FREEHOLD - Bright On Track, Bright VIC - 1P0583

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 xxxxx or contact the MHB Office on xxxxx.