Basement, 238 Flinders Street, Melbourne, Vic 3000

CBRE are pleased to present For Sale an unrepeatable Flinders Street retail investment directly opposite Flinders Street Train Station located at 238 Flinders Street, Basement, Melbourne CBD.

The property represents the opportunity to purchase a commercial retail investment in one of the most tightly held retail locations in the Melbourne CBD and summarised by the key following points:

+ Offered fully leased to longstanding tenant ‘OTC Vintage’ who have been in occupation of this tenancy for 26 years and since the building was first developed

+ OTC Vintage have just renewed a new 3 + 2 year net lease (as of Nov-26) generating a total net income of $118,502* + GST + outgoings with fixed 4% annual increases

+ Offering direct access from Flinders Street with excellent on-street signage, the tenancy offers a functional 237 square metres* rectangular tenancy with open retail area as well as storage room and staff bathroom facilities  

+ A super prime & irreplaceable Melbourne CBD retail core location directly across from Flinders Street Train Station and metres from Swanston Street & Degraves Street with Flinders Street tram stop directly at the front of the building

+ Located at the bottom of ‘UniLodge on Flinders’ a purpose-built student accommodation building across 13-levels and 96 beds and directly adjacent to the upcoming ‘Town Hall Place’ development by Lendlease sitting above the newly developed Town Hall Train Station

238 Flinders Street, Basement, Melbourne is offered For Sale via Expressions of Interest closing Thursday 3rd December 2026 at 2:00pm (AEDT)

To arrange an inspection or request further information, please contact the exclusive sales and marketing agents at CBRE:

Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)  
+61 411 059 116 (手机)  
jj.heng@cbre.com (电子邮件)  
jheng1206 (微信)  

Alex Brierley  
+61 447 974 447  
alex.brierley@cbre.com.au  

Nathan Mufale  
+61 421 224 354  
nathan.mufale@cbre.com.au  

*Approx.