106-114 Berkeley StreetCarlton VIC 3053
Property Details for 106-114 Berkeley St, Carlton
Last Listing description (April 2026)
Cushman & Wakefield in conjunction with Savills, are pleased to present 106120 Berkeley Street, Carlton for Sale by International Expressions of Interest closing Thursday 14th May 2026 at 2pm (AEST).Positioned within one of Melbournes 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 Melbournes most tightly held inner-city precincts Capital City Zone Schedule 5 (CCZ5) under the City of Melbourne Planning Scheme, one of Melbournes 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 (12-month demo clause for landlord in agreement). 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 Melbournes 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 & 122136 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 (1734sqm), on-site management model, and generous communal amenity across multiple levels including study rooms, lounges, a gym and communal terrace*Approx.^STCACushman & Wakefield in conjunction with Savills, are pleased to present 106120 Berkeley Street, Carlton for Sale by Expressions of Interest closing Thursday 14th May 2026 at 2pm.For more information, please contact the exclusive agents below.Cushman & WakefieldLeon Ma | +61 417 070 725Oliver Hay | +61 419 528 540Daniel Wolman | +61 412 957 839SavillsBenson Zhou | +61 458 488 888Julian Heatherich | +61 412 995 655Andy Hu | +61 410 868 066
Property History for 106-114 Berkeley St, Carlton, VIC 3053
- 09 Apr 2026Listed for Sale Contact Agent
- 30 May 2019Sold for $10,400,000
- 24 Apr 2019Listed for Sale Contact Agent
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0About Carlton 3053
The size of Carlton is approximately 1.7 square kilometres. It has 9 parks covering nearly 20.9% of total area. The population of Carlton in 2016 was 18535 people. By 2021 the population was 16055 showing a population decline of 13.4% in the area during that time. The predominant age group in Carlton is 20-29 years. Households in Carlton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carlton work in a professional occupation.In 2021, 23.30% of the homes in Carlton were owner-occupied compared with 18.60% in 2016.
Carlton has 16,043 properties. Over the last 5 years, Houses in Carlton have seen a -3.89% decrease in median value, while Units have seen a -11.11% decrease. As at 31 March 2026:
- The median value for Houses in Carlton is $1,571,182 while the median value for Units is $344,739.
- Houses have a median rent of $843 while Units have a median rent of $560.
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