Motel for Sale Dunedin
Motel business (leasehold interest) for sale which is highly profitable with a 21% return.
Motel for Sale Dunedin
Brilliant motel business buying opportunity with 31 years left to run on the current 35 year lease with 2 yearly rent reviews - A motel to put at the top of your list to investigate located in Dunedin.
This has to be one of the best Leasehold accommodation businesses for sale in New Zealand which ticks all the boxes! Highly profitable with a 21% return, a great yield, managed by experienced motel operators, a fully systemised business, low maintenance and well maintained buildings & infrastructure.
Located at the gateway to the Otago Peninsula, the motel is only a 3 minute drive from the Octagon and the beaches of the Otago Peninsula are almost on your doorstep.
The motel complex with 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 The strong branding ensures continued support in Revenue Management, Sales & Marketing, Interior Design, Preferred Supplier Agreements and Preferred Provider Agreements. The motel is also a 4.5 Star Qualmark and Enviro Sliver rated and it has been the recipient of several awards in the past few years, including ‘Best 4.5 Star Plus property’ and the Motel has been the recipient of the TripAdvisor certificate of Excellence for 2014, 2015 &2016.
The Motel 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. The Lease has 31 years left to run on the current 35 year lease with 2 yearly rent reviews.
This is an excellent opportunity for an astute purchaser to buy such an established business that ticks all the boxes. It is on the market for the first time in nearly 9 years and it is a real credit to the current owners as it is not very often that such an outstanding motel business becomes available.
Interested parties please contact me now for comprehensive property listing details.
- Adrian Chisholm
|021 727 888|Phone Adrian Chisholm
REAA 2008Broker Ref: THL-49862