Just a Short Stroll into Dunedin - 18 Unit Motel

Dunedin City
Reference: OS628
Motel / Motor Lodge
Business Lease $1,350,000

Not too many motels in Dunedin are in such a prime position and this is the reason for its strong success.

- Enviable position in George Street surrounded by shops and cafes.
- Walking distance to CBD and close proximity to the university & hospital.
- Very tidy motel and always well presented.
- 26 years of lease to run. Showing good profits and increased growth.
- Externally, extensive renovations took place in 2023, a stunning enhancement.
- 18 units in total, 8 studio's, 8 one-bedroom units and 2 two-bedroom units.

Dunedin motels are deemed to be very good businesses, Dunedin enjoys enviable occupancy levels and has done for some time as the accommodation industry is kept busy with the university, hospital, a very pro-active regional tourism office and a city that can host many large events and conferences.

Owners' residence has three bedrooms upstairs and enjoys two bathrooms. The main lounge, dining and kitchen area encompass an entire floor. Conveniently attached is the reception off the owner's residence but also has its own independent entry to the side of reception.

Dunedin is a city of over 135,000 people with a rich cultural history set in an area of natural beauty and amazing wildlife. some of the best preserved Victorian and Edwardian architecture in the southern hemisphere. Forsyth Barr stadium is within walking distance. Dunedin is on the east coast of New Zealand's South Island and is the second largest city in the South Island.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.

We would welcome your enquiry on the Business Lease of this Motel for sale in Dunedin via our website or by phoning DEREK JOHNSON on 0800 263339, DDI 03 927 4277 or 027 240 1285.

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Derek Johnson

Derek joined Coffeys in April 2021. He decided to step up to the plate and help other moteliers & accommodation business operators buy or sell their properties after the challenging year of COVID 19.

Derek brings with him over 18 years’ experience in the hospitality and tourism industry. Managing and owning businesses has been particularly important to him. He owned and operated a large rural hotel for 10 years prior to leasing a successful & highly profitable 19 unit motel in Wanaka (pre-Covid) with his wife Crystal. They have done extensive work on upgrading & modernising the interiors. Also, a lot of effort has gone into landscaping & improving/upgrading outdoor facilities such as the playground. He is very fond of his roses found throughout the property.

His role as the local publican gave him a variety of experiences with the public and within the community, such as sponsorship for all the main local sports teams. Derek loves to chat to people.

SO YES. Derek knows how to market your property and importantly, he also understands how you run your business. Let him help you get the result that you want. Derek says he chose to come to Coffeys as he believes in the brand and their ethics.

Travelling regularly from Wanaka to Dunedin to see his daughter, filling his time in there with projects around the holiday home – although he is not too sure when the ‘holiday’ part starts. His interests are hiking and sports – any kind! Rugby and cricket (which he loved to play), being his favourites. Family time is most important to him.