Looking for an investment opportunity or a quality motel with modern and sleek rooms? Mid 2024 Qualmark raised their rating of 538 Great King Street to 4.5 Silver up from 4.0 Silver. All interior painting completed in the last two years.
21 units that are modern and very stylish as they were opened following a major refurbishment in 2016. 27-year lease so a long-term approach can be taken to ownership.
A good mixture of units to satisfy all of the market's requirements with studios, one and two-bedroom units. Solid support from the corporate market and closest motel to the university sees occupancy rates high.
Location is important in the motel industry and this motel lies between two of Dunedin's busiest streets, George Street and Great King Street. Ideally located just a few blocks from Dunedin City Centre and adjacent to the University of Otago. Dunedin Public Hospital, Otago Museum and Otago Polytechnic are all within a few minutes' walk. As is the CBD for inner-city dining, shopping and business meetings. You can wander in another direction to explore the beautiful Botanic Gardens, and Forsyth Barr Stadium is a leisurely 12-15 minutes' walk.
Owners' residence was refurbished in 2016, with 3-4 bedrooms it is conveniently attached to the reception. Private courtyard direct from the lounge gives you a lovely place to relax or with friends. Plenty of carparks are available for motel guests and the fantastic convenience of a cafe just off the carpark for your guests and yourself of course.
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.
