Dunedin Central, South Island

Just a Short Stroll into Dunedin - 18 Unit Motel

Business Lease $1,350,000

Business Description

Not too many motels in Dunedin are in such a prime position and this is the reason for its strong success.

- Enviable position in George Street surrounded by shops and cafes.
- Walking distance to CBD and close proximity to the university & hospital.
- Very tidy motel and always well presented.
- 26 years of lease to run. Showing good profits and increased growth.
- Externally, extensive renovations took place in 2023, a stunning enhancement.
- 18 units in total, 8 studio's, 8 one-bedroom units and 2 two-bedroom units.

Dunedin motels are deemed to be very good businesses, Dunedin enjoys enviable occupancy levels and has done for some time as the accommodation industry is kept busy with the university, hospital, a very pro-active regional tourism office and a city that can host many large events and conferences.

Owners' residence has three bedrooms upstairs and enjoys two bathrooms. The main lounge, dining and kitchen area encompass an entire floor. Conveniently attached is the reception off the owner's residence but also has its own independent entry to the side of reception.

Dunedin is a city of over 135,000 people with a rich cultural history set in an area of natural beauty and amazing wildlife. some of the best preserved Victorian and Edwardian architecture in the southern hemisphere. Forsyth Barr stadium is within walking distance. Dunedin is on the east coast of New Zealand's South Island and is the second largest city in the South Island.

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, surrounded by shops and cafes, within walking distance to CBD and close to university and hospital.
2. Well-maintained and tidy motel with 18 units, including a mix of studio, one-bedroom, and two-bedroom units.
3. 26 years left on lease, showing good profits and potential for growth.
4. Extensive renovations completed in 2023, enhancing the property's appearance.
5. Attached owner's residence with three bedrooms, two bathrooms, and separate entry to reception.
6. Dunedin is a popular destination with high occupancy levels due to the university, hospital, tourism, and events.
7. City boasts rich cultural history, natural beauty, and amazing wildlife, with some of the best preserved Victorian and Edwardian architecture in the southern hemisphere.
8. Forsyth Barr stadium within walking distance, adding to the city's appeal.
9. Confidential details available upon completion of a confidentiality agreement and information memorandum.
10. Enquiries can be made through the website or by contacting Derek Johnson via phone or email.
Listing location

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Motels For Sale

You may also like

Hard Works Done, Enjoy the Rewards!!
Coffeys
Hard Works Done, Enjoy the Rewards!!

PICTON

Business Lease $1,250,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

Seaside Oasis - Rapahoe Beach Motels
Tourism Properties
Seaside Oasis - Rapahoe Beach Motels

RAPAHOE

$1,350,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

Top of the Line - Top Location
Coffeys
Top of the Line - Top Location

PICTON

Business Lease $1,450,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

Donaldo’s Café & Beach Bar, Carters Beach, Westport, For Sale
Tourism Properties
Donaldo’s Café & Beach Bar, Carters Bea...

WESTPORT

$1,390,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Acacia Terraces - 1P6057
Strategic Location Christchurch Central
An Excellent Freehold Going Concern Motel - 1450MF
Another $70,000 Price Reduction - ID 9134
near Bribie  Island
BRAND NEW HIGH QUALITY MIXED USE MANAGEMENT RIGHTS OVERLOOKING KIRRA BEACH | Resort Brokers ID : MRB008362
High profit management rights- Short Term Accom in Fortitude Valley -  $521K net | Resort Brokers ID : MR008356
Acquire a premier Main Beach OTP | Resort Brokers ID : OTP008349
Seeking a dedicated and proactive Building Manager (contractor)
Enviable Lifestyle with a Reliable Cashflow
Freehold Business in Lambton for $3.25M, Developers Dream - 125HF
Large & Profitable in Napier
Lake Boga Pub - 1P6058
Exceptional FHGC Caravan Park for Sale in Historic Charters Towers - 1056CPF
EASY Business and LARGE Remuneration with 3% annual increase!
Byron Bay Boutique Beachside Lifestyle Business | Resort Brokers ID : MR008358
TWO SIDE-BY-SIDE PERMANENTS NETTING $583K FOR 4.8X MULTIPLIER | Resort Brokers ID : MR008354
OFF THE PLAN PERMANENT MANAGEMENT RIGHTS | LITTLE EAGLE NUDGEE BY PEET