Dunedin Central, South Island
High Profile - 25 Unit Motel - $400K+ 4yr Avg. 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 four financial years – normalised net surplus average $411,469.
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 via this website or direct to DEREK JOHNSON.
Business Summary
Key Investment Insights
1. Normalised net surplus average $411,469 over the last four financial years, indicating strong and consistent profitability.
2. Large 25-unit inventory consisting of 18 studios, 5 one-bedroom units, 4 units that can sleep up to 4 people, and 2 two-bedroom apartments, providing a diversified accommodation mix.
3. High-profile Central Dunedin location on Great King Street, positioned on State Highway 1 heading north, supporting strong visibility and drive-by demand.
4. Excellent online reputation and location metrics, Booking.com review highlights note high repeat guest levels and an excellent location score of 9.2.
5. Substantial earning potential emphasised by seller commentary that complexes of this size and modern quality are rare, implying upside and scarcity value.
6. Owner’s on-site three-bedroom residence with master en-suite, walk-in robe and private courtyard, facilitating live-in management and owner convenience.
7. Reception and conference room easily accessed from the owner’s residence, with unobstructed views of the property entry, aiding operational oversight and guest service.
8. On-site specialised conference facility seating up to 20 classroom-style or 30 theatre-style, with dedicated toilet and kitchen, enabling corporate and event revenue.
9. Recent capital expenditure including $20,000+ commercial washing machine and exterior repaint in summer 2025, reducing immediate refurbishment needs.
10. Sale process managed via an Information Memorandum with confidentiality requirements, indicating available detailed financials and formal sale procedures, contact via Derek Johnson.
