This beautiful heritage-listed cottage in the heart of historic Albany presents a rare opportunity to purchase an established lifestyle business offering high-quality, short-term accommodation showing excellent profits.
Built in 1890, the Federation-style cottage was meticulously restored and transformed into a guest house 18 years ago, since when it has enjoyed high occupancy and a good proportion of loyal return clients valuing the impressive blend of character with modern facilities and the city-centre location.
As well as increasing its attraction to tourists and corporate clients alike, its position among the shops, entertainment, cafés and restaurants boosts this property’s potential for capital growth.
Run as a bed and breakfast venture with an arts and literary focus, Three Chimneys in Spencer Street displays superb original features befitting accommodation of this calibre. Within the double brick walls, polished jarrah floors, fireplaces and ornate ceilings are complemented by thoughtful details to enhance comfort and security, such as extensive ceiling and wall insulation and noise-cancelling, burglar-proof glazing.
Each of the four double guest rooms is filled with character and has air conditioning as well as its own TV, refrigerator and spacious en suite shower room.
Three of these guest rooms are in the original part of the cottage, while the fourth, in an upper-level extension, takes in expansive views over the nearby entertainment centre and town jetty to Princess Royal Harbour and Torndirrup National Park.
There’s a comfortable guest lounge and a breakfast room in addition to a well-equipped, spacious kitchen.
A fifth shower and toilet are suitable for staff use, and there’s a laundry and a handy store room as well as three guest parking spots at the back.
Running the business from off site could be easily achieved by an owner-operator or managed for an investor such as a farmer.
A significant advantage is the potential to purchase a separate, modern home directly behind the cottage, providing superior accommodation for owners or managers..
Discuss the exciting possibilities for this exceptional property with Jeremy Stewart of Merrifield Real Estate, phone 0439 940 976.

What you need to know:
- 1890-built double brick cottage, meticulously restored
- High-calibre bed and breakfast accommodation
- Heritage listed, part of historic precinct, original floors, ceilings, fireplaces
- Central location a short walk from eateries, entertainment, shops
- Four double guest rooms, all with TVs, refrigerators and en suite shower rooms; one with fabulous harbour views
- Central lounge
- Breakfast room
- Well-equipped kitchen
- Laundry
- Shower room and toilet for staff use
- Guest parking
- High occupancy, excellent profits, good return clientele
- Opportunity to purchase separate, superior two-bedroom home at the rear
- Council rates $5,165.06
- Water rates $1,488.73