Ad ID: 58463

Motel & Conference Centre for Sale Dunedin

A large Motel and Conference Centre complex in Dunedin with a 21% return! This has to be one of the best Leasehold accommodation businesses for sale in New Zealand which ticks all the boxes

Business Description

Motel & Conference Centre for Sale Dunedin

Highly profitable, great yield, managed by experienced motel operators, a fully systemised business, low maintenance and well maintained buildings & infrastructure. 

The motel complex has 26 motel rooms has been fully refurbished and there is not a cent to spend by the new operators. Features include sound proofing, double glazing to all rooms, the latest rooms also feature hush glass, high pressure showers, gas hot water systems, onsite commercial laundry and 13 x security cameras.

The motel comprises of:

- Nineteen x Studios 
- Seven x 1 Bedroom units   

The Conference Centre opened in August 2011 and it located in a fully self-contained building with a semi commercial kitchen. Ideal for conferences, training programmes, seminars, product display launches, board meetings, sales promotions, staff interviews or meetings which can facilitate the following configurations:

- U-Shape at Tables & Chairs for 24 guests
- Theatre Style for 40 guests
- Board Room Style for 30 guests
- Classroom Style for 30 guests
- Cocktail Style for 50 guests

Business Resources

The Lease has 31 years left to run on the current 35 year lease with 2 yearly rent reviews.

The Owners Accommodation is absolutely fantastic with 3 double bedrooms, spacious lounge and living with outdoor courtyard / BBQ area, the master bedroom features an ensuite, one bathroom and two toilets plus double internal access garaging. The office is accessed off the main living / dining area.

We welcome your enquiry, please contact the specialist Motel Business Broker, Adrian Chisholm, AREINZ.

Contact:

 

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