Dunedin Central, South Island
FHGC Motel - Performing Well - Vendor Finance
Land, Buildings and Business $2,995,000
Business Description
Not many opportunities become available to purchase the land and buildings and business of motels, especially in the sought-after Dunedin motel market.
Located away from the hustle and bustle of the city, nestled in suburban Dunedin and close to St Kilda and St Clair beaches. Situated on a road which is the gateway to the Otago Peninsula and the beauty that it offers.
This 11-unit (13*) complex, has been extensively renovated, including window joinery, roofing, kitchens, bathrooms, exterior painting, carpeting, appliances, electrical work, plumbing and unit fixtures. EV charging station installed February 2023.
Inspection will show that a lot of the hard work has been done and the motel is all ready to perform for the next operators. For the last seven and a half years transitional housing has been the 99% occupancy generator, with the Government annual contract in place and an increase in the rate until the 30th of June 2025.
Owner's residence is a three to five-bedroom villa style house with three bathrooms. Freshly painted 2023 February. Roof also replaced the summer of 2023. The house is already for you and includes one of the bathrooms fully renovated. New kitchen including rangehood, cooktop and oven. New extensive decking for the BBQ area that includes power and lighting. Motel laundry renovation.
*The front two bedrooms have ensuites and are a king and queen studios with their own separate access.
Vendor Finance would be considered for approved purchasers.
Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.
We would welcome your enquiry on the Land, Buildings and Business of this Motel for sale in Dunedin via our website or by phoning DEREK JOHNSON on ---------- , DDI ---------- or ---------- .
Business Summary
Key Investment Insights
1. Rare opportunity to purchase both the land and buildings and business of a motel in Dunedin.
2. Located in a desirable suburban area close to popular beaches and the Otago Peninsula.
3. Extensively renovated with modern amenities and an EV charging station.
4. Strong occupancy rate of 99% due to a long-term government contract for transitional housing.
5. Owner's residence is a spacious villa with recent renovations and upgrades.
6. Vendor finance available for approved purchasers.
7. Confidential details can be disclosed upon completion of a confidentiality agreement.
8. Information memorandum available on the website.
9. Experienced and knowledgeable agent available for inquiries.
10. Motel is ready for new owners to take over and continue its success.
