550 Swanston Street,
Carlton, VIC 3053

Development Sites & Land • Hotel, Motel & Leisure • Offices

Key property information

Land area

Floor area

Tenure type

Private inspections

to arrange a private inspection.

Map of 550 Swanston Street

Directions

Train stations within 5 km of 550 Swanston Street, Carlton, VIC 3053	Distance
State Library Station	688 m
Parkville Station	708 m
Melbourne Central Station	717 m
Flagstaff Station	1.1 km
Parliament Station	1.2 km

Tram stops within 5 km of 550 Swanston Street, Carlton, VIC 3053	Distance
4-Queensberry St/Swanston St (Carlton)	160 m
3Lincoln SquareSwanston St Carlton	188 m
7RMIT UniversityFranklin Street	439 m
7-Russell St/la Trobe St (Melbourne City)	440 m
7-Queen Victoria Market/Elizabeth St (Melbourne City)	490 m

Bus stops within 5 km of 550 Swanston Street, Carlton, VIC 3053	Distance
Lincoln SquareBouverie St Carlton	229 m
Queensberry St/Lygon St (Carlton)	266 m
Argyle SquareLygon St Carlton	338 m
Swanston StGrattan St Carlton	344 m
Trades Hall/Lygon St (Carlton)	355 m

Existing Office Building with Future Upside

Significant Development Potential
Leased Office Building
Rental to increase to $913,966 @ 1st M

For Private Sale

Savills is delighted to offer For Sale 550 Swanston Street, Carlton, a standalone office building that provides substantial income with major development potential (STCA).

The properties’ location within Melbourne’s major education and medical precinct, flexible zoning and surrounding buildings support significant development potential of up to 13 storeys (STCA).

Key attributes of the properties include:

• Prominent 1,840sqm* three level freehold commercial building with 30 car parking spaces
• Leased to The University of Melbourne returning $880,931 per annum gross plus GST (rental to increase to $913,966 @ 1st March 2026)
• Large scale land holding of 1,315sqm* with 20.51m* of high-profile frontage to Swanston Street and rear lane access to Cardigan Street
• Outstanding development potential for a large-scale building up to 13 storeys (STCA)
• Flexible Mixed-Use-Zoning (MUZ) allowing for a range of development outcomes including Student Accommodation, Residential, Build-To-Rent, Hotel and Office (STCA)
• Excellent connectivity with Melbourne Central Train Station only 750m* away, plus convenient access to the new Metro tunnel via the Parkville and State Library Train Stations, plus multiple trams along Swanston Street

*Approximate

Tim Grant - 0478 666 2...
Linc Reynolds - 0457 930 0...
Tom O'Halloran - 0438 078 1...
Benson Zhou - 0458 488 8...

Carlton, 3053 demographic data

The median household income for Carlton is $1,292, 32% lower than Greater Melbourne's household income of $1,901. Carlton has a younger age profile compared to the rest of Greater Melbourne (median age 27 vs 37). Property ownership data shows 38% of property owners in Carlton have a mortgage.

16,055

Population

$1,292 per week

Median household income

27 years

Median age

Renters

Most residents

Singles

Most households