Queenscliff, Victoria

Iconic and Historical Bed & Breakfast in the heart of Queenscliff | Resort Brokers ID : FH009040

$3,100,000

Business Description

ResortBrokers is delighted to present to market the historic Athelstane Hotel.

Located in Queenscliff, the charming seaside town at the south-eastern end of the Bellarine Peninsula, Athelstane Hotel 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: a “Superb” 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 House’s 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 Hotel was extensively renovated in the 1990s in keeping with its historical aesthetic.

Athelstane Hotel 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 hotel’s west-facing grand balcony is a favourite spot for guests to soak in the ambience.

Athelstane Hotel’s commercial kitchen serves a large expansive restaurant and living room area. The onsite restaurant adds to the property’s appeal, offering guests a convenient dining option and an additional revenue stream for owners.

There is ample scope to extend the restaurant’s 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 owner’s apartment that is ideal for an owner-operator to make their own. If this option is taken, the property effectively becomes a nine-room hotel.

Astute buyers should be quick to consider this exceptional opportunity. This is more than just a property; it’s 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 distance 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: 08 Feb 2026 22:00:06