The Prince Albert 147-149 Douglas Pde 10 Room Hotel Williamstown, VIC 3016 $4,689,332 ($468,933/Room)

Joseph Louis Realty proudly presents the Prince Albert Hotel, an iconic Williamstown property offering a rare freehold opportunity in one of Melbourne’s most tightly held bayside precincts. Positioned on a prominent corner site of approximately 983 m², this double-storey brick building (circa 1915–1916) combines architectural character with significant redevelopment potential (STCA).
The ground floor features a traditional public bar with cellar, multiple dining and function areas, a commercial kitchen, and male and female restrooms. The first floor comprises ten rooms, a kitchen, laundry, bathrooms, and a large outdoor terrace, providing excellent scope for refurbishment or adaptive reuse. Additional improvements include outdoor storage, a walk-in fridge, and a sizeable rear yard with clear value-add potential.
With its flexible internal layout, dual street frontage, and recently updated liquor licence, the property offers multiple strategic pathways: reactivation as a hospitality venue, boutique accommodation, office conversion, mixed-use redevelopment, or transformation into a grand trophy residence (STCA).
Located at the corner of Douglas Parade and Albert Street, the property enjoys strong exposure, consistent passing traffic, and proximity to Williamstown Foreshore, shopping precincts, and transport links. This is a rare chance to secure a blue-chip bayside holding with long-term upside.