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 direct to DEREK JOHNSON: P: ---------- M: ---------- E: ---------- .
Business Summary
Key Investment Insights
1. 16-unit motel with a mix of generously sized studios through to two-bedroom apartments, offering product variety to capture different guest segments.
2. Courtyard layout designed to trap sunlight, enhancing guest appeal and natural amenity.
3. Top-of-the-line roof ventilation installed in most units, indicating upgraded building services and guest comfort.
4. Rare on-site owner’s residence, a 3–4 bedroom home with open-plan living and a private secure sunny courtyard, suitable for owner-operators or on-site managers.
5. Proven fully managed operation for several years, attractive to passive investors seeking ongoing management continuity.
6. Freehold going concern option available, enabling buyers to acquire both business and land/buildings if desired.
7. Prime central Dunedin location, within walking distance of Tūhura Otago Museum, Dunedin Botanic Garden and Woodhaugh Gardens, supporting leisure demand.
8. Close proximity to Dunedin Hospital, Otago University, eateries and boutique retail, supporting diverse demand sources including medical, education and leisure markets.
9. Primary school directly across the road, enhancing appeal to couples and families considering relocation or owner-operator purchase.
10. Some listing details are confidential and available under a confidentiality agreement, signalling potential sensitive value or tenant information and a formal sale process.
