne CBD visitors. Excellent street visibility and high accessibility in one of Melbourne’s most iconic dining destinations.
Potential
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.
Hours
Potential to expand to 7 days all day depending on your food business type and style of service.
Lease
The first renewal is due on July 2028 with options to renew TWO further terms of 5 years (11+ years in total)
Employees
Available to re-hire skilled chefs and casual waitstaff with working rights in Australia.
Reason for Sale
Serious health issues in the family overseas.
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.
Currently operating as a fine dining venue, the space offers exceptional flexibility for a new owner to bring their own concept to life. Whether you're looking to continue the existing fine dining model or transform the venue into a bistro, trattoria, wine bar, or another hospitality concept, the existing infrastructure provides an excellent foundation to get started.
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.
History
8 years established at the current location. A welcoming venue within a vibrant and multicultural Lygon Street community, surrounded by supportive neighbouring businesses and the lively atmosphere of Carlton's “Little Italy” The business has been operated to a consistently high standard and has received industry recognition during its time on Lygon Street.
NOTE: THIS IS A PRIVATE LISTING BY THE BUSINESS OWNER. BUSINESS BROKER CONTACT DETAILS WILL BE PROVIDED TO GENUINELY INTERESTED BUYERS FOLLOWING INITIAL ENQUIRY.
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