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 freehold motel on George Street, Dunedin, offering a mix of studios to two-bedroom apartments to cater to diverse guest types.
2. Option to purchase Freehold Going Concern available in conjunction with the lease listing, creating potential for an integrated property and business acquisition.
3. Units arranged in a courtyard configuration designed to trap sunlight, enhancing amenity and guest appeal.
4. Most units fitted with top‑of‑the‑line roof ventilation, indicating upgraded guest comfort and potentially lower refurbishment needs.
5. Owner’s residence is a rare 3–4 bedroom home with open plan kitchen and living/dining, providing on-site management accommodation or owner living opportunity.
6. Owner’s residence includes a private, secure and sunny courtyard, offering privacy and lifestyle benefit for on-site owners or managers.
7. Prime central location within walking distance of Tūhura Otago Museum and Dunedin Botanic Garden, supporting leisure market demand.
8. Close proximity to Woodhaugh Gardens, hospital, Otago University, eateries and local boutiques, supporting multiple demand streams including tourism, medical and education sectors.
9. Listing is exclusive to Coffeys, indicating a single agent sale process and potentially streamlined negotiations.
10. Certain listing details are confidential and require a completed confidentiality agreement to access the full Information Memorandum.
11. Some information sourced from third parties such as RPNZ, Property Guru and Land Information New Zealand, and has not been independently verified by the seller or agent.
