'Bronte House' 145-147 Swan Street Morpeth
New Price
576 sqm
The Offer
One landmark property + business package in the beating heart of the Hunter Valley, two streams of revenue for income diversification, and a limitless lifestyle opportunity that’s positioned for capital growth and long-term returns.
145-147 Swan Street, The Bronte, is a genuinely rare, profitable business and lifestyle opportunity in the accommodation industry that’s been meticulously prepared to provide you with strong cash flow and capital growth in one of the Hunter’s fastest-growing, most desirable areas.
Map
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Address: 145-147 Swan Street, Morpeth, NSW 2321, Australia
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Video URL: https://www.youtube.com/watch?v=WA5aMdzBQ_0
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Returns
Purchase Property & Business
- Property purchase price $1,950,000
- Enjoy occupancy rates of 70-80%
- Business purchase price $230,496.04 - 1 * multiple of yearly profit
- Inventory $120,000 (note: at time of sale this number will need to be confirmed with a recount of minor stock items)
- Total purchase price = $2,300,496.04
(Please note there is currently $110k in wages included in the current profit numbers which could be reduced in an owner operator situation giving you the potential of a $350k income stream if all work was taken on by a couple).
Purchase Property Only
- Property purchase only - $1,950,000
- Secure leases return - $117,520 p.a. - 6% return
- Current owner is prepared to stay on as tenant for an investor purchase with secure lease
* Financial's available on request *
Description
The Property
Completely refurbished and extended over the past 5 years, the favoured heritage features of Bronte House have been expertly brought into the present day – maximising its value both as an asset and as a business.
Sitting on a large corner block with a commanding presence on Morpeth’s main street, Bronte House offers the below:
- Six luxury rooms with private ensuites and keyless entry
- Two luxury self-contained one bedroom apartments.
- Two decks, an entertaining courtyard, and hotel common areas
- Gourmet common kitchen with modern amenities and appliances
- Two detached laundry/storage rooms
- One street-facing room under a secure lease, with potential as an integrated shopfront, meals area, or souvenir store
The Location
A vibrant tourism destination famous for its heritage, architecture, and history as a bustling colonial river port, Morpeth is a scenic village along the Hunter River's southern banks.
With renown amongst tourists that rivals that of the Hunter Valley wine region and held in similarly high regard by locals, The Bronte is in prime position for capital growth and a lucrative location for those in the tourism, accommodation, and hospitality industry.
Sitting 2 hours from Sydney in the prized Hunter Valley, Morpeth attracts a staggering number of travellers each year, and its central location between Newcastle and Pokolbin positions The Bronte perfectly for a luxury weekend away.
Your guests can enjoy Australia's oldest wine region one day and Newcastle’s pristine beaches and flourishing CBD the next, with a night or two of luxury Morpeth accommodation in between.
The Business
The Past:
Constructed in 1822 and named after the Duke of Bronte, 145-147 Swan Street was purchased in 2014 and underwent a patient, meticulous process of upgrades.
These upgrades, while challenging at times, achieved the impossible: thoughtfully retaining the historic character and charm while subtly infusing a touch of Victorian and Asian design.
This unique design and guest experience – coupled with fully established processes and procedures for easy remote management – led The Bronte to build up an excellent reputation, with a strong occupancy rate that defied the pandemic and survived lockdown.
The Present:
Today, the highly profitable business reaps the rewards of this artisanal touch. With all the hard work done, the acclaim and numbers tell the story best.
Acclaim
- 4.8/5 on Google
- 9.3/10 on Booking.com
- 9.8/1- “Exceptional” on Hotels.com
- Awarded “Recognition of Excellence 2020” through Hotels Combined
- Voted No. 5 in the Top 10 Hotels in Australia through Star Ratings Australia
The Future:
With the current owners leaving behind a legacy to focus on their next chapter, the future of Bronte House is up for grabs.
Take up the reigns of this winning formula and enjoy easy returns, leading capital growth, and a coveted sole trader lifestyle, or expand on the strong foundations to make your own mark in the lucrative industry and thriving tourist destination provided by historic Morpeth.
There are no doubts that The Bronte has a bright future ahead – the only question is whether you’ll be the one to reap the rewards.
Morpeth
A vibrant tourism destination famous for its heritage, architecture and history as a bustling colonial river port, Morpeth is a scenic village located along the southern banks of the Hunter River. The real estate market within the village area has always been one of the highest performing suburbs within the entire Maitland LGA.
Morpeth offers a range of essential services including popular boutique specialty stores, beautiful coffee shops, restaurants, a medical centre and a supermarket.
It’s a lifestyle envied by many offering a range of playgrounds, sporting facilities and beautiful outdoor spaces scattered throughout the suburb.
The Bronte Guest house has been completely refurbished and extended over the last 5 years and offers 2 strong long-term tenants.
