Cushman & Wakefield in conjunction with Savills, are pleased to present 106–120 Berkeley Street, Carlton for Sale by International Expressions of Interest closing Thursday 14^th May 2026 at 2pm (AEST).

Positioned within one of Melbourne’s most tightly held and high-performing education precincts, this rare inner-city freehold development site offers exceptional fundamentals for a high-quality purpose-built student accommodation (PBSA) project. With a concept scheme already in place, strong holding income, and direct proximity to the University of Melbourne and RMIT, this is a truly compelling opportunity not to be missed.

Key details are highlighted below:

·      Valuable landholding of 661sqm* with approximately 40m* of frontage to Berkeley Street, situated within one of Melbourne’s most tightly held inner-city precincts

·      Capital City Zone – Schedule 5 (CCZ5) under the City of Melbourne Planning Scheme, one of Melbourne’s most permissive zones for high-density development.

·      Comprehensive concept scheme for a 282-bed, 13-storey PBSA building prepared by Plus Architecture, incorporating urban-design feedback from the City of Melbourne (STCA). NLA of 5,195sqm* & GFA of 8,195 sqm*

·      Secure holding income with the property leased to Seven Seeds Coffee Roasters until May 2028, generating $177,379.36 in net rental income from June 2026 onwards. In addition to a residential lease currently providing $52,364 per annum on a month-to-month lease basis. Combined net annual passing income of $229,743.

·      Located in direct proximity to the University of Melbourne (120m*) and RMIT University (620m*), within Melbourne’s established education precinct and on the doorstep of the CBD, with over 110,000 students enrolled across both campuses

·      Excellent public transport connectivity with multiple tram routes along Peel and Elizabeth Streets and the newly opened Parkville Train Station (290m*), with Melbourne Central Station (860m*) also within walking distance

·      Established PBSA corridor surrounded by major operators including Scape Australia (105 Berkeley Street & 122–136 Berkeley Street), UniLodge and Journal Student Living, reflecting deep institutional confidence in the precinct

·      Strong lifestyle amenity with proximity to Carlton Gardens (940m*), Royal Park (1.2km*), the Lygon Street dining precinct (650m*), Melbourne Central (860m*) and Emporium Melbourne (1.2km*)

·      Concept scheme meets City of Melbourne Student Housing Policy requirements, delivering a diverse room typology (17–34sqm), on-site management model, and generous communal amenity across multiple levels including study rooms, lounges, a gym and communal terrace

*Approx.

^STCA

Cushman & Wakefield in conjunction with Savills, are pleased to present 106–120 Berkeley Street, Carlton for Sale by Expressions of Interest closing Thursday 14^th May 2026 at 2pm.

For more information, please contact the exclusive agents below.

Cushman & Wakefield

Leon Ma 马海翔 | +61 417 070 725

Oliver Hay | +61 419 528 540

Daniel Wolman | +61 412 957 839

Savills

Benson Zhou | +61 458 488 888

Julian Heatherich | +61 412 995 655

Andy Hu | +61 410 868 066