MELBOURNE LISTINGS > HOTEL ALBION

HOTEL ALBION

Recognised as a landmark of Port Melbourne, The Hotel Albion is a classic Melbourne pub that’s won many a local heart over the years. You’ll find the pub on Evans Street and it even has its own tram stop outside on the 109 line. The Parma challenges are legendary and spinning the Wheel of Glory always generates a cheer. In short the Hotel Albion is the local you always wanted to have within walking distance of home. 

 

There is foot path trading to the front of the venue which is a premium in the Summer looking out over the Walter Reserve.  The smokers also have their own covered courtyard in the venue. Heading inside it is a large open plan set up with the bar running down the middle of the venue.  Around the bar there is formal and informal dining, sofas and chairs to accommodate any number of patrons.  The sofas near the fires are hit in the Winter. To the side of the bar is a large fully equipped commercial kitchen. And other corridors lead to a comfortable office and a private dinning/board room.  Upstairs there are eight rooms of basic accommodation that are nearly all fully booked and this provides on average $1500 a week. As it is an old hotel the venue has the obligatory large beer cellar with plenty of storage space. 

 

The Hotel Albion has a General Licence until 1am with a large capacity of 280.  There are twelve years left on the lease made up of 3+4+5.  Rent including GST comes in at $2400 a week.  The pub is in good condition has an extensive fixture and fittings list and is free of any supplier contracts or equipment leases. 

 

The Hotel Albion is ready to be handed over to an experienced operator or hospitality group that can take it to the next level of profitability.  The venue has a great location and reputation with a constant trade.  The vendor has a good set of books that justifies his asking price of $465,000 for this great locals pub.