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Property Ref: 27592

George Street Motel Apartments, Business for Sale in Dunedin

Property Type: Motels

Sale Type: Leasehold Interest (Business)

Region: Otago

Physical Address: 575 George Street, Dunedin, New Zealand

Price: LEASEHOLD INTEREST MOTEL FOR SALE $1,100,000 +GST (if any)

Broker: Adrian Chisholm

Mobile: +64 21 727 888

Email: adrian@tourismproperties.com

The Ultimate CBD Dunedin Motel Business!

George Street Motel Apartments are located in the very heart of Dunedin’s CBD, the best location for convenience, a perfect position just one block from the main Retail/Restaurant area and only minutes to the university. Offering a selection of affordable, high quality, serviced 1-4 bedroom accommodation options, these spacious, well appointed, sunny Motel Apartments are very popular with couples, families, individuals, team groups and corporate travellers, and post-covid, the motel continues to achieve 80% occupancy (in June & July 2020).

KEY FEATURES

  • Superb central location in Dunedin’s CBD!
  • Easy access to university, town, and food and retail stores
  • Only 30 minutes from the airport
  • 16 apartments, over two floors, plus one Premium Terrace 4bdm suite
  • Great north-facing complex, with high sun hours
  • Double-glazed windows
  • Plus central heating to every suite
  • Plenty of off-street parking available for guests, with surveillance
  • Long lease on offer of 30 years
  • Post-covid achieving 80% occupancy (June, July 2020)
  • Don’t delay call to view today.

Located in the first block north of the retail/restaurant area, this is one of the most centrally located Dunedin motels, offering an absolutely superb highly visible main street position. One of the closest motels to the Octagon (which is just a 5-minute walk away) and well established in historic George Street, the motel offers views out towards the hills of North Dunedin.

Dunedin Features & Approximate Travel Times:

  • Dunedin International Airport – 31 min drive
  • Dunedin Railway Station – 26 min walk
  • Forsyth Barr Stadium – 20 min walk
  • The Octagon – 14 min walk
  • St. Paul’s Cathedral – 14 min walk
  • Dunedin Town Hall – 13 min walk
  • Olveston – 10 min walk
  • University of Otago – 6 min walk
  • Otago Museum – 4 min walk

The Motel Complex consist of:

  • Ground floor reception & office to run this easy business from
  • 16 motel units offering various configurations
  • The guest laundry features 2 washers and 2 driers
  • Plus ample onsite car parking for guests
  • A two-bedroom owner/manager apartment is available onsite beside the office, which is made up of two one-bedroom apartments with an interconnecting door.

Lease: The Current lease runs through for a further 30 years (See documents for details).

This is an amazing opportunity in the heart of Dunedin’s CBD. If you are keen to be your own boss and run your own accommodation business, in a motel that is a notch above the rest, then contact me today. Our vendor is looking for offers to move on to another venture after successfully managing this business for the past five years, and pre-covid, achieving an impressive cash surplus. Now is your chance to get in to the motel business, in a city that is vibrant and a key destination due to the business and university sectors in Dunedin. Call me now for more details.

For more information or to arrange your viewing, please contact specialist Accommodation Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email Adrian@tourismproperties.com.


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Confidential Documents

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27592 | Dunedin Motel Business For Sale - Financials

27592 | Dunedin Motel Business For Sale - Lease

SUMMARY FROM ONLINE REVIEW PORTALS

“We were very impressed with the attention to detail & quality control at this property. Large, clean, functional & comfortable apartment. Great value for money. Congratulation to Manager Brendon Barclay.”  

Phil B.

Website

Total Reviews

Average Rating

Trip Advisor. com 245

4.0 / 5 stars

Google. com

65

4.4 / 5 stars

Booking. com

677

9.0/ 10 stars

Trip Advisor. com

Great Value. Great Service. Great Motel. ★★★★★

Thanks Brendon for another great stay in your Motel. The George Street Motel is an excellent location, close to the centre of the City yet quiet. Plenty of off street parking. The Units are very clean, warm and spacious. The owner/operator of the Motel is full of great tourist information and helpful with all requests.Super friendly staff. We have stayed here numerous times when in Dunedin and never been disappointed. Totally the best for value for money.

Comfortable and close to city ★★★★

Was a good place to stay, apartment was warm (2 deg out) and got all the morning sun. It was quiet in terms of traffic, lean and comfy bed. There were parts of the room that were a bit battered but overall, tidy and clean thanks guys.

Comfortable, clean and conveniently located. ★★★★★

This accommodation surpassed my expectations! We stayed in a one bedroom apartment which was tastefully furnished, the bedroom was quiet with very comfortable bedding and the kitchen was more than adequate with modern quality appliances. The apartment was located very close to an array of restaurants and cafes and was about a 10-15 minute walk from the main attractions including Dunedin Railway Station and The Octagon. The staff were very helpful and obliging. Would definitely stay here again!


Booking. com

Great place, we will be back 9/10

It is a cosy, clean motel and so super convenient that our dogs could sleep on the floor in our room.

Very Good 8/10

[No Comments]

Exceptional 10/10

Friendly staff and any issues we had was attended to fast. I am more than happy to stay there again when in Dunedin Rate A++

Superb 9/10

Super comfortable beds 🙂


Google. com

5/5 | Always enjoy staying here with our corgi Lizzie. So handy to shops & restaurants.

5/5 | [No Comments]

5/5 | [No Comments]

5/5 | Location, location, location – warm clean and comfy

4/5 | Clean, warm great location

5/5 | We love this place. So Central and easy to find. Brendon the owner is so helpful and accommodating. Facilities are clean and tidy. We would recommend to all and look forward to our next stay.

Source: Online review platforms.

Property Details

Property Type

Motels

Sale Type

Leasehold Interest (Business)

Region

Otago

Physical Address

575 George Street, Dunedin, New Zealand

Price

LEASEHOLD INTEREST MOTEL FOR SALE $1,100,000 +GST (if any)

Contact Agents

Business Broker Adrian Chisholm

Adrian Chisholm

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

Email: adrian@tourismproperties.com

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COMMUNICATIONS MANAGER

English
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凯文 阎

亚洲联络顾问
奥克兰,基督城和皇后镇(新西兰),布里斯班(澳大利亚)和亚洲
国际电话: +64 27 726 8888
新西兰手机: 027 726 8888

电子邮件: kevin@tourismproperties.com

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