Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Business For Sale. Key Dunedin Location, Excellent Motel

LISTING DETAILS
Firms For Sale ID:
31813
Vendor reference:
15636
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$850,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Superb larger (20-unit) motel with excellent mix of unit types in Dunedinâ??s motel â??golden mileâ?ť. Our Clients have recently completed a refurbishment of this well-located motel and it is presented in sparkling condition, making a particularly attractive opportunity for a purchaser. The location, combined with membership of a national referral group, attract guests on a year-round basis.

A 3-bedroom on-site comfortable and spacious managerâ??s residence, with private courtyard to the rear, completes the picture. There is a long secure lease in place providing peace of mind for a purchaser.

This prime motel location is close to Dunedinâ??s central city, the University of Otago, Dunedin Hospital, etc., and handy to Otago Peninsula for tourists. Dunedin is a city where the University and business combine to provide motels in prime locations with year-round custom. Regular graduation ceremonies, sports events, and families and friends visiting students and the city, combined with the restricted ability to readily build more motel/hotel complexes close to the CBD, provide strong motel occupancy levels exceeding many other cities in New Zealand.

Here is a rare opportunity to purchase a larger motel in a key location with a long lease in place, with the benefits of recent refurbishment. Secure your future - contact the Sole Agent today.