Proudly supported by all of the industry's leading brokers
Iconic and Historical Bed&Breakfast in the heart of Queenscliff | Resort Brokers ID : FH008472
$3,295,000
Motel (Freehold) hospitality, QUEENSCLIFF VIC
ResortBrokers and Kerleys Coastal Real Estate are delighted to exclusively present to market the historic Athelstane House.
Located in Queenscliff, the charming seaside town at the south-eastern end of the Bellarine Peninsula, Athelstane House is steeped in history.
Built in 1860, this charming heritage residence is ideally positioned in the centre of town, just a short stroll to the beach, Queenscliff Harbour, Citizens Park, and the bustling Hesse Street shopping precinct.
This charming property is currently operating as a 10-room bed and breakfast that has proved hugely popular with guests. Ratings on OTAs are exceptional: aSuperb 9.1 (from 10) on Booking.com, and an Excellent 4.8 and 4.5 (from 5) on Google and TripAdvisor respectively.
The buyer has the option of continuing Athelstane Houses existing operations as a freehold going concern boutique hotel or, alternatively, repurposing this historic property as a private residence that is less than two hours drive from central Melbourne.
Spanning almost 1,000 sqm, Athelstane House was extensively renovated in the 1990s in keeping with its historical aesthetic.
Athelstane House is a haven for guests seeking a touch of luxury and personalised customer service. All 10 rooms are generously sized and come with ensuites.
The hotels west-facing grand balcony is a favourite spot for guests to soak in the ambience.
Athelstane Houses commercial kitchen serves a large expansive restaurant and living room area. The onsite restaurant adds tothe propertys appeal, offering guests a convenient dining option and an additional revenue stream for owners.
There is ample scope to extend the restaurants trading hours to attract a larger client base from among the local community.
Ease of operation is a main drawcard for this business. The hotel is currently operated remotely with contactless check-in. Should the buyer wish to run the hotel on site, there is the convenience of a well-appointed, one-bedroom managers apartment that is ideal for an owner-operator to make their own. If this option is taken, the property effectivelybecomes a nine-room hotel.
Astute buyers should be quick to consider this exceptional opportunity. This is more than just a property; its a chance to own a piece of history and to create some of your own.
- Historical bed& breakfast, a unique trophy asset.
- Strategically positioned in the vibrant heart of Queenscliff.
- Boasts 10 elegantly designed and well-maintained guest rooms.
- Features a comfortable and spacious owner's apartment.
- Sprawls across a generous land parcel of 930 sqm.
- Conveniently located within walking to the beach and Queenscliff Harbour.
- Offers a stunning west-facing balcony.
- Presents a significant opportunity for growth and expansion.
- Inspections are by appointment only
Date updated: 01 Jun 2025 23:00:03
More Information
- Total Purchase Price: $3,295,000
- Net Income: $ 0
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?