Dunedin Central, South Island
High Profile - 25 Units - Dunedin - $400K + NP
Business Lease $1,650,000
Business Description
We are pleased to offer this modern, very attractive 25-unit motel of 18 studios, 5 one-bedroom, 4 can sleep up to 4 people and 2 two-bedroom apartments in the high-profile Central Dunedin location of Great King Street (State Highway 1 heading north).
Last three financial years - normalised net surplus average $424,000.
This is a large complex and brings with it the horsepower to return very high earnings. Complexes of this size and location are seldom available, and to find such a modern example is even more rare. Act now, this won't disappoint.
The owner's accommodation consists of a modern three-bedroom residence (master with en-suite and walk in robe) and has an outside private courtyard to enjoy the afternoon sun.
The reception and conference room are easily accessed from the owner's residence which also has unobstructed views of the entryway into the property. This is a superbly designed motel for both guests and owners alike.
Bonus of an in-house specialised conference facility that can seat up to 20 people classroom style, or up to 30 people theatre-style, complete with its own toilet and kitchen.
A recent investment of $20,000+ for commercial washing machine and freshly painted exterior in the summer of 2025.
Booking.com listed the property's review highlights as "Loyal Customers - There are more repeat guests here than most other properties." And "Located in the top-rated area in Dunedin, this property has an excellent location score of 9.2!"
An Information Memorandum is available to download from our website coffeys.co.nz.
Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.
We would welcome your enquiry on the Business Lease of this Motel for sale in Dunedin via this website or direct to DEREK JOHNSON.
Business Summary
Key Investment Insights
1. 25-unit motel in central Dunedin on Great King Street, a high-profile location on State Highway 1 heading north.
2. Unit mix includes studios, one-bedroom units and two-bedroom apartments, with some units able to sleep up to four people.
3. Last three financial years produced a normalised net surplus averaging $424,000.
4. Asking structure indicated as $400K plus net profit, signalling a low capital entry relative to earnings.
5. Modern on-site owner accommodation, three bedrooms with ensuite and walk-in robe, private courtyard and unobstructed views of the property entry.
6. Reception and conference room are directly accessible from the owner residence, supporting owner-managed operations.
7. In-house specialised conference facility seats up to 20 classroom-style or 30 theatre-style, with its own toilet and kitchen, enabling corporate and event revenue.
8. Booking.com data highlights strong repeat business and an excellent location score of 9.2, indicating high guest satisfaction and loyalty.
9. Recent capital improvements include a $20,000+ commercial washing machine and a freshly painted exterior in summer 2025.
10. Large, modern complex in a seldom-available category, described as having the scale to deliver high earnings.
11. Information Memorandum available, with some details confidential and released only after a signed confidentiality agreement.
12. Sale enquiries handled through the listing agent, Derek Johnson, and available for business lease.
