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251 Richardson Street, Middle Park, Vic 3206 For Sale
251 Richardson Street, Middle Park, Vic 3206 251 Richardson Street, Middle Park, Vic 3206-Image 251 Richardson Street, Middle Park, Vic 3206-Image 251 Richardson Street, Middle Park, Vic 3206-Image 251 Richardson Street, Middle Park, Vic 3206-Image 251 Richardson Street, Middle Park, Vic 3206-Image 251 Richardson Street, Middle Park, Vic 3206-Image 251 Richardson Street, Middle Park, Vic 3206-Image 251 Richardson Street, Middle Park, Vic 3206-Image 251 Richardson Street, Middle Park, Vic 3206-Image 251 Richardson Street, Middle Park, Vic 3206-Image 251 Richardson Street, Middle Park, Vic 3206-Image 251 Richardson Street, Middle Park, Vic 3206-Image 251 Richardson Street, Middle Park, Vic 3206-Image 251 Richardson Street, Middle Park, Vic 3206-Floorplan

251 Richardson Street, Middle Park, Vic 3206

$3,000,000 - $3,300,000

House
Type
3
Bedrooms
2
Bathrooms
3
Parkings
272 m²
Area

Published on Thursday, October 01, 2026 ( See property details for 251 Richardson Street, Middle Park, Vic 3206)

$3,000,000 - $3,300,000

Ben Manolitsas - Real Estate Agent - Marshall White - Port Phillip
Ben Manolitsas Partner, Auctioneer, Licensed Estate Agent
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Open on Wednesday 7 October 1:30 pm | View All

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

A versatile dual-level property in Middle Park offering substantial residential and commercial potential with city views and secure parking.

🏡 Property Highlights

  • Prime dual-level property with significant residential and commercial potential
  • Two street frontages with a coveted northern rear aspect
  • Rooftop terrace capturing city views and northern sunlight
  • Secure off-street parking for three vehicles via gated access
  • Flexible use: currently a hospitality venue with options to revert or redevelop
  • Excellent location close to public transport, beaches, and amenities

✨ Key Features

  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Waterfront / Views
  • Secure Parking
  • Garage / Secure Parking
  • Outdoor Area / Balcony
  • Floorboards
  • Alarm system
  • High energy efficiency
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251 Richardson Street
Middle Park, VIC 3206
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Vertical aerial view — 251 Richardson Street
251 Richardson Street — Vertical Aerial  •  Middle Park, VIC 3206  •  Nearmap © 2026

Middle Park is a highly sought-after suburb renowned for its vibrant village atmosphere, proximity to Albert Park Lake, and excellent transport links. Residents enjoy a mix of historic charm and modern amenities, with easy access to beaches, leading schools, and recreational facilities. The area offers a strong community feel, diverse dining options, and scenic outdoor spaces, making it ideal for families, professionals, and investors alike.

Can the property be converted back to a restaurant or hospitality venue?
Yes, the property currently configured as a hospitality venue offers the flexibility to revert to its former restaurant use or adapt for other commercial or residential purposes, subject to council approvals.
What are the potential redevelopment options for this property?
The property’s substantial land size and dual street frontages provide opportunities for redevelopment, including creating a private residence with city views or other commercial ventures, subject to planning consent.
Is there scope for adding a garage or additional parking?
Gated access from Erskine Street already provides secure off-street parking for three vehicles, with potential for further parking enhancements subject to council regulations.
What are the key features of the rooftop terrace?
The rooftop terrace captures northern sunlight and city views, offering an ideal outdoor space for relaxation or entertaining.
Are there any restrictions or planning controls I should be aware of?
Any redevelopment or renovation plans should consider local planning controls and zoning regulations, with advice from a planning professional recommended.
Are there any existing planning restrictions or easements affecting the property? What are the potential costs associated with converting the property back to a restaurant or redeveloping it? Are there any known structural issues or defects with the building? Is the property located in a flood or bushfire-prone area? Are there any upcoming planning or development projects in the vicinity that could impact the property’s value or enjoyment?

251 Richardson Street, Middle Park, Vic 3206 - More Details

$3,000,000 - $3,300,000

Expressions of Interest close Tuesday, October 27 at 5.00pm.

Occupying 272sqm (approx) in the heart of Middle Park Village, this substantial dual-level property presents significant residential and commercial potential, supported by two street frontages, a coveted northern rear aspect and vehicle access from Erskine Street. Currently configured as a hospitality venue, the building offers the flexibility to revive its former restaurant use or pursue a spectacular private residence with garaging and city views from an upper level (STCA).

Previously home to Cusina, the existing fit-out spans generous indoor dining areas and outdoor spaces, culminating in a rooftop terrace that captures northern sunlight and city views. A commercial kitchen services the main restaurant areas, with multiple WCs arranged across both levels, while the upstairs office provides further scope for renovation or reconfiguration. Its depth of 40m (approx) adds another dimension to future plans, whether retained for occupation, leased or redeveloped (STCA).

Gated access from Erskine Street already provides secure off-street parking for three vehicles, a considerable advantage in this tightly held village setting. The property sits moments from the light rail, #12 tram, Middle Park Hotel and Neds, with Albert Park Lake, MSAC, the beach and leading schools all within easy reach, placing exceptional amenity around a property with substantial land and future potential.
Type
House
Bedrooms
3
Bathrooms
2
Parkings
3
Area
272 m²

Price guide

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Inspections times

  • Inspection Wed 7 Oct 1:30 pm

    Wednesday 7 October
    1:30 pm - 2:00 pm
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  • Inspection Sat 10 Oct 2:30 pm

    Saturday 10 October
    2:30 pm - 3:00 pm
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  • Inspection Wed 14 Oct 12:30 pm

    Wednesday 14 October
    12:30 pm - 1:00 pm
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  • Inspection Sat 17 Oct 12:30 pm

    Saturday 17 October
    12:30 pm - 1:00 pm
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Map & nearby places — 251 Richardson Street, Middle Park, Vic 3206

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