490 Flinders Street,
Melbourne, VIC 3000
Development Sites & Land • Offices • Shops & Retail
Key property information
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Mulcahy Butera - Melbourne
Level 1, 235-237 Faraday StreetCARLTON, VIC 3053
490 Flinders Street
Melbourne, VIC 3000
Map of 490 Flinders Street
SOLD
- Approved permit for 12 level building
- Capital City Zone (CCZ1)
- Ideal for Developer,Occupier or Investor
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.
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.
Melbourne, 3000 demographic data
The median household income for Melbourne is $1,448, 24% lower than Greater Melbourne's household income of $1,901. Melbourne has a younger age profile compared to the rest of Greater Melbourne (median age 29 vs 37). Property ownership data shows 47% of property owners in Melbourne have a mortgage.
54,941
Population
$1,448 per week
Median household income
29 years
Median age
Renters
Most residents
Singles
Most households
Mulcahy Butera - MelbourneLevel 1, 235-237 Faraday Street
CARLTON, VIC 3053
CARLTON, VIC 3053
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