Motel business for sale. Allan Court Motel is well located on the high profile corner of George Street and Union Street West.
The current occupancy rate is 90%* and is extremely popular with corporates and tourists with very high repeat clientele.
This appealing complex is kept to a high standard by the current owner. Rooms have been constantly refurbished. New beds were installed throughout in 2023. The motel consists of 18 superior suites plus owners accommodation of an open plan 2 bedroom apartment. All rooms are double glassed, well insulated and have flat screen TV's, DVD players, free wifi.
Advantaged by having large and fully fenced grounds, providing safe onsite car parking. Ideal location between the Central City and Otago University so is only a short walk to the City's Octagon, retail shops, hospitality and the University of Otago.
The complex's exterior is to be repainted for a new Lessee.
Excellent business with long lease, now available for sale.
(* approx.)
Call sole agent Don Hunter on 027 434 5201 for further information.
Sale: $1,150,000 + GST (if any) + SAV
