Queenscliff 34-38 King Street
Right "ROYAL" Development Opportunity
In 1854, William Leigh, one of Queenscliff's first residents had a vision to build the first considerably sized hotel in the region. The location on King Street was well chosen so that, as visitors swept around the corner into the centre of town they were greeted by his grand multi-storey establishment. Originally constructed of fine grade timbers, the very first election for the newly established Borough of Queenscliff was held within its walls in 1863 before being destroyed by fire the following decade. Thankfully, due to its popularity, the town rallied and the Royal Hotel as we know it today was rebuilt, this time even larger and grander, in the early 1880s.
More than a century later, the still much loved property is available for sale offering the new owners both a significant slice of valuable history and so much potential it will make your head spin!
It is this precise opportunity to restore the uniquely Italianate building -filled with original features- back to its shining glory, that makes this prospect so incredibly exciting. Imagine what can be achieved with the vision and admiration you have for historical detail!
Whether you retain and build on the hotel's existing purpose and clientele via refurbishment of the two private dining rooms, lounge bars, bistro, alfresco dining and upstairs accommodation facilities or consider the idea of residential redevelopment (STCA), the possibilities are enormously enticing!
Substantial as it stands, there is the added bonus of being situated on just over half an acre of prime land that begs the question... "How can this be better utilised?" Your own ideas combined with those already partially explored by the current vendor, could well be the making of your fortune!
All in all, with its superb location, incomparable historical value, allotment size and situation in a tourism hot spot, the capacity for earning on this investment is staggering!
2004 sq m approx. allotment Restoration/development goldmine! Filled with original features Substantially sized building Short walk to beach and shops
Terms: 10% deposit, 30-120 days
Land: 2,004 sq m approx.
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Property Information
- Land area approx 2,004sqm
Fletchers Agents
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James Gladman Director, B.Sc, CEA (REIV)
Sold
10 3
House
Queenscliff Area Guide
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Important Information
Fletchers Area Guide Queenscliff, VIC 3225
Situated on Bellarine Peninsula and the entrance to Port Phillip Bay, Queenscliff's first residents came in the 1850s. The settlement received a fillip 20 years later when a rail service connected the town to Geelong. Today, that rail service only runs 16 km from Drysdale - now as a tourist attraction. The Bellarine Rail Trail is a walking and cycling track that largely follows the railway line. Historical buildings abound in and around Queenscliff's commercial centre.