Dunedin Central, South Island
Land & Buildings - 16 Units - George St Dunedin
Land and Buildings $2,900,000
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.
Potentially you may wish to consider the purchase of the Freehold Going Concern available in conjunction with the listing for the lease. Available exclusively with Coffeys.
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.
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.
Please be aware that some of this information may have been sourced from RPNZ / Property Guru / Land Information New Zealand and we have not been able to verify the accuracy of same.
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 Land and Buildings of this Motel for sale in Dunedin via our website or direct to DEREK JOHNSON: P: ---------- M: ---------- E: ---------- .
Business Summary
Key Investment Insights
1. 16-unit motel on Dunedin's well‑known George Street, offering clear scale and visibility.
2. Unit mix includes studios up to two‑bedroom apartments, appealing to a broad guest demographic.
3. Courtyard layout designed to trap sun, enhancing natural light and guest amenity.
4. Top‑of‑the‑line roof ventilation installed in most units, indicating upgraded mechanicals and guest comfort.
5. Freehold Going Concern potentially available for purchase in conjunction with the lease, enabling property and business acquisition.
6. Owner's residence is a rare three to four bedroom home with open plan kitchen and living/dining, plus a private secure sunny courtyard, adding owner accommodation or ancillary value.
7. Prime location within walking distance of Tūhura Otago Museum, Dunedin Botanic Garden and Woodhaugh Gardens, supporting leisure tourism demand.
8. Proximity to hospital, Otago University, eateries and local boutiques, broadening market segments including students, staff, patients and visitors.
9. Exclusive listing handled by Coffeys, indicating sole agency representation.
10. Some listing information sourced from RPNZ, Property Guru and LINZ and has not been independently verified, signalling need for purchaser due diligence.
11. Certain details are confidential and released only after signing a confidentiality agreement via the Information Memorandum, limiting initial disclosure.
