362 Victoria Street, Richmond, VIC 3121 | Commercial for sale | OnTheHouse
 
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362 Victoria Street
Richmond VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 247m2
Land area: 150m2
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Premium Location with Excellent Connectivity

Located along the vibrant dining and retail strip of Victoria Street, 362 Victoria Street, Richmond presents a rare opportunity to secure a versatile Commercial 1 Zone (C1Z) freehold with strong income potential in one of Melbourne’s most tightly held inner-city precincts.
This impressive property features a spacious ground-floor restaurant premises together with residential accommodation above, offering investors a flexible mixed-use asset with long-term tenant security and strong rental yield.
Property Highlights:
Commercial 1 Zone (C1Z) – flexible zoning allowing a wide range of commercial uses (STCA)
Established restaurant dining area with commercial kitchen
Upper-level residential accommodation with multiple bedrooms, kitchen and bathroom
Functional mixed-use layout suitable for hospitality and residential use
Rear access with garage parking for two vehicles
Approximate total building area: 247m²
Long-term tenant in place providing strong rental yield
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Property Details for 362 Victoria St, Richmond

Building Type
Commercial
Floor Size
247m2
Land Size
150m2
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About Richmond 3121

The size of Richmond is approximately 4.4 square kilometres. There are 20 parks, covering nearly 4.9% of the total area. The population of Richmond in 2016 was 27705 people. By 2021 the population was 28587 showing a population growth of 3.2% in the area during that time. The predominant age group in Richmond is 20-29 years. Households in Richmond are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Richmond work in a professional occupation.In 2021, 43.00% of the homes in Richmond were owner-occupied compared with 40.80% in 2016.

Richmond has 22,792 properties. Over the last 5 years, Houses in Richmond have seen a -10.28% decrease in median value, while Units have seen a -0.25% decrease. As at 31 July 2026:

  • The median value for Houses in Richmond is $1,386,330 while the median value for Units is $653,806.
  • Houses have a median rent of $885 while Units have a median rent of $620.
There are currently 72 properties listed for sale, and 39 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1062 properties were sold in the past 12 months in Richmond.

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Minh Tran
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Eric Truong
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White Knight Estate Agents St Albans
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