1 The Track , Bright, Victoria
FREEHOLD - Bright On Track, Bright VIC - 1P0583
Freehold Going Concern - POA
Business Description
MHB is delighted to present to market, the freehold going concern sale of Bright On Track.
An exceptional opportunity to acquire a landmark freehold going concern accommodation product in Bright - one of regional Victoria's most tightly held and high-performing tourism destinations.
This is a rare chance for an astute motelier to secure a thriving accommodation asset within the enduring appeal of Bright's alpine lifestyle and visitor economy.
Key Features:
* 9 self-contained apartments plus spacious owners residence in resort setting ripe to fulfil its potential.
* 3969m2 of well laid out resort in prime central location in Victoria's fast growing regional tourist town of Bright.
* Solid modern construction with oversized rooms suggests reconfiguration and/or utilising owners residence could unlock substantially more commercial potential.
* Currently run at low occupancy by semi-retired owners. Occupancy and yield could be significantly increased via an astute operator.
* For a lifestyle focused investor rooms could be run by local property management whilst leaving a substantial owner's residence to enjoy.
* Current configuration consists of 5 studio units (1 queen + 1 king single, 3 mezzanine suites (1 queen + 2 king singles) plus one tower apartment (3 bedrooms, 1 queen + 2 king singles).
* Huge 3-bedroom, 2-bathroom owners residence sits above a licensed bar, dining room, gallery, studio & courtyard opening to pool area.
* Massive opportunity for a creative operator to repurpose this magnificent space to suit their specific niche. This could be repositioned as boutique luxury hotel for cyclists, group tours or a wellness and spa retreat.
Inspections strictly by appointment.
For more information or to make an enquiry, contact Bennett Mountjoy direct on ---------- or contact the MHB Office on ---------- .
Business Summary
Other Features / Notes
EXCLUSIVE, FREEHOLD GOING CONCERN, Motel, VIC - North EastKey Investment Insights
1. Freehold going concern sale, offering full property ownership and immediate operational potential.
2. Located in Bright, Victoria, a tightly held high performing regional tourism town with strong alpine lifestyle appeal.
3. 3969m2 well laid out resort on a prime central site, providing scale and scope for expansion or repurposing.
4. Inventory of nine self contained apartments plus a substantial three bedroom, two bathroom owners residence, enabling owner occupation or additional revenue generation.
5. Current room mix detailed and versatile, comprising five studio units, three mezzanine suites and one three bedroom tower apartment, suitable for groups and families.
6. Owners residence sits above a licensed bar, dining room, gallery, studio and courtyard opening to pool area, offering integrated F&B and guest amenity capability.
7. Solid modern construction with oversized rooms, signalling straightforward reconfiguration potential to increase room count or upgrade to higher yield product.
8. Currently operated at low occupancy by semi retired owners, representing clear upside for an active, astute operator to materially lift yield and cashflow.
9. Strong repositioning opportunities, including boutique luxury hotel for cyclists, group tours or a wellness and spa retreat, matching Brights established visitor segments.
10. Flexible ownership models feasible, including hands on operation for investors or local property management for lifestyle owners, with inspections available strictly by appointment.
