Imminent sale of Launceston hotel where Melbourne's settlement was seeded
The historic Cornwall Hotel was rebuilt in 1905 to have 35 rooms for accommodation. Photo: Knight Frank

Imminent sale of Launceston hotel where Melbourne's settlement was seeded

For the best part of a century, a large hotel in Launceston’s CBD has been trading off its main claim to fame that is, according to realtor Charles Black, “that we’re the big brother of Melbourne!”.

It’s a playfully provocative claim, but in the case of The Cornwall Hotel, that has been on the market since last year, it’s a gilt-edged truth. 

It was in the original iteration of The Cornwall, in 1835, that the tee-total publican John Pascoe Fawkner overheard the big plans John Batman and his Port Phillip Association were hatching to cross Bass Strait, drive a stake into the turf of what would become Victoria, and claim a massive chunk of land around Port Phillip Bay for themselves.

The_Cornwall_Hotel_as_it_was_in_the_1880s._Photo_State_Library_of_Tasmania_iljcsp
The Cornwall Hotel as it was in the 1880s. Photo: State Library of Tasmania

Johnny Fawkner wasn’t part of the syndicate but being a pugnacious and endlessly ambitious colonial entrepreneur, he wanted in on the land grab so much he quickly organised and provisioned a little ship, the Enterprize, and in August 1835 he and his crew of first settlers sailed up the Tamar for the mainland territory that had, until then, eluded white occupation. 

Because he had debts owing, Fawkner was taken off the boat before it exited the river. But it was his crew who landed beside the Yarra on August 30 to commence permanent settlement. It was his crew who ploughed the first field and felled the first trees with steel axes. 

It was October before Batman made it back to the place he’d envisioned for a village, and that he’d earlier explored and for which he’d signed the shonky deed of sale with the Indigenous owners, the Wurundjeri. 

So, this is how and where the protracted battle to be named the founding father of Melbourne began between two disputatious men from Launceston. 

If those who’ve recently put in an expression of interest to buy The Cornwall and its nice CBD parcel of 2219 square metres are successful, it could be known by the end of this month if they’ve paid around the estimated $4 million plus, says Knight Frank Launceston property consultant Charles Black.

And just to bring the story full circle, it could turn out that they’re mainlanders buying a hotel that claims to be one of Australia’s most storied and historic from a Launceston syndicate of owners who had it for about seven years and who undertook much refurbishing so it can be occupied mainly by “overseas workers coming in for the berry picking or beef processing jobs”.

Black says while there was local interest in a business that came with a triple income stream – from the accommodation, from weekly renting a once-nightclub area to Hillsong Church for their weekly services, and to a coffee shop and bakery – “we’re expecting a mainlander probably with a development story in mind”.

Pascoe Fawkner had built the pub in 1824 and while the sales pitch suggested some of the walls of that original building survive in the rear of the Cameron Street property, the long, handsome and heritage-noteworthy Federation façade was built much later and will have to stay in situ. 

Plaques_inside_The_Cornwall_maintain_the_legend_of_being_the_place_where_Melbourne_was_really_founded._Photo_Knight_Frank_fku1tb
Plaques inside The Cornwall maintain the legend that it is the place where Melbourne was really founded. Photo: Knight Frank

That’s a good idea in a very pretty town that has preserved so well, so much of its lovely old building stock, and in a town benefiting from a tourism rebound, strong agricultural earnings, and, says Black, “workers coming in for the hydro schemes. 

“[Economically,] Tassy is rocking. Until the last quarter when we dropped to second place, Tasmania has been the best performing state for eight quarters in a row.”

The_lovely1905_facade_of_The_Cornwall_will_survive_whatever_happens_next._Photo_Knight_Frank_emujrc
The lovely 1905 facade of The Cornwall will survive whatever happens next. Photo: Knight Frank

Launceston is rocking along with it all. “There is a lot of money coming into this town and this hotel is in a great location, right in the CBD and close to city park, the river and the new uni. Brand new office buildings are going up around it.”

Black maintains that The Cornwall is ripe for redevelopment because as historic as the site is, “the building at the back has been pretty hacked around. It’s all over the place”.

But whatever occurs, Black is still ribbing that little will obscure the reality “that Melbourne can thank The Cornwall for its existence”.

Get a weekly roundup of the latest news from Commercial Real Estate, delivered straight to your inbox!

By signing up, you agree to Domain’s Privacy Policy and Conditions of Use. You may opt out at any time.