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251-255 Moray Street, South Melbourne, Vic 3205 For Sale

251-255 Moray Street, South Melbourne, Vic 3205

Expressions of interest | $5,500,000 - $6,000,000

House
Type
3
Bedrooms
3
Bathrooms
2
Parkings

Published on Thursday, October 08, 2026 ( See property details for 251-255 Moray Street, South Melbourne, Vic 3205)

Expressions of interest | $5,500,000 - $6,000,000

Jamie Driver - Real Estate Agent - Kay & Burton - Bayside
Jamie Driver Senior Sales Consultant, Licensed Estate Agent
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Alex Schiavo - Real Estate Agent - Kay & Burton - Bayside
Alex Schiavo Executive Director, Group Board Member
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Open on Saturday 10 October 10:00 am | View All

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A landmark South Melbourne warehouse conversion offering dual residences, commercial flexibility, and stunning city views in a premier inner-city location.

🏑 Property Highlights

  • Triple-frontage site with substantial landholding in South Melbourne
  • Converted warehouse with two independent residences and commercial premises
  • Expansive, flexible living spaces with industrial heritage features
  • Stunning city views from the main residence’s soaring ceilings and external wall
  • Private landscaped garden and terrace with rear vehicle access and secure parking
  • Separate two-bedroom residence with private courtyard, ideal for extended family or income

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Waterfront / Views
  • Outdoor Area
  • Secure Parking
  • Garage
  • Home Office / Study
  • Balcony
  • Floorboards
  • Pet-Friendly
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251-255 Moray Street
South Melbourne, VIC 3205
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Vertical aerial view β€” 251-255 Moray Street
251-255 Moray Street — Vertical Aerial  •  South Melbourne, VIC 3205  •  Nearmap © 2026

South Melbourne is a vibrant inner-city suburb renowned for its historic charm, bustling markets, and proximity to the CBD. Key highlights include its diverse dining scene, beautiful parks like Albert Park Lake, excellent transport links, and a strong community atmosphere. The area offers a perfect blend of heritage architecture and modern amenities, making it highly desirable for both residents and investors.

What are the main lifestyle benefits of living in this warehouse conversion?
This property offers a unique blend of historic industrial charm and modern living, with spacious interiors, private gardens, city views, and versatile spaces suitable for family, work, or entertaining.
How flexible are the living arrangements within the property?
The property features two independent residences and commercial spaces, providing excellent flexibility for extended family, tenants, or professional use.
What are the key features of the main residence?
The main residence boasts soaring reclaimed timber ceilings, Oregon beams, hardwood floors, a contemporary kitchen with high-end appliances, and stunning city views.
Is there outdoor space available for entertaining or relaxation?
Yes, the property includes a private landscaped garden and terrace, ideal for outdoor entertaining and enjoying the inner-city environment.
What amenities are nearby?
The property is close to Clarendon Street, South Melbourne Market, transport links, premier schools, Albert Park Lake, the Royal Botanic Gardens, and the CBD.
Are there any restrictions or covenants on the property due to its heritage status? What are the zoning regulations and potential development restrictions (STCA)? Are there any known issues with the building’s structural integrity or heritage features? What are the ongoing maintenance costs for the property and gardens? Are there any upcoming planning or construction projects nearby that could impact the property’s value or enjoyment? Is there any history of flooding or bushfire risk in this area? Are there any strata or body corporate fees applicable to the property? What are the total costs involved in maintaining both residences and commercial spaces? Are there any easements or access restrictions affecting the property? Has the property been recently renovated to meet current building standards?

251-255 Moray Street, South Melbourne, Vic 3205 - More Details

Expressions of interest | $5,500,000 - $6,000,000

Commanding a substantial triple-frontage site in a premier inner-city setting, β€œIrish Linen House” c. 1920 is a landmark South Melbourne holding of exceptional significance, comprising three separate addresses across two titles on approximately 340 sqm, with residential and commercial zoning and rear vehicle access. The solid-brick former warehouse has been transformed into two independent residences and commercial premises, creating considerable scope for private occupation, investment or both, with further possibilities over time (STCA).

The industrial integrity of the original warehouse remains unmistakable throughout 253-255, now transformed into an impressive contemporary residence with remarkable flexibility across two levels. The expansive ground floor provides a series of adaptable rooms for additional living, accommodation or professional use, opening north to a private landscaped garden and terrace with rear vehicle access and secure parking. Above, the renovated main residence makes full use of its warehouse origins, rising dramatically to 5.8m (approx.) at its highest point beneath soaring reclaimed timber ceilings and Oregon beams. Two offices, or potential bedrooms, plus vast living and dining areas with hardwood floors take in stunning city views beyond a Boston ivy-covered external wall, alongside a superbly appointed kitchen with Bosch appliances, Zip HydroTap, Fisher & Paykel beverage drawers, and a walk-in pantry. A mezzanine retreat offers additional living space, alongside a main bedroom with robes and a striking bathroom.

Adding significantly to the proposition, Number 251 is an entirely independent two-bedroom residence with its own living and dining areas, kitchen and private courtyard, providing excellent scope for extended family, guests or a separate income stream. Together, this spectacular address offers a peerless combination of large-scale inner-city living, commercial capability and investment potential, just moments from Clarendon Street and South Melbourne Market, multiple transport links, premier schooling, Albert Park Lake, the Royal Botanic Gardens and the CBD.
Type
House
Bedrooms
3
Bathrooms
3
Parkings
2

Inspections times

  • Inspection Sat 10 Oct 10:00 am

    Saturday 10 October
    10:00 am - 10:30 am
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Map & nearby places — 251-255 Moray Street, South Melbourne, Vic 3205

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