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.