For full details including financials contact the team at River and secure your investment.
| Location | Travel Time From Location |
| Hinton | 5 mins |
| East Maitland | 9 mins |
| Chisholm | 12 mins |
| Stockland Green Hills | 12 mins |
| Raymond Terrace | 18 mins |
| Maitland | 21 mins |
| Newcastle Airport | 33 mins |
| Newcastle | 40 mins |
| Nelson Bay | 52 mins |
| Sydney | 2 hrs 15 mins |
- Joeys Preschool and Early Learning Centre, Morpeth
- Morpeth Public School (K-6)
- Grossmann High School, East Maitland (7-10)
- Hunter Valley Grammar School, Ashtonfield (Prep-12)
- St Aloysius Catholic Primary School, Chisholm (K-6)
- St Bede’s Catholic College, Chisholm (7-12)
- Savannah on Swan, Morpeth
- Morpeth Woodfire Pizza
- Boydells Restaurant & Wine Bar
- Cups N Crepes, Morpeth
- Victoria Hotel, Morpeth
- The Friendly Grocer, Morpeth
- Stockland Green Hills Shopping Centre
- Raymond Terrace MarketPlace
- Aldi, Raymond Terrace
- Terrace Central, Raymond Terrace
- The Levee’, Maitland
Inclusions
The Bronte Hotel “Main Building”
6 Rooms & 6 Bathrooms
External
- Brick and Colourbond roof construction
- External lighting
- Keyless entry to all external doors
- Side entertaining courtyard with brick pavers
- Raised and established garden beds
- Off-street parking to the rear
- 5 covered guest parking bays – lined with LED lighting and barn doors
- Rear store room with keyless entry
Hotel Rooms
- Plush carpet to the floors throughout
- Roll down block-out blinds to the windows
- Split system air conditioning units to all rooms
- LED downlighting
- Hotel room 1 with double opening doors to the covered deck
Ensuite
- Private ensuite for all hotel rooms
- Floor to ceiling tiles to all bathrooms
- Semi–screened glass shower screens
- Free standing bath with chrome tapware
- Toilet
Common Areas
- Hotel living room
- Roll down block-out blind to the window
- Fireplace and tiled hearth
- LED downlighting throughout
- Guest laundry to the rear
Upstairs Covered Entertaining Deck
- Hardwood timber decking
- Covered entertaining area
- Enclosed with transparent blinds for weather proofing and all year round use
- Toilet located off the deck
Additional Room – Leased
- Leased room similar size to all hotel rooms
- Street frontage and internal access
- Split system air conditioning unit
- Leased to River Realty
The Bronte Hotel – “The Lofts”
2 in total, identical in size and inclusions
- Recently completed – 2020
- Keyless entry
- Architectural timber cladding and iron roof construction
- Timber-look laminate flooring throughout
- LED downlighting throughout
- Open plan living, kitchen and dining
- Roll down blind to the window
- Barn sliding door into the room
Kitchen
- Shaker cabinetry with timber benchtops
- Stainless-steel sink with goose neck mixer taps
- Subway tiled splash backs
- 2 plate electric stove
- Recessed fridge and microwave space
Hotel Room
- Barn door entry
- Plush carpet to the floor
- Split system air conditioning units
- LED downlighting
- Double built-in-wardrobes with shaker profile doors
Ensuite
- Floor to ceiling subway tiled splash back
- Floating single basin with chrome mixer tap
- Mirrored storage cupboard
- Frosted glass window
- Shower with semi framed glass shower screen
- Toilet with hidden cistern
Contract
DA Approved Plans
Inventory List
Current Leases
To make a formal offer on this property, please fill in the form below and our listing agent will be in contact with you
Please note that this written Notice of Offer does not bind either party to an agreement, the buyer may change their mind at any stage up to exchange of contracts with no penalty. Should there be multiple offers of the same figure terms and conditions will be investigated or a second round of offers will be announced.
Make an Offer
About us
Agent Details
Chris Henry
Managing Director / Licensee
Whether he’s providing guidance and direction to the River team or working one-on-one with his clients to achieve the best outcome, Chris leads from the front with a hands-on passion for the industry and deep commitment to personal and professional development.
Working with transformative Australian and international mentors, Chris combines his on-the-ground experience with expertise gleaned from the global business coaching community to offer a trusted source of advice for clients as he guides them through some of the most emotionally and financially important moments of their lives.
Surrounded by a highly skilled leadership team, Chris provides a steady hand to steer the business in the right direction as it evolves into a full-service real estate agency, which goes beyond buying, selling and property management to encapsulate innovation, technology, property maintenance and marketing.
Agent Details
Tom Cohen
Property Sales Associate
After carving out a successful career in the mining industry, Tom was ready to invest his drive and commitment to hard work in a new direction.
Drawn to the possibilities offered by the real estate industry, Tom completed his certificate of registration before joining the Property Management team at River in late 2018.
Motivated to gain a foothold in the sales side of the business as well, Tom powered through every professional development and training course he could get his hands on and was rewarded with a position on Chris Henry’s team less than 12 months after joining the business.
Agent Details
Leisa Vivers
Property Sales Representative
With over 18 years of experience in real estate and marketing, Leisa brings an unparalleled level of expertise, empathy and professionalism to the River team. In her role as Sales Associate, she gives our clients invaluable guidance, support and advice – whether they’re selling a much-loved property, or looking to buy their dream home.
From marketing to legal requirements and negotiations, Leisa knows every aspect of the sales process inside and out, and she’s generous in sharing her knowledge. Leisa’s strong sales and communication skills have also contributed to her team winning multiple awards, including the Hunter Business Award in 2022 and 2021. Friendly and outgoing, Leisa also loves getting involved with the local community, supporting a string of sporting clubs over the years (Maitland Netball Association, Maitland Blacks Rugby Club, City United Cricket Club and Maitland Saints Football Club, to name a few).
