DUNEDIN: Rare Freehold Motel In This Favoured Location. FHGC $1,200,000

This new listing comes to the market with good trading figures for this price range and offers a great opportunity to expand in future. Good freehold going concerns are always very hard to find in this favoured southern location – the astute buyer will definitely find interest here.

The motel is located very central to Dunedin’s tourist attractions and its retail and commercial hubs.  Both the university and hospital are also within easy walking distance and each in their own right attract many visitors to Dunedin who stay in the city’s centrally located motels.

The complex is presented in extremely good condition throughout and provides a good and homely standard of accommodation to many repeat guests of all ages. The exterior of the building has been fully repainted in recent times. A good three bedroom owners apartment provides very comfortable living. This is a popular, nicely presented and easily found motel which comes with a full floor of additional floor space let to a reliable, long term tenant. Future expansion options do not interfere with the lettable floor area.

Dunedin is a city proactive in organising events and enjoys a strong market presence. Both the university and hospital create very good, ongoing income streams for the local motels and the city’s ability to handle large sporting events along with its new world class stadium have also advantaged its accommodation providers.

Dunedin has flourishing niche industries including engineering, software engineering, bio-technology and fashion. Port Chalmers on the Otago Harbour provides the city with deep-water facilities.  The city enjoys gems of Victorian and Edwardian architecture – the legacy of the city's gold-rush affluence.  Prominent buildings include Lanarch Castle, Olveston House and the Dunedin Railway Station, all very popular with visitors. Dunedin is also a centre for ecotourism. The world's only mainland Royal Albatross colony and several penguin and seal colonies lie within the city boundaries on the Otago Peninsula, and to the south on the western side of Lake Waihola, are the Sinclair Wetlands.

If you are looking for a well priced freehold going concern motel in this range, don’t delay as this property comes with very attractive and easy options beyond its current good performance and won’t disappoint the astute purchaser.

We would welcome your enquiry on this motel for sale in Dunedin via this website or by phoning ALAN IRONSIDE on 0800 263339, DDI 03 550 0465 or 027 522 1689.