FREEHOLD - Bright On Track, Bright VIC - 1P0583

Description

Bright On Track | Freehold Going Concern | 9 Self-Contained Apartments | Bright VICMHB is delighted to present to market the freehold going concern sale of Bright On Track, an established accommodation asset in Bright, one of regional Victoria's most tightly held and high-performing tourism destinations.This is a rare opportunity to acquire a substantial freehold accommodation property within the highly desirable alpine lifestyle and visitor economy of Bright.Key Features* 9 self-contained apartments plus a spacious owner's residence within an established resort setting.* Substantial 3,969m² landholding in a prime central location within Bright.* Solid modern construction with generously sized rooms providing scope for reconfiguration and further commercial development.* Currently operated at low occupancy by semi-retired owners, presenting significant potential to improve occupancy, yields and overall returns under active management.* Opportunity for a lifestyle-focused investor to appoint local property management while retaining the substantial owner's residence for personal use.* Current accommodation configuration includes: * 5 studio units, each featuring 1 queen bed and 1 king single bed. * 3 mezzanine suites, each featuring 1 queen bed and 2 king single beds. * 1 tower apartment comprising 3 bedrooms, 1 queen bed and 2 king single beds.* Large 3-bedroom, 2-bathroom owner's residence positioned above a licensed bar, dining room, gallery, studio and courtyard opening towards the pool area.* Significant potential to reposition and repurpose the existing facilities to target specialised tourism markets.* Potential to develop a boutique luxury accommodation concept targeting cyclists, group tours, wellness retreats or spa experiences.The combination of substantial land, central location, established accommodation infrastructure and low current occupancy provides a strong platform for an experienced operator to unlock significant additional value.Bright On Track presents an exceptional opportunity for an astute motelier, lifestyle investor or creative hospitality operator seeking a substantial freehold accommodation asset with multiple avenues for repositioning and growth.Inspections strictly by appointment.