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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 666 275
Linc Reynolds - 0457 930 093
Tom O'Halloran - 0438 078 138
Benson Zhou - 0458 488 888
Remember to mention you found this property on DevelopmentReady
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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 666 275
Linc Reynolds - 0457 930 093
Tom O'Halloran - 0438 078 138
Benson Zhou - 0458 488 888
Remember to mention you found this property on DevelopmentReady
