Dunedin Central, South Island
George St Dunedin 16 Unit Motel plus 3-4 Bed Home
Business Lease $650,000
Business Description
Dunedin's well-known George Street. This well located 16-unit motel consists of a good mixture of different generously sized units, from studios to 2-bedroom apartments to suit a large variety of guests.
Top of the line roof ventilation is installed in most of the units that are conveniently formed in a courtyard shape to trap the sun.
The owner's residence is a rare 3-4-bedroom home with an open plan kitchen and living/dining room. With a private secure and sunny courtyard, the home is perfect for entertaining yourself or family and friends that visit.
Being only a walk away from Tūhura Otago Museum and the Dunedin Botanic Garden as well as the Woodhaugh Gardens, also close also to the hospital, Otago University, eateries and local boutiques. Its location is fantastic, and a feature often commented on by guests.
This motel has it all and would suit couples or families alike to be the new owners, especially those with young children as there is a primary school across the road.
As an investment option the motel business is currently, and has been for some years, fully managed.
Potentially you may wish to consider the purchase of the Freehold Going Concern available in conjunction with the listing for the land and buildings.
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 direct to DEREK JOHNSON: P: ---------- M: ---------- E: ---------- .
Business Summary
Key Investment Insights
1. Prime location on George Street in Dunedin
2. 16-unit motel with a variety of unit sizes to accommodate different guests
3. Top of the line roof ventilation installed in most units
4. Courtyard layout to capture sun
5. Rare 3-4 bedroom owner's residence with private courtyard
6. Close proximity to popular attractions such as Tūhura Otago Museum and Dunedin Botanic Garden
7. Walking distance to hospital, university, eateries, and local boutiques
8. Potential for new owners to be couples or families, especially those with young children
9. Fully managed business, making it an attractive investment option
10. Option to purchase Freehold Going Concern in addition to the business lease
11. Confidential details available upon completion of a confidentiality agreement
12. Information Memorandum available on website
13. Business listed for sale by Derek Johnson, contact information provided.
