575 George Street, Dunedin, South Island

Freehold Investment – Dunedin Land and Buildings Motel for Sale

Offers over $4,550,000 +GST if any

Business Description

A rare opportunity to acquire a freehold land and buildings investment in one of Dunedin’s most tightly held and high-demand accommodation precincts. Located at 575 George Street, North Dunedin, this prominent property sits just one block from the CBD and within easy walking distance of the University of Otago, Otago Museum, retail, cafés, restaurants, and public transport.

Key Highlights
Freehold land and buildings investment

Prime North Dunedin location, one block from the CBD

Net Lease until 2050
Current annual rent $240,000 plus GST increasing to $250,000 plus GST on 1st October 2026
1,277 m² site with 870 m² of improvements

Established strong tenant operating successful motel complex in place

Strong underlying land and strategic value

Location
Positioned on George Street—one of Dunedin’s main arterial routes—the property benefits from excellent exposure, accessibility, and a highly walkable urban environment. The location consistently attracts strong accommodation demand, underpinned by tourism, education, and business travel.

Land & Buildings
The property is held on a freehold title with a land area of approximately 1,277 m². The improvements comprise an architecturally designed motel complex with a total floor area of approximately 870 m². The buildings accommodate 16 self-contained units, plus studio and a four-bedroom apartment, along with supporting guest facilities and on-site parking.

Investment Profile
The property is leased to an established and experienced motel operator who runs a successful accommodation business from the site. The motel enjoys strong market presence, positive guest reviews, and consistent demand driven by its central location and apartment-style offering.

Investors benefit from:

Proven accommodation use in a prime location

Strong underlying land value

Established tenant operating a successful motel complex

Low-management, passive investment profile

Future Considerations
The combination of a central city fringe location, generous site area, and substantial improvements provides long-term security and potential upside. The property may offer future redevelopment, repositioning, or rental growth potential, subject to council requirements and market conditions. Freehold accommodation assets of this caliber and location are seldom available.

For further information or to arrange a viewing, please contact specialist Tourism Business Broker Adrian Chisholm today on ---------- or email ----------

Business Summary

Marketing Agent

Adrian Chisholm

+64 21 727....

Tourism Properties

Key Investment Insights

1. Freehold land and buildings investment, providing outright ownership of the title and long‑term asset control.
2. Prime North Dunedin location, one block from the CBD and within easy walking distance of the University of Otago, Otago Museum, retail, cafés, restaurants, and public transport.
3. Net lease in place until 2050, delivering long-term, predictable income and tenant responsibility for operating obligations.
4. Current annual rent $240,000 plus GST, increasing to $250,000 plus GST from 1 October 2026, indicating built‑in rent escalation.
5. Generous site area of approximately 1,277 m² with 870 m² of improvements, offering scale and potential site utility.
6. Architecturally designed motel complex comprising 16 self‑contained units, a studio, and a four‑bedroom apartment, with supporting guest facilities and on‑site parking.
7. Established, experienced tenant operating a successful motel, evidenced by strong market presence, positive guest reviews, and consistent demand.
8. Low‑management, passive investment profile due to the net lease structure and tenant operations.
9. Excellent exposure and accessibility on George Street, a main arterial route, supporting consistent accommodation demand from tourism, education, and business travel.
10. Strong underlying land and strategic value, with potential for future redevelopment, repositioning, or rental growth subject to council requirements and market conditions, and noted rarity of similar freehold accommodation opportunities in the area.