Rarely does an opportunity of this calibre present itself in the heart of Richmond. One of a kind with no heritage overlay and a fantastic layout offering up to 9 bedrooms, 4 bathrooms and ample office space, this exceptional property provides a rare chance to develop, invest and live comfortably within a sought-after lifestyle location.

Currently a lucrative and popular accommodation business/hostel, trading under the name Central Melbourne Accommodation which is perfect for both short and long term stays. Close proximity to hospitals, cafes and retail for employment opportunities has made it a long-term local favourite, primed and ready for a keen investor to take over.
Well-maintained by the same family for more than 20 years, and with a coin-operated laundry, communal lounge, shared central kitchen and two off-street parking spaces, you have everything you need for a lifetime of rewards.

Alternatively, utilise the space and the potential to redevelop it into a townhouse/apartments (STCA) and make the most of the vibrant and central location, only metres to Citizens Park, trams, Bridge Road’s dining and retail precinct, Epworth Hospital and only a few minutes commute to Melbourne’s CBD and elite schooling options. Whether seeking a development project, lucrative business opportunity, ready-made investment or a fantastic family home, this residence ticks all the boxes.

A rare opportunity like this is not seen in Richmond very often.


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The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.