Positioned on the iconic Lygon Street, this outstanding commercial freehold presents an exceptional opportunity to secure a high-profile investment in one of Melbourne's most sought-after inner-city locations. Boasting valuable dual street frontage to both Lygon Street and Eddy Street, the property is currently leased to the well-established REWINE Wine Bar & Wholesaler, providing immediate rental income while offering exciting long-term potential.
Currently returning $5,296.90 including GST per calendar month plus outgoings. As of 15/9/26 it will increase to $5,429.32 including GST per calendar month plus outgoings,This makes it an ideal opportunity for investors seeking a secure income stream today with the flexibility to occupy or redevelop in the future (STCA).
The premises have been thoughtfully fitted out to suit its current hospitality and retail use, featuring an inviting front-of-house complete with a fully equipped bar, extensive wine display shelving, retail space and comfortable seating for patrons. To the rear, the property offers exceptional functionality with direct access from Eddy Street, allowing for convenient deliveries, semi-trailer access and generous storage facilities-a rare advantage in this tightly held precinct.
Quality infrastructure improvements further enhance the property's appeal, including a 5.5kW solar system, 3-phase power, a recently refurbished roof and new box gutters. The venue also benefits from an existing liquor licence with an approved patron capacity of 30.
Adding significant value is the property's future development potential. Previously, plans and permits were approved (now expired) for the construction of a four-storey mixed-use development comprising a ground-floor shop with residential dwellings above, highlighting the site's excellent redevelopment prospects (STCA). The property is also positioned to benefit from the continued transformation of the surrounding area, with a proposed $28.5 million six-storey apartment and community centre development planned nearby, further strengthening the long-term appeal of this thriving Brunswick East location.
Whether you're an investor looking for a secure income-producing asset, an owner-occupier planning for the future, or a developer seeking a prime inner-city opportunity, 522 Lygon Street offers the perfect combination of location, income and future potential.
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