The restaurant’s original owner Andrew Singer established the eatery at the former Prince of Wales Hotel, constructed in 1857, more than three decades ago.
Since he sold, the restaurant’s successive operators have leased part of the former hotel which also includes the Prince and Buoy cafe, three-bedroom accommodation on the third floor and two commercial kitchens. Mr Gregson said although the Titanic venue had shut, a new tenant took over the lease three to four months ago with plans to launch a nautical-themed wine bar and restaurant possibly with live music.The exterior of the former hotel where the Titanic Theatre Restaurant was based.The tenant’s five-year lease includes options to extend for a further two five-year terms.“It has a 3am liquor license, the only one of its kind in Williamstown,” Mr Gregson said.
He said several buyers have requested to inspect the property with interest in the Titanic peaking ahead of the film starring Kate Winslet and Leonardo DiCaprio being re-released in cinemas on February 9.The re-release of the remastered movie will celebrate its theatrical release’s 25th anniversary.Set on 460 sq m, the building has male and female bathrooms on all floors, a dumbwaiter, private dining and function areas, multiple bars and an office.Behind one of the bars.
The venue made headlines in February last year when police seized about 200 cannabis plants and a hydroponic set-up, after the restaurant had been closed for months.Sign up to the Herald Sun Weekly Real Estate Update. Click
Would it have anything to do with the 100 cannabis plants found inside it? Are they part of the sale?