George Street Motel Apartments are located in the very heart of Dunedin’s CBD, the best location for convenience, a perfect position just one block from the main Retail/Restaurant area and only minutes to the university. Offering a selection of affordable, high quality, serviced 1-4 bedroom accommodation options, these spacious, well appointed, sunny Motel Apartments are very popular with couples, families, individuals, team groups and corporate travellers, and post-covid, the motel continues to achieve 80% occupancy (in June & July 2020).

The present owner has operated this business for 5 years and is keen to meet the market!

KEY FEATURES

• Superb central location in Dunedin’s CBD!
• Easy access to university, town, and food and retail stores
• Only 30 minutes from the airport
• 16 apartments, over two floors, plus one Premium Terrace 4bdm suite
• Great north-facing complex, with high sun hours
• Double-glazed windows
• Plus central heating to every suite
• Plenty of off-street parking available for guests, with surveillance
• Long lease on offer of 30 years
• Post-covid achieving 80% occupancy 

Located in the first block north of the retail/restaurant area, this is one of the most centrally located Dunedin motels, offering an absolutely superb highly visible main street position. One of the closest motels to the Octagon (which is just a 5-minute walk away) and well established in historic George Street, the motel offers views out towards the hills of North Dunedin.

Dunedin Features & Approximate Travel Times:

• Dunedin International Airport – 31 min drive
• Dunedin Railway Station – 26 min walk
• Forsyth Barr Stadium – 20 min walk
• The Octagon – 14 min walk
• St. Paul’s Cathedral – 14 min walk
• Dunedin Town Hall – 13 min walk
• Olveston – 10 min walk
• University of Otago – 6 min walk
• Otago Museum – 4 min walk

The Motel Complex consist of:

• Ground floor reception & office to run this easy business from
• 16 motel units offering various configurations
• The guest laundry features 2 washers and 2 driers
• Plus ample onsite car parking for guests
• A two-bedroom owner/manager apartment is available onsite beside the office, which is made up of two one-bedroom apartments with an interconnecting door.

Lease: The Current lease runs through for a further 30 years 

This is an amazing opportunity in the heart of Dunedin’s CBD. If you are keen to be your own boss and run your own accommodation business, in a motel that is a notch above the rest, then contact me today. Our vendor is looking for offers to move on to another venture after successfully managing this business for the past five years, and pre-covid, achieving an impressive cash surplus. Now is your chance to get in to the motel business, in a city that is vibrant and a key destination due to the business and university sectors in Dunedin. Call me now for more details.

For more information or to arrange your viewing, please contact specialist Accommodation Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email Adrian@tourismproperties.com.

https://www.tourismproperties.co.nz/for-sale/motels-for-sale/george-street-motel-apartments-business-for-sale-in-dunedin/