Property Ref: 51676
Beach Lodge Motels - St Kilda (DUNEDIN)
Owners have just reduced the price to show that they are serious! This business must sell soon!
Beach Lodge Motels is a stable cash-flow business comprising 18-units plus comfortable manager accommodation. It has outstanding occupancy with impressive returns! Being close to the popular St Kilda Beach, away from the concentrated 'motel strip' of George Street, and priced at an affordable level, these Motels have a loyal following that is relatively immune to economic cycles.
Located on Victoria Road, one of the access routes through to the Otago Peninsula, it is only a 5-minute walk to St Kilda beach, a 2km drive to St Clair Esplanade with its beach, pool, cafés and bars, a 7km drive to the city centre, the University and Dunedin Hospital.
With all of Dunedin's main sporting facilities, including the new Forsyth Barr rugby stadium, the University Oval, the Caledonian, the Edgar Centre, Logan Park, Alexander McMillan Turf (Hockey) and Moana Pool, Dunedin Ice Skating Rink all situated within easy driving distance, Beach Lodge Motels enjoys strong patronage from visiting sports teams, social groups and businesses.
Current operators have been here several years and now wish to pursue other opportunities.
- Secure Motel Lease
- Established with long track-record
- Popular, strategic location appealing to wide range of clients
- Significant repeat business
- Set up for easy management
- Consistently over 80% occupancy
Owners require discretion with this sale. Interested parties are required to sign a Confidentiality Agreement before further information, including financials, will be provided.
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
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Chattels (Original List) - 441.1 KB
Lease - 14.7 MB
P & L Accounts (6 Yrs) - 85.8 KB
8-year-trend-statement (NB: 2018 yr only shows 11 mos) - 160.8 KB