Bright On Track – Freehold Accommodation

Bright On Track – Freehold Accommodation — Hospitality & Tourism · Bright, Victoria · Asking $2,950,000

Freehold going concern accommodation asset in Bright, one of regional Victoria's most tightly held tourism destinations 9 self-contained apartments plus a substantial 3-bedroom, 2-bathroom owner's residence Solid modern construction on a 3,969sqm site in a prime central location Licensed bar, dining room, gallery and studio with a courtyard opening to a pool area Currently operating at low…

DealProspect/Listings/Hospitality & Tourism

Bright On Track – Freehold Accommodation

Motel

ActiveHospitality & TourismVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$2,950,000

Disclosed · AUD

Revenue

—

Earnings

—

Implied multiple

n/a

Price includes the property

Brief

Freehold going concern accommodation asset in Bright, one of regional Victoria's most tightly held tourism destinations
9 self-contained apartments plus a substantial 3-bedroom, 2-bathroom owner's residence
Solid modern construction on a 3,969sqm site in a prime central location
Licensed bar, dining room, gallery and studio with a courtyard opening to a pool area
Currently operating at low occupancy under semi-retired owners, with scope to increase yield
Configuration includes studio, mezzanine suite and tower apartment options

Motels in Victoria

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Listed

+1 in 30 days

Median asking

$2.4M

10 priced

Earnings multiple

2.9×

38 listings

Asking price spread10 of 12 state a price

This listing · $3M

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$100K–$250KOver $5M

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