4 Hobson Street
Queenscliff, VIC 3225

Athelstane House, located at 4 Hobson Street in the heart of Queenscliff, is a distinguished boutique hotel that represents one of the Bellarine Peninsula’s most recognisable and sought-after hospitality assets. This property offers a unique combination of heritage charm, coastal prestige, and significant investment potential.

Rich in history and character, Athelstane House has successfully operated as a premium boutique bed and breakfast, providing a rare opportunity for investors or operators seeking an iconic freehold hospitality property with immediate income and long-term value. The property is ideally suited for continued use as a boutique accommodation venue, with potential for sophisticated repositioning or alternative commercial uses, subject to council approval.

Investment and property highlights include an established 10-room, 11-bathroom boutique bed and breakfast with an exceptional trading record. The improvements are immaculately presented and include a fully equipped commercial kitchen. Expansive wraparound and upper-level balconies offer sweeping views that enhance the guest experience. The site is generously sized at approximately 930 square meters and is zoned Commercial 1, situated within a highly sought-after and tightly held hospitality precinct. The property is offered with vacant possession, providing unmatched flexibility for owner-operators, investors, or value-add development opportunities.

The building itself is an elegant period landmark, combining timeless Victorian-era architecture with practical and high-quality hospitality infrastructure. Guest rooms are generously proportioned and individually appointed with care. They are complemented by inviting common areas designed to cater to leisure travellers, corporate guests, and special events. The commercial kitchen and ancillary service spaces provide the capability to operate a premium boutique accommodation, fine dining experience, or a hybrid hospitality offering seamlessly.

Athelstane House enjoys an unmatched coastal location, positioned within walking distance of the bustling town centre, the iconic Queenscliff South Pier and marina, historic Fort Queenscliff, the celebrated Queenscliff White Lighthouse, and the pristine beachfront. This location offers unparalleled access to the region’s most renowned attractions and experiences.

Queenscliff is an affluent coastal resort town located just 29 kilometers from the Geelong CBD, serving as the gateway to the Bellarine Peninsula. The township is serviced by Searoad Ferries, providing direct connections to the Mornington Peninsula and attracting consistent tourism, leisure, and hospitality demand.

The property benefits from exceptional market fundamentals. Queenscliff’s property market has demonstrated remarkable growth, with median house prices rising 20% to $1,710,000 in recent years. The Borough of Queenscliffe experiences extraordinary seasonal visitation, with population surges of approximately 466% during peak summer, further underlining the area’s enduring appeal as a premier holiday and lifestyle destination.

This is a truly rare opportunity to acquire a freehold hospitality asset of this calibre, combining heritage charm, prime location, and commercial potential. Whether maintained as a sophisticated boutique accommodation operation or repositioned to capitalise on its Commercial 1 zoning (subject to council approval), Athelstane House represents a once-in-a-generation investment in a blue-chip coastal destination.