Dunedin 21 Stylish Quiet Units - 2016 Full Reno

Dunedin City
Reference: OS620
Motel / Motor Lodge
Business Lease $1,295,000

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 & 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.

21 units that are modern & very stylish as they were opened following a major refurbishment in 2016. 28 year lease so a long-term approach can be taken to ownership.

A good mix of units with studios, one and two-bedroom units. Solid support from the corporate market and closest motel to the university sees occupancy rates high.

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.

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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.