Superb Prime Central location, Motel Business For Sale in Dunedin
Property Type: Motels
Sale Type: Leasehold Interest (Business)
Region: Otago
Physical Address: Dunedin, Otago, NZ
Price: Price by negotiation
Broker: Adrian Chisholm
Mobile: +64 21 727 888Email: adrian@tourismproperties.com
Central Dunedin Motel with High Corporate following.
This Central Dunedin Motel boasts a high corporate and family following. With 21 modern units of various configurations, excellent long lease, and year-round high occupancy rates, this property stands out. Stylish street appeal and tranquil surroundings, making it arguably one of Dunedin’s quietest motels. Recently refurbished with modern amenities, including tiled bathrooms, each unit offers comfort and convenience. Strategically located on the northern route to the Northern Motorway, with easy access to George Street, Dunedin’s main street, and close proximity to Otago University and the stadium, this is an unparalleled opportunity for savvy investors.
- High profile location in Dunedin
- 21 modern units of various configurations
- Excellent long lease
- Great year-round occupancy rates
- High corporate and family following
- Stylish and attractive street appeal
- Arguably one of Dunedin’s quietest motels
- Built over two levels, with established gardens and landscaping
- Recently refurbished, all with modern tiled bathrooms
- Plus a pet friendly, modern 3-bdm manager’s apartment
This 21 unit motel complex which enjoys an exceptionally long lease is situated strategically on the northern route to the Northern Motorway and enjoys awesome guest parking and the manager’s three bedroom apartment and ground floor office/reception area is in a separate building. The manager’s apartment is on two levels and the ground floor lounge opens out on to a private and self-contained courtyard which allows a new business owner to have a pet.
The office has exceptional frontage to Great King Street as the office and manager’s apartment and courtyard are in a separate new building but adjacent to the recently fully refurbished motel complex that has direct access to George Street, Dunedin’s main street.
The 21 units in the motel are some of Dunedin’s quietest motel suites as positioned well back from Great King Street and feature good configuration to allow for the corporate and family markets. Being adjacent the Otago University attracts a good base occupancy throughout the year.
This is a superb Motel Business opportunity that is hard to beat, register now and then call me to arrange your viewing.
For more details please contact specialist Accommodation Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email Adrian@tourismproperties.com.
If you would like to know more, please register, then navigate to the Documents tab above the main image, and request access, thank you.
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33335 l Occupancy Revenue Feb 2024
33335 l Profit & Loss Statement - 6 mths Sept 2023
33335 l Occupancy & Revenue Data Dec2021_May2023
33335 | Annual Financial Summary - added 7 September 2022
33335 | Abridged Financial Statements - added 7 September 2022
33335 l Abridged Statement of Profit and Loss Statement 2022 (4 Months)
33335 | Variation of Lease
33335 | Sub-Lease
33335 | GST Information 2017-2020
33335 | Occupancy Revenue 2017-2020
33335 l Abridged Statement of Profit and Loss Statement
Property Details
Property Type
MotelsSale Type
Leasehold Interest (Business)Region
OtagoPhysical Address
Dunedin, Otago, NZPrice
Price by negotiationContact Agents
Adrian Chisholm
PRINCIPAL | Tourism, Hospitality & Leisure Business BrokerHead Office | Queenstown & Central Otago
International: +64 21 727 888
NZ Mobile: 021 727 888
Email: adrian@tourismproperties.com
Gessica Veras
Business BrokerSouthland & Otago
International: +6421 269 1384
NZ Mobile: 021 269 1384