Central Premium 27 Unit Motel - Vendor Finance

Dunedin City
Reference: OS559
Motel / Motor Lodge
Business Lease $2,295,000

Rare to the Dunedin market, is such a centrally located motel of such quality for sale. Showing great profitability and still growing.

To an approved purchaser a limited amount of vendor finance could be available.

Fantastic Dunedin inner-city located motel, a total of 27 stylish units. All units have been built to the highest standard of accommodation including top quality furniture, chattels and fittings throughout. All units are double glazed and exceptionally well insulated for comfort and noise control.

Being just a 5-minute walk to the centre of Dunedin - The Octagon, yet a quiet and private location. This means guests are right in the middle of the action, walking distance to bars, movie theatres, art galleries, churches, cafes, restaurants and of course shopping.

With several different room types to suit the different needs of any travellers heading to Dunedin, be it for a corporate traveller, family get togethers, or to have a holiday to beautiful Dunedin City.

The well-designed 3 bedroom 2 bathroom owner's residence complements the stylish motel units nicely. The spacious reception (with separate rear office) is accessed directly from the residence.

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.

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Derek Johnson

Derek joined Coffeys in April 2021. He decided to step up to the plate and help other moteliers & accommodation business operators buy or sell their properties after the challenging year of COVID 19.

Derek brings with him over 18 years’ experience in the hospitality and tourism industry. Managing and owning businesses has been particularly important to him. He owned and operated a large rural hotel for 10 years prior to leasing a successful & highly profitable 19 unit motel in Wanaka (pre-Covid) with his wife Crystal. They have done extensive work on upgrading & modernising the interiors. Also, a lot of effort has gone into landscaping & improving/upgrading outdoor facilities such as the playground. He is very fond of his roses found throughout the property.

His role as the local publican gave him a variety of experiences with the public and within the community, such as sponsorship for all the main local sports teams. Derek loves to chat to people.

SO YES. Derek knows how to market your property and importantly, he also understands how you run your business. Let him help you get the result that you want. Derek says he chose to come to Coffeys as he believes in the brand and their ethics.

Travelling regularly from Wanaka to Dunedin to see his daughter, filling his time in there with projects around the holiday home – although he is not too sure when the ‘holiday’ part starts. His interests are hiking and sports – any kind! Rugby and cricket (which he loved to play), being his favourites. Family time is most important to him.