V-Leader has announced that one of the last major corner sites in the Melbourne CBD, located at 600 Lonsdale Street, is set to hit the market. 

Positioned in the heart of the city's thriving northern corridor, this rare opportunity offers over 45,000 sqm of Gross Floor Area (GFA), spanning 40 levels, with a permit already approved. The cleared site is primed for immediate development, offering immense potential for developers looking to create a landmark project.

Situated at the intersection of King Street and Lonsdale Street, 600 Lonsdale Street offers prime access to major arterial roads and is just a short walk from Flagstaff and Southern Cross Stations. The site's connectivity is further enhanced by proximity to Melbourne’s extensive tram network and direct access to the Airport and Tullamarine Freeway via King Street.

"The location of 600 Lonsdale Street, in the prestigious legal and premium residential precinct, provides a rare opportunity to secure a major CBD corner site," said Daniel Wolman of Cushman & Wakefield, along with colleagues Oliver Hay and Leon Ma, is handling the sale. "This site offers a significant opportunity to develop within one of Melbourne’s most connected and sought-after areas."

The flexibility of the Capital City 1 Zone provides developers with a wide range of end-use possibilities, including commercial, luxury residential, build-to-rent (BTR), student accommodation, and hotel development. The site's position in a rapidly redeveloping area, including the $1 billion revitalisation of the Queen Victoria Market precinct, adds further value to this unique offering.

Mr Hay said 600 Lonsdale Street is perfectly positioned to benefit from the ongoing transformation of the surrounding area. "With the Flagstaff Gardens and the vibrant Queen Victoria Market precinct nearby, the location blends the best of Melbourne’s urban life with the calm of extensive greenery, making it highly desirable for both residents and businesses.

“Developers will appreciate the site's extensive de-risking, with pre-construction work completed, allowing for an immediate start to the project. The surrounding neighbourhood is undergoing substantial redevelopment, enhancing the vibrancy and appeal of the area, making this a rare opportunity to shape the future of Melbourne’s CBD skyline”.

More Cushman & Wakefield readings 

Landmark prime corner property in Fremantle for sale - Cushman & Wakefield | Commo.

Prime Collingwood site for sale - Cushman & Wakefield | Commo.

Family office purchases landmark Melbourne property - Cushman & Wakefield & Gross Waddell ICR

440 Elizabeth Street hits the market - Cushman & Wakefield

99 Queen Street Melbourne CBD for sale - Cushman & Wakefield

Collingwood’s newest office building for sale - Cushman and Wakefield