SOLD
Sold on 16 May 2024 for $10,000,000

106 Coronation Avenue
Bright VIC 3741

Bedrooms: 3
Bathrooms: -
Car spaces: -
Floor area: 195m2
Land area: 33337m2
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Property Details for 106 Coronation Ave, Bright

Building Type
Commercial
Year Built
1930
Floor Size
195m2
Land Size
33337m2
Local Government
Alpine
Lot/Plan
2A~K/PP2227

Last Listing description (March 2017)

Situated in the heart of the Mystic Bowl, a paraglider's paradise and recreational centre of Bright, The Outdoor Inn is located just 2.5 km from the Bright CBD.
3.331 hectares zoned as Residential 1 under the Alpine Shire Planning Scheme, The Outdoor Inn is one of the few appropriately zoned properties within a reasonable distance of town that offer the opportunity of re-development as either a residential subdivision or caravan park, cabin park or a mixture of accommodation and residential house lots subject to council approval. Currently the business caters to the accommodation and camping requirements of back packers, para gliders, and bike riders.
Fronting the property is the walking / cycling path linking Bright to Wandiligong. Bright is a very walking and cycle friendly shire, one of it's many attributes which contributes to the overall lifestyle that living in Bright has to offer.

Property History for 106 Coronation Ave, Bright, VIC 3741

A timeline of how this property has performed in the market
Last Sold
$10,000,000
16 May 2024
  • 16 May 2024
    Sold for $10,000,000
  • 16 Dec 2016
    Sold for $1,300,000
  • 03 Dec 2014
    Listed for Sale $1,350,000 Freehold & Business

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About 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 2011 was 2,165 people. By 2016 the population was 2,423 showing a population growth of 11.9% 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 $1000 - $1399 per month on mortgage repayments. In general, people in Bright work in a managers occupation. In 2011, 68.8% of the homes in Bright were owner-occupied compared with 69.4% in 2016.

Bright has 2,227 properties. Over the last 5 years, Houses in Bright have seen a 71.19% increase in median value, while Units have seen a 39.83% increase. As at 30 September 2024:

  • The median value for Houses in Bright is $989,387 while the median value for Units is $511,556.
  • Houses have a median rent of $580 while Units have a median rent of $425.
There are currently 1 property listed for sale, and no properties listed for rent in Bright on OnTheHouse. According to CoreLogic's data, 56 properties were sold in the past 12 months in Bright.

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