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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.
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