Property Ref: 44260

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Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ

Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 1Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 2Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 3Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 4Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 5Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 6Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 7Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 8Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 9Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 10Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 11Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 12Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 13Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 14Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 15Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 16Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 17Apartments at St Clair, Majestic Mansions for sale in Dunedin, NZ 18
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Property Information

Apartments at St Clair are located in the stunning and iconic Majestic Mansions building in St Clair.

Earthquake Rated 100% NBS!

This is an exceptional opportunity for an experienced hotel operator to own the freehold land & buildings, continue to grow the business while being able to live in the popular sea side suburb of St Clair.

The iconic beach-side building has recently been rated 100% NBS (National Building Standard) in a 'Detailed Seismic Assessment' (available as one of the documents available for download)

The Apartments at St Clair are set just one street back from the beach, providing affordable accommodation for short to medium stays and is the perfect central city alternative for guests with the spectacular surf beach, cafes, restaurants and the salt water pools right on your doorstep. It is only 7 minutes from Dunedin’s CBD and is the gateway to the Otago Peninsula. Majestic Mansions was built in the 1920s and has approximately 880m2 of floor area set on a 668m2 site. 

There are a total of 12 of apartments with 8 x One Bedroom Apartments each having a separate kitchen, lounge, bathroom and bedroom with a queen sized bed and 4 x Two Bedroom Apartments each having the addition of a small second bedroom with two single beds. All apartments have either courtyard, city or sea views and 8 garages are available for car parking.

Managers/ Owners onsite Accommodation: Currently one of the 8 One Bedroom Apartments is used as the Managers apartment within the complex.

Broker's comments:​

This is a lot of land, buildings and business chattels and goodwill for the money. Seldom do you see in the tourism accommodation sector offering such prime real estate and sustainable profitable trading results.

We welcome your enquiry, please contact the specialist Tourism & Hospitality Business Broker, Peter Gale on 03 395 6751, mobile 021 608 107 or email: peter@tourismproperties.com

 

Dunedin is best known for its picturesque harbour setting, lively student population and Scottish heritage. It's the second largest city in the South Island, is considered one of the country's four main centres for its colonial history and prominence within the Otago region and the South Island  with the city population at 5 March 2013 was 120,246. Dunedin is surrounded by dramatic hills and at the foot of a long, picturesque harbour, Dunedin is one of the best-preserved Victorian and Edwardian cities in the Southern Hemisphere.

Tourism - Dunedin attracts about 2 million visitors annually, with New Zealanders making up the majority of the numbers. There is an average of 5500 visitors daily, many of whom have made the trip south to see Dunedin’s renowned wildlife and heritage for themselves. A growing part of this sector is the cruise ship industry, with 84 ship visits bringing 200,000 visitors during the 2011/12 season.

Otago Peninsula - the views are endless and the beaches are beautifully rugged. Nestled at the foot of Taiaroa Head is the Royal Albatross Centre, the only place in the world on the mainland where you can view Northern Royal Albatross in their natural habitat. On Dunedin’s doorstep you will also find incredible wildlife including the world’s rarest penguin colonies.

University city - The city's largest industry is tertiary education – Dunedin is home to the University of Otago, New Zealand's first university (established 1869), and the Otago Polytechnic. Students account for a large proportion of the population; 21.6 percent of the city's population was aged between 15 and 24 at the 2006 census, compared to the New Zealand average of 14.2 percent.

To access and download full confidential individual files on businesses for sale on this website, you must first be registered and have ticked the box that you agree to the strict terms and conditions of the confidentiality agreement provided by TourismProperties.com - A two minute process! If you are already registered, you can request full access to this listing’s confidential files by logging in with your existing user name and password. Peter Gale will quickly respond confirming your approval. When your business broker, Peter Gale, emails you access approval you must be logged in to this website to download the confidential files.

  • Insurance.pdf - 585.1 KB

  • Amended-Compliance-Schedule-List.pdf - 651.7 KB

  • Coloured-Plans.pdf - 4.6 MB

  • Trading-Figures.pdf - 1.6 MB

  • Rating-Valuation.pdf - 1.2 MB

  • QV-Valuation.pdf - 5.4 MB

  • Plans-of-Building.pdf - 17.1 MB

  • LIM-Report.pdf - 16.6 MB

  • Detailed Seismic Assessment - 1.1 MB

  • Occupancy.pdf - 353.2 KB

  • Sttmt Financial Performance 3yrs to 31 March 2017 - 89.0 KB

  • Occupancy-Info.pdf - 332.3 KB

  • GST-Returns-6mos-to-27Oct2017.pdf - 7.8 MB

TripAdvisor Reviews - what the guests are saying:​

“Perfect” [5 of 5 stars]
I am a regular business visitor to Dunedin and I always choose to stay at the Apartments. Friendly service, spacious clean rooms and great value. Free wifi and a kitchen. Perfect spot for a beer and a meal at the Starfish cafe just around the corner. Brilliant.

“Best place to stay in Dunedin!” [5 of 5 stars]
Absolutely fantastic place, rooms are beautifully presented and the views to the ocean are unbeatable! Hosts are amazing, very comfortable and welcoming. Will only stay here when in Dunedin! Location is great, right on the beach with plenty of restaurants to choose from. Thanks again!

“Waking up to the sound of waves” [5 of 5 stars]
We had a 1 bedroom apartment on top floor with stunning views over the St Clair and St Kilda beach. Nicely decorated with style, comfortable bed with warm blankets. The lounge was cosy with a great heater which made the place nice and warm. The 3rd bed was in the lounge and worked well for us. The kitchen is separate and has all you need, even a plunger (bring coffee). Excellent place to stay if you have a car and don't want to be in the centre of Dunedin. Lovely restaurants within a few minutes walking distance.

“Great two night stay” [5 of 5 stars]
Perfect apartments, loved the decor the owner was really friendly and very helpful with lots of local knowledge. Very clean with a good kitchen with everything you would need, but with some great places to eat just round the corner.

“A quiet and pleasant place” [5 of 5 stars]
We often visit Dunedin and really enjoyed the location at St Clair. The apartment had separate living, kitchen, bathroom and bedroom- apart from the bedroom- all were small but immaculate. The decor is tasteful and everything was very comfortable. The owner was very friendly and helpful. We enjoyed a quiet night's sleep and we loved walking beside the sea before breakfast the next morning.

“Great spot out of the city” [5 of 5 stars]
Spent 5 nights at the St Clair apartments and what a fantastic find they have been. We were fortunate to get a top floor room with views over St Clair beach. Great choice of 4 or 5 eating establishments all in walking distance. Only a 5 minute drive to the CBD and excellent facilities. Spotless clean, our room was serviced every day ! Will certainly return here on our next visit.

“Amazing Mansion” [5 of 5 stars]
We stayed here for three nights and wished we could have stayed for longer. We were on the top floor (3rd) and had amazing views of the Pacific Surf. We were entertained by the surfers on the big rollers. The bed was large and very comfortable and as with all our accommodation in NZ had dual electric blankets. There was a plug-in oil filled radiator if needed. The bathroom was a large wet room. The Kitchen was equiped with all the conveniences of home. The lounge was again a large room with sofa, easy chair with a table and chairs by the window allowing views of the surfers whilst having breakfast. All in all very comfortable accommodation. The Apartments are very close to cafes, bars and restaurants. Garaging for your car was available on a first come basis, with free on street parking for the unlucky ones,