Dunedin Central, South Island

New Price: Large Motel - $400K+ 4yr Avg Net Profit

Business Lease Now $1,590,000 Was $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 four financial years – normalised net surplus average $411,469.

Price reduced: Owner is looking to retire and enjoy the future closer to family in Christchurch. 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. June 2026 fully painted and new carpet throughout.

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 via this website or direct to DEREK JOHNSON ---------- .

Business Summary

Marketing Agent

Derek Johnson

Coffeys

Key Investment Insights

AI generated. Confirm details with the seller.

1. Four year average normalised net surplus of $411,469, with the asking price recently reduced for the retiring owner.
2. Modern 25 unit motel comprising studios, one bedroom units and two bedroom apartments, including accommodation for groups of up to four.
3. High profile Central Dunedin location on Great King Street, State Highway 1, with Booking.com location score of 9.2.
4. Owner accommodation provides a modern three bedroom residence with ensuite, walk in robe, private courtyard and entryway views.
5. In house conference facility accommodates up to 20 classroom style or 30 theatre style attendees, with dedicated toilet and kitchen.
6. Recent capital improvements include a commercial washing machine, exterior repainting in summer 2025, and new carpet and painting scheduled for June 2026.
7. Booking.com highlights a strong base of repeat guests, supporting the motel’s established customer appeal.
8. Reception and conference facilities are conveniently accessed from the owner’s residence, supporting practical onsite management.