FREEHOLD - Hara House, Bright VIC - 1P0613

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 xxxxx or Bennett Mountjoy direct on xxxxx.