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Property Ref: 72501

Profitable Motel in Prime Dunedin Location

Property Type: Leasehold Business

Sale Type: Business only

Region: Otago

Physical Address: 475 George Street, Dunedin

Price: $1,350,000 (plus GST if any)

Broker: Gessica Veras

Mobile: +6421 269 1384

Email: gessica@tourismproperties.com

Excellent Accommodation Investment in Central Dunedin

This meticulously maintained 18-unit motel, strategically positioned in the heart of Dunedin presents a lucrative opportunity for prospective owners. Featuring a diverse range of studios, one, and two-bedroom apartments, alongside a spacious three-bedroom house for comfortable manager’s accommodation, this property is primed for success.

Strategically located near the hospital, city center, and a plethora of local dining and shopping options, this motel enjoys unparalleled desirability among visitors. As Dunedin continues to flourish as the second largest city in the South Island, the consistent influx of tourists, temporary workers, and resident families guarantees a steady stream of demand for accommodation. The city’s vibrant event calendar, including conferences and games, further underscores the necessity for lodging, solidifying this motel as a lucrative asset for profit generation.

Boasting a comprehensive range of 8 studios, 8 one-bedroom, and 2 two-bedrooms apartments, the property is fully equipped to cater to the diverse needs of guests. Additionally, the main three-bedroom/2-bathroom house serves as comfortable manager’s accommodation.

Securing finance for this business shouldn’t be a big challenge considering its healthy financial statements, long lease, and bookings already in place. Not to mention that the building is in excellent condition having the exterior being completely renovated last year.

Is this your chance to change your lifestyle and achieve the goals you’re aiming for retirement? Be quick to register your interest, this leasehold won’t be available for long. This is your opportunity to take advantage of a profitable and established business and start to make money from day one.

Motivated owners have cherished this place for over a decade but now have to leave due to health reasons, as a result, they have priced the property realistically, reflecting their genuine desire to facilitate a smooth transition for the next proud owner.

For more information or to arrange your viewing, please contact the specialist Accommodation Business Broker, Gessica Veras, on 021 269 1384 or email gessica@tourismproperties.com

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72501 - Original Lease

72501 - Profit/Loss until 2024

72501 - List of Chattels

72501 - Lease Variation

72501 - Lease Extension

72501 - Rates 2023

72501 - Rates 2024

Property Details

Property Type

Leasehold Business

Sale Type

Business only

Region

Otago

Physical Address

475 George Street, Dunedin

Price

$1,350,000 (plus GST if any)

Contact Agents

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Gessica Veras

Business Broker
Southland & Otago
International: +6421 269 1384
NZ Mobile: 021 269 1384

Email: gessica@tourismproperties.com

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Business Broker Adrian Chisholm

Adrian Chisholm

PRINCIPAL | Tourism, Hospitality & Leisure Business Broker
Head Office | Queenstown & Central Otago
International: +64 21 727 888
NZ Mobile: 021 727 888

Email: adrian@tourismproperties.com

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