10-12 Wood StreetBright VIC 3741
Property Details for 10-12 Wood St, Bright
Last Listing description (March 2023)
EXCLUSIVE TO MHB
Rare opportunity to secure a beautifully presented Leasehold Motel situated within a popular VIC tourism mecca!
Located within a tightly held area in the picturesque high-country location of Bright is this recently updated accommodation listing, ready for its next owners to continue its strong performance.
Situated within a short stroll to the town centre and within walking distance to nearly all Bright shops and food outlets, this property has everything going for it.
Featuring 20 beautifully presented rooms with a diverse range of formats, in-ground swimming pool, BBQ area, ample guest parking plus the added bonus of a 3 bedroom on-site family residence.
The motel has recently undergone significant upgrades with 6 updated and recently renovated executive rooms, along with a recent repaint internally in late 2019 and externally in early 2021.
This motel enjoys the benefit of significant repeat clientele with a large portion of guests booking their next stay on the day departure from their current one.
The current operators have invested in some big-ticket items with repairs and replacements over the past few years which will give the next operators a sense of ease knowing that these won't require repair or maintenance in the near future. These include a new BBQ, hot water system repairs, replumbing and re-piping, pool pump replacement with an automatic chlorinator and new pool cleaner. Most inventory is consistently updated and upgraded also.
With the domestic market well and truly reopened, the next operator of this rare opportunity will enjoy the large and varied events that run each year and the inflow of additional customers from these events.
Key Features:
* 20 motels rooms with a variety of room configurations
* Situated within a very strong tourism location
* Significant repeat client trade
* BBQ area, in-ground swimming pool, ample guest parking
* Recent upgrades and renovations to some rooms
* Spacious 3 x bedroom family residence
With Bright being one of the regional destinations of choice this area sees an influx of travellers and tourists year-round. And, with this property's fortuitous location to the city centre it is nearly guaranteed to continue its great run off excellent trading on the back of this alone.
An excellent opportunity for the enthusiastic operator to reap the rewards.
Contact Dan McDonald at MHB to arrange an inspection.
Property History for 10-12 Wood St, Bright, VIC 3741
- 12 Oct 2022Listed for Sale Leasehold $615,000
Recent sales nearby
See more recent sales nearby/assets/perm/l7ekcofxbmi6zakkuhpuwxpnn4?signature=35f138f3f7ef61b70d2f99c7c3097d840673cf1d117734a7857a883665a5f18d){kind=logo}
0/assets/perm/l4qqjxgfeyi6va5wew33kduufa?signature=4f378ee7cb2b981fd4c2e12b975775da6bf0ce706d845808ec519a1c7ec50844){kind=logo}
0/assets/perm/g4bkam73qii6tmzbfna4fjmmuy?signature=5054b1ab98c2f36cc8f783dd4a889a3bb578b5264838cd606af9e7e10718cb70){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0About Bright 3741
The size of Bright is approximately 133.5 square kilometres. It has 14 parks covering nearly 35.2% of total area. The population of Bright in 2016 was 2406 people. By 2021 the population was 2620 showing a population growth of 8.9% in the area during that time. The predominant age group in Bright is 60-69 years. Households in Bright are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bright work in a professional occupation.In 2021, 72.40% of the homes in Bright were owner-occupied compared with 69.40% in 2016.
Bright has 2,422 properties. Over the last 5 years, Houses in Bright have seen a 46.06% increase in median value, while Units have seen a 53.25% increase. As at 30 November 2025:
- The median value for Houses in Bright is $970,292 while the median value for Units is $595,772.
- Houses have a median rent of $575 while Units have a median rent of $460.
Suburb Insights for Bright 3741
Market Insights
Bright Trends for Houses
N/A
N/A
View TrendN/A
N/A
Bright Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
