Former Prahran home of award-winning Jacques Reymond restaurant hits the market

The heritage-listed former home of Prahran’s renowned Jacques Reymond restaurant has been listed for sale.

Reymond, who owns the Victorian mansion at 78 Williams Road, closed the doors of his restaurant in 2013 after a number of decades.

He entertained the likes of Elton John, Kylie and Danni Minogue, Michael Schumacher and Cliff Richard.

It became Woodland House, the two-hatted fine dining restaurant ran by Thomas Woods and Hayden McFarland, in 2014.

They bought out Reymond, who was their mentor, but were forced to appoint liquidators earlier this year.

In the 1980s it was home to highly regarded restaurant Allison's.

Colliers International’s Guy Wells, Ben Baines and Alex Browne are marketing the 1,010 sqm property with a $4.1 million to $4.51 million guide.

The grand gold-rush era property was originally constructed as one of two identical residences in the 1880s as a wedding gift to the owner's daughter. The Reymond family paid $1 million back in 1993.

The neighbouring property is a four bedroom home with formal dining room, living room and ground floor kitchen area.

“Offering rich history and endless charm, this is a rare opportunity to acquire one of Melbourne’s most recognizable buildings and influence the next chapter of this iconic property’s outstanding story," Wells said.

“The property, with its heritage façade, expansive rooms, abundant natural light and high quality improvements, offers a wide range of potential future uses.

Wells suggested 78 Williams would suit a conversion back to a grand residential property with its high ceilings, large land holding and surrounding proximity to prestigious schools, major arterials, parklands and retail amenity.

Wells also suggested the building could suit medical offices, as well as having the potential to be converted in to heritage apartments within the existing envelope.