Dunedin Central, South Island

Dunedin 21 Stylish Quiet Units - 2016 Full Reno

Business Lease $1,295,000

Business Description

Location is important in the motel industry and this motel lies between two of Dunedin's busiest streets, George Street and Great King Street. Ideally located just a few blocks from Dunedin City Centre & adjacent to the University of Otago. Dunedin Public Hospital, Otago Museum and Otago Polytechnic are all within a few minutes' walk. As is the CBD for inner-city dining, shopping and business meetings. You can wander in another direction to explore the beautiful Botanic Gardens, and Forsyth Barr Stadium is a leisurely 12-15 minutes' walk.

21 units that are modern & very stylish as they were opened following a major refurbishment in 2016. 28 year lease so a long-term approach can be taken to ownership.

A good mix of units with studios, one and two-bedroom units. Solid support from the corporate market and closest motel to the university sees occupancy rates high.

Owners' residence was refurbished in 2016, with 3-4 bedrooms it is conveniently attached to the reception. Private courtyard direct from the lounge gives you a lovely place to relax or with friends. Plenty of carparks are available for motel guests and the fantastic convenience of a cafe just off the carpark for your guests and yourself of course.

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 Business Lease of this Motel for sale in Dunedin via our website or by phoning DEREK JOHNSON on ---------- , DDI ---------- or ---------- .

Business Summary

Key Investment Insights

1. Prime location in Dunedin between two busy streets, close to major attractions and amenities such as the city centre, university, hospital, and museum.
2. Recently renovated in 2016 with modern and stylish units.
3. Long-term lease of 28 years allows for a stable and strategic approach to ownership.
4. Good mix of units including studios, one and two-bedroom units.
5. Strong support from the corporate market and high occupancy rates due to proximity to the university.
6. Refurbished owners' residence with 3-4 bedrooms and a private courtyard for relaxation.
7. Plenty of car parking available for guests and a convenient on-site cafe.
8. Confidential details available upon signing a confidentiality agreement and accessing the Information Memorandum.
9. Enquiries can be made through the website or by contacting Derek Johnson on the provided phone numbers.
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