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Investment Highlights

  • Established ground-floor restaurant with commercial kitchen plus upstairs living quarters.
  • Secure garage parking for two vehicles accessible via rear lane.
  • Only 3 km from Melbourne CBD and moments from major sporting and entertainment hubs.
  • High-exposure frontage along Victoria Street in a thriving retail and dining precinct.
  • Outstanding access to major arterials, tram routes, and nearby train stations.

Executive Summary

362 Victoria Street presents a unique opportunity to acquire a versatile mixed-use freehold in the heart of Richmond’s bustling Victoria Street dining and retail strip. Zoned Commercial 1 (C1Z), the property offers flexibility for a wide range of commercial uses (STCA) combined with existing income security through a long-term tenant. This two-level structure encompasses a ground-floor hospitality tenant space with an established restaurant layout and fully fitted commercial kitchen, complemented by upper-level residential accommodation. Additional features include rear lane access and secure garage parking for two vehicles.
Strategically located just 3 km from the Melbourne CBD, the property benefits from excellent connectivity to the CityLink and Monash Freeway, as well as immediate access to trams and nearby train stations. The surrounding area forms one of Melbourne’s most dynamic commercial and lifestyle precincts—home to acclaimed restaurants, cafés, and retail operators. Convenient proximity to Melbourne’s major sports and entertainment venues such as the MCG, AAMI Park, and Melbourne Park amplifies the intrinsic demand for this location. Combining high exposure, mixed-use versatility, and strong rental performance, 362 Victoria Street represents a tightly held inner-urban investment with substantial long-term growth potential.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
904 SF
Building Class
C
Tenancy
Single
Building Height
1 Story
Building FAR
0.57
Lot Size
0.04 AC
Parking
2 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
14’ on Victoria Street

Amenities

  • Controlled Access
  • Fenced Lot
  • Signage
  • Storage Space
  • Recessed Lighting

Nearby Major Retailers

Loving Hut
UBX
  • Listing ID: 40184492

  • Date on Market: 2026-04-17

  • Last Updated:

  • Address: 362 Victoria Street, Richmond, VIC 3121

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