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550 Swanston Street, Carlton VIC 3053

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550 Swanston Street, Carlton VIC 3053

Carlton

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550 Swanston Street, Carlton VIC 3053
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550 Swanston Street, Carlton VIC 3053

550 Swanston Street, Carlton VIC 3053

Properties / Buy / Victoria / Carlton
Development Potential
Property Type
Commercial, Health/Medical
Sub Type
Office, Health Care
Land Area
1,315 m² (*approx)
Zoning
Mixed-Use
Selling Method
EOI: Contact Agents
DOCUMENTS AVAILABLE
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EOI Closing Date
30 Apr 2026 04:00PM
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Holding Income with Significant Development Potential (STCA)
  • Develop up to 13 storeys (STCA)
  • Strong Holding Income
  • Flexible Mixed Use Zoning

Savills is delighted to offer 550 Swanston Street, Carlton for sale via expression of interest closing Thursday 7th May at 4pm.

550 Swanston Street is ideally positioned in the heart of Melbourne’s key education, accommodation, and medical precincts. The property benefits from a flexible zoning, while neighbouring developments indicate strong potential for future projects of up to 13 storeys (STCA). The benefit of holding income, make it Carlton’s most attractive development opportunity.

Key attributes of the properties include:

• 1,840sqm* three level freehold commercial building including 30 car parking spaces with congestion levy exemption
• Leased to The University of Melbourne returning $913,966 per annum gross plus GST
• Significant 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, convenient access to the new Metro tunnel via the Parkville and State Library Train Stations, plus multiple Trams along Swanston Street

For Sale by Expression of Interest closing Thursday 7th May at 4pm.

*Approximate.

Tim Grant - 0478 666 275
Linc Reynolds - 0457 930 093
Tom O'Halloran - 0438 078 138
Benson Zhou - 0458 488 888

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Development Potential

550 Swanston Street Development Site Summary

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This listing meets our standards for including all key property details
Property Type
Commercial, Health/Medical
Sub-type
Office, Health Care
Land Area
1,315 m² (*approx)
Zoning
Mixed-Use
Selling method
EOI: Contact Agents
DOCUMENTS AVAILABLE
Request Access
EOI Closing Date
30 Apr 2026 04:00PM
Add to calendar

Development Site Highlights

Holding Income with Significant Development Potential (STCA)
  • Develop up to 13 storeys (STCA)
  • Strong Holding Income
  • Flexible Mixed Use Zoning

Savills is delighted to offer 550 Swanston Street, Carlton for sale via expression of interest closing Thursday 7th May at 4pm.

550 Swanston Street is ideally positioned in the heart of Melbourne’s key education, accommodation, and medical precincts. The property benefits from a flexible zoning, while neighbouring developments indicate strong potential for future projects of up to 13 storeys (STCA). The benefit of holding income, make it Carlton’s most attractive development opportunity.

Key attributes of the properties include:

• 1,840sqm* three level freehold commercial building including 30 car parking spaces with congestion levy exemption
• Leased to The University of Melbourne returning $913,966 per annum gross plus GST
• Significant 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, convenient access to the new Metro tunnel via the Parkville and State Library Train Stations, plus multiple Trams along Swanston Street

For Sale by Expression of Interest closing Thursday 7th May at 4pm.

*Approximate.

Tim Grant - 0478 666 275
Linc Reynolds - 0457 930 093
Tom O'Halloran - 0438 078 138
Benson Zhou - 0458 488 888

Read More
Dataroom
Development Potential
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550 Swanston Street, Carlton VIC 3053

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550 Swanston Street, Carlton VIC 3053 Carlton
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Savills - VIC
Savills - VIC
Level 29, South Tower, 80 Collins Street, Melbourne, VIC, 3000
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Tim Grant
Tim Grant
+61 *** *** *** show +61 478 666 275
Linc Reynolds
Linc Reynolds
+61 *** *** *** show +61 457 930 093
Tom O’Halloran
Tom O’Halloran
+61 *** *** *** show +61 438 078 138
Benson Zhou
Benson Zhou
+61 *** *** *** show +61 458 488 888
Enquire