Freehold - Hara House, Bright Vic - 1p0613
2 Ashwood Avenue, Bright, Victoria 3741
Freehold Going Concern - $8,495,000
Key Features
AI generated. Contact seller to confirm.
- 22 appointed rooms and suites with modern mid-century architectural design
- Resort-style facilities including pool, bar, sauna and tennis court
- Full restoration completed in 2022
- On-site Pepperberry dining and beverage offering
- Development approval for eight additional units and a cafe, with reinstatement option
- Bright is a year-round regional tourism destination
- Established: 2023
Business Details
Business Category Motel
MHB is positively thrilled to present the freehold going concern sale of Hara House, Bright.
A rare example of hospitality excellence and execution – A unique benchmark accommodation precinct with no detail overlooked or expense spared.
Key Features:
* 22 magnificently appointed rooms and suites, infusing modern mid-century architectural designs with nostalgic Australian influences – a work of art and creative genius.
* Strong lifestyle-focused guest proposition featuring high end, resort-style facilities – pool and bar, sauna, tennis court, firepit, bikes and onsite spa.
* Full restoration undergone in 2022 - to create Bright's first boutique style hotel - a space that's connective, exhilarating and captivating by design.
* Bright is one of Victoria's leading year-round regional tourism destinations, benefiting from a diverse visitor economy across alpine activities, cycling, adventure tourism, food and wine, and a strong events calendar.
* On-site dining and beverage offering via Pepperberry, showcasing modern Australian cuisine, local produce and regional cool-climate wines, providing an additional revenue stream and enhancing the guest experience.
* Top-performing asset with - year on year revenue growth of 10% annually since the 2023 genesis of this masterpiece.
* An AVERAGE DAILY RATE of $270 – with occupancy of 50% demonstrates the growth corridor underway for future business.
* High-performance business model with potential to grow food & beverage and wellness offering.
* Growth opportunity with development approval for 8 extra double story units and a cafe (has since lapsed but option to reinstate).
* Nestled in the heart of North-East Victoria, Bright is one of Australia's most sought-after year-round destinations offering an exceptional foundation for a high-performing motel investment.
To make an enquiry or arrange an inspection, contact Dan McDonald direct on XXXXXXXXXX or Bennett Mountjoy direct on XXXXXXXXXX .
A rare example of hospitality excellence and execution – A unique benchmark accommodation precinct with no detail overlooked or expense spared.
Key Features:
* 22 magnificently appointed rooms and suites, infusing modern mid-century architectural designs with nostalgic Australian influences – a work of art and creative genius.
* Strong lifestyle-focused guest proposition featuring high end, resort-style facilities – pool and bar, sauna, tennis court, firepit, bikes and onsite spa.
* Full restoration undergone in 2022 - to create Bright's first boutique style hotel - a space that's connective, exhilarating and captivating by design.
* Bright is one of Victoria's leading year-round regional tourism destinations, benefiting from a diverse visitor economy across alpine activities, cycling, adventure tourism, food and wine, and a strong events calendar.
* On-site dining and beverage offering via Pepperberry, showcasing modern Australian cuisine, local produce and regional cool-climate wines, providing an additional revenue stream and enhancing the guest experience.
* Top-performing asset with - year on year revenue growth of 10% annually since the 2023 genesis of this masterpiece.
* An AVERAGE DAILY RATE of $270 – with occupancy of 50% demonstrates the growth corridor underway for future business.
* High-performance business model with potential to grow food & beverage and wellness offering.
* Growth opportunity with development approval for 8 extra double story units and a cafe (has since lapsed but option to reinstate).
* Nestled in the heart of North-East Victoria, Bright is one of Australia's most sought-after year-round destinations offering an exceptional foundation for a high-performing motel investment.
To make an enquiry or arrange an inspection, contact Dan McDonald direct on XXXXXXXXXX or Bennett Mountjoy direct on XXXXXXXXXX .
Other Features / Notes
EXCLUSIVE, FREEHOLD GOING CONCERN, Motel, VIC - North EastWhat's Nearby
Nearby Locations
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This business is somewhat unique and has no similar competition in this region, category or price bracket.