490 Flinders Street,
Melbourne, VIC 3000

Under instructions from BRI Ferrier as Managers & Receivers Appointed, Mulcahy Butera is delighted to offer for sale this rare stand alone, Melbourne CBD opportunity for the astute purchaser.

Located at 490 Flinders Street, this strategic opportunity comprises a total landholding of 184sqm in a highly exposed position within the south/western precinct of Melbourne’s CBD, offering unlimited refurbishment or redevelopment potential at a commanding address.

The site currently comprises a part two level brick building of 275m2 approx. with an approximate frontage of 7.8m to Flinders street and was formerly occupied as a restaurant with rear roller door access via Highlander Lane.

The planning permit with Endorsed plans comprises a high rise development as follows -

* Ground & basement retail area
* 11 levels of office accommodation
* Total GFA of 2,295.39m2 approx. plus open air rooftop terrace

Interested parties may wish to pursue the opportunity to develop a high rise building with interrupted views overlooking the Yarra River (STCA) or may look to simply renovate and convert the existing improvements, reaping the benefits of such a prized address.