Dunedin Central, South Island
Dunedin George St 16 Unit Motel and 3-4 Bed Home
Business Lease $595,000
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.
Only a small walk away is Otago University also the motel is close to Dunedin hospital and the new hospital under construction. Tūhura Otago Museum and the Dunedin Botanic Garden, Woodhaugh Gardens, eateries and local boutiques are close bye. 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 direct to DEREK JOHNSON: P: ---------- M: ---------- E: ---------- .
Business Summary
Key Investment Insights
1. 16-unit motel offering a diverse mix of accommodation from studios to two-bedroom apartments, appealing to a wide guest demographic.
2. Generously sized units, increasing appeal for longer stays and families.
3. Most units fitted with top-of-the-line roof ventilation, enhancing guest comfort.
4. Courtyard layout designed to trap sunlight, improving unit amenity and outdoor appeal.
5. Owner’s residence is a rare three to four bedroom home with open-plan kitchen and living/dining, plus a private secure sunny courtyard, suitable for owner-operators or live‑in managers.
6. Prime central location on George Street, frequently praised by guests.
7. Close proximity to Otago University, increasing demand from visiting academics, students’ families and university guests.
8. Near Dunedin Hospital and a new hospital under construction, offering steady demand from health visitors and staff.
9. Short walk to cultural and recreational attractions including Tūhura Otago Museum, Dunedin Botanic Garden and Woodhaugh Gardens, plus nearby eateries and boutiques.
10. Primary school directly across the road, enhancing appeal for family owners or long‑stay family bookings.
11. Business has been fully managed for several years, presenting a turnkey investment with existing management systems.
12. Freehold Going Concern option available to purchase land and buildings, enabling owner-occupier or property investment strategies; confidential information released under a confidentiality agreement.
