Watch Watch
Your home of Development Ready videos
Watch Watch
All Videos
Back
Sold Check
Back to results
Properties / Sold / Victoria / Melbourne Cbd
Save
Share
Sold

490 Flinders Street, Melbourne VIC, 3000

+19 Photos
/
Images
Close

490 Flinders Street, Melbourne VIC, 3000

Melbourne Cbd

490 Flinders Street, Melbourne VIC, 3000
×
Sold Check
+21 Photos
/

490 Flinders Street, Melbourne VIC, 3000

Melbourne Cbd

SOLD
490 Flinders Street, Melbourne VIC, 3000

490 Flinders Street, Melbourne VIC, 3000

Properties / Sold / Victoria / Melbourne Cbd
Development Approved
Property Type
Commercial
Sub Type
Office
Land Area
184 m² (*approx)
Selling Method
EOI: Closing Thursday 11 March at 4pm
Show All
Prime Melbourne CBD Site With Approved Planning Permit for 12 Level Building

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

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

The site currently comprises a part two level brick building with an approximate frontage of 7.8m to Flinders street. The asset was formerly occupied as a restaurant with rear roller door access via Highlander Lane. The planning permit comprises a high rise development of ground & basement retail area, 11 levels of office accommodation totalling 2,295.39m2 GFA approximately plus a 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, reaping the benefits of this prized address.

Enquire today for more information
Realisation Sale with Expression of Interest closing 4pm Thursday 11 March 2021.

Key Features

  • Land area: 184sqm approx
  • Existing improvements: 275sqm approx.
  • Approved Planning Permit for 12 level development
  • Capital City Zone (CCZ1)
  • Offered with vacant possession
  • Terms: 10% deposit, balance 60-90 days
  • Rear laneway access off Highlander Lane
  • Excellent exposure in Prime CBD location

Remember to mention you found this property on DevelopmentReady

 

Read More
Development Approved

490 Flinders Street Development Site Summary

Property Type
Commercial
Sub-type
Office
Land Area
184 m² (*approx)
Selling method
EOI: Closing Thursday 11 March at 4pm

Development Site Highlights

Prime Melbourne CBD Site With Approved Planning Permit for 12 Level Building

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

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

The site currently comprises a part two level brick building with an approximate frontage of 7.8m to Flinders street. The asset was formerly occupied as a restaurant with rear roller door access via Highlander Lane. The planning permit comprises a high rise development of ground & basement retail area, 11 levels of office accommodation totalling 2,295.39m2 GFA approximately plus a 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, reaping the benefits of this prized address.

Enquire today for more information
Realisation Sale with Expression of Interest closing 4pm Thursday 11 March 2021.

Key Features

  • Land area: 184sqm approx
  • Existing improvements: 275sqm approx.
  • Approved Planning Permit for 12 level development
  • Capital City Zone (CCZ1)
  • Offered with vacant possession
  • Terms: 10% deposit, balance 60-90 days
  • Rear laneway access off Highlander Lane
  • Excellent exposure in Prime CBD location

Remember to mention you found this property on DevelopmentReady

 

Read More
Development Approved
Robert Butera
Robert Butera
+61 *** *** *** show +61 411 630 036
David Butera
David Butera
+61 *** *** *** show +61 424 388 348
Robert Butera
Robert Butera
+61 *** *** *** show +61 411 630 036
David Butera
David Butera
+61 *** *** *** show +61 424 388 348

Finance Calculator

490 Flinders Street, Melbourne VIC, 3000

Secure/no obligation

Step 1

Loan Variables

Adjust the inputs to explore your indicative finance options.

You can adjust the inputs below by tapping ‘Adjust Variable Inputs’.

Estimated Purchase Price: $x,xxx,xxx
What you intend to pay for the property
Your Contribution: $x,xxx,xxx
The amount you’re investing
LVR: $x,xxx,xxx
Loan to Value Ratio

Estimated Purchase Price:*

What you intend to pay for the property

$

Your Contribution:

The amount you’re investing

Min: 0% - Max: 90% of purchase price.

$

LVR:

Loan to Value Ratio

Min: 10% - Max: 100% of purchase price.

%

Loan Analysis

Estimated Purchase Price:
Your expected purchase price. Final lender valuation may differ and will affect LVR and borrowing.
$x,xxx,xxx
Your Contribution:
Your funds toward the purchase (savings/equity/gift). Does not include costs like duty, legals or LMI.
$xxx,xxx
Loan to Value Ratio:
Calculated as Loan ÷ Price. Guidance only. Lender policy caps vary by property type, location and borrower profile.
xx%
Loan Amount:
Estimated loan based on your inputs. Excludes fees, LMI and costs. Subject to credit assessment and valuation.
in full report
Interest Only: Monthly Repayments
Estimate using interest-only at 5.85% p.a. Excludes fees. Rates can change without notice.
in full report
Principal & Interest: Monthly Repayments
Estimate at 5.85% p.a. over 15 years, monthly compounding. Excludes fees/LMI. Rates may change.
in full report
Stamp Duty: victoria
Indicative rate for victoria. Concessions/exemptions (e.g., first home) may apply and change the amount.
in full report
Stamp Duty Cost:
Estimate only. Check SRO victoria for the latest rules and any concessions that may reduce this figure.
in full report

Property Location of 490 Flinders Street, Melbourne VIC, 3000

One moment please.

Retrieving map...

Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
490 Flinders Street, Melbourne VIC, 3000 Melbourne Cbd
Mulcahy Butera - Melbourne
Mulcahy Butera - Melbourne
Level 1, 235-237 Faraday Street, Carlton, VIC, 3053
Robert Butera
Robert Butera
+61 *** *** *** show +61 411 630 036
David Butera
David Butera
+61 *** *** *** show +61 424 388 348