Freehold Going Concern - Goldfield Riverside Apartments, Bright Vic - 1p0625
55-57 Gavan Street, Bright, Victoria 3741
Freehold Going Concern - $3,450,000
Key Features
AI generated. Contact seller to confirm.
- Six fully renovated, self-contained apartments plus three-bedroom owners residence
- 2,640m² resort property flowing onto Ovens River reserve and trails
- Prime central location in Bright, Victoria’s growing regional tourist town
- Five two-bedroom apartments and one renovated studio apartment
- Three titles, two street frontages and potential additional accommodation STCA
- Local property management option with substantial owners residence
- Established: 10 years of consistent figures
Business Details
Business Category Motel
MHB is thrilled to present the freehold going concern sale of the Goldfield Riverside Apartments, Bright.
Highlights include:
* 6 fully renovated, self-contained apartments plus spacious 3 bedroom owners residence in resort setting with rear yard flowing onto the Ovens River reserve and trails.
* 2,640m2 of well laid out resort in prime central location in Victoria's fastest growing regional tourist town of Bright.
* Current configuration consists of 5 recently renovated 2 bedroom apartments plus one fully renovated studio apartment.
* 10 years of consistent figures with recent numbers since renovation showing some of the strongest occupancy >80% and profitability in any accommodation business I have seen.
* Recently completed tasteful renovation on all apartments leaves an investor with nothing more to spend and plenty of upside in potential room rates to further maximise revenue per available room (rev par).
* Full list of recent improvements demonstrates thoroughness of renovation and provides a handy depreciation schedule that should excite your accountant.
* Plenty of upside is still on offer for investors with the property currently on three titles, option to long term rent owners residence or add to short term rental plus space for additional accommodation on property STCA with two street frontages.
* For a lifestyle focused investor apartments could be run by local property management whilst leaving a substantial owners residence to enjoy or rent separately for even higher yield.
To make an enquiry or arrange an inspection, contact Bennett Mountjoy direct on XXXXXXXXXX .
Highlights include:
* 6 fully renovated, self-contained apartments plus spacious 3 bedroom owners residence in resort setting with rear yard flowing onto the Ovens River reserve and trails.
* 2,640m2 of well laid out resort in prime central location in Victoria's fastest growing regional tourist town of Bright.
* Current configuration consists of 5 recently renovated 2 bedroom apartments plus one fully renovated studio apartment.
* 10 years of consistent figures with recent numbers since renovation showing some of the strongest occupancy >80% and profitability in any accommodation business I have seen.
* Recently completed tasteful renovation on all apartments leaves an investor with nothing more to spend and plenty of upside in potential room rates to further maximise revenue per available room (rev par).
* Full list of recent improvements demonstrates thoroughness of renovation and provides a handy depreciation schedule that should excite your accountant.
* Plenty of upside is still on offer for investors with the property currently on three titles, option to long term rent owners residence or add to short term rental plus space for additional accommodation on property STCA with two street frontages.
* For a lifestyle focused investor apartments could be run by local property management whilst leaving a substantial owners residence to enjoy or rent separately for even higher yield.
To make an enquiry or arrange an inspection, contact Bennett Mountjoy direct on XXXXXXXXXX .
Other Features / Notes
EXCLUSIVE, FREEHOLD GOING CONCERN, 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.