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George Street Motel Apartments

$1,100,000 + GST (if any)

Freehold Investment Otago

ID: 1825

Vendor will meet the market

Property Name:
George Street Motel Apartments
Address:
575 George Street, Dunedin
Property Type:
Motels
Sale Type:
Freehold Investment
Price:
$1,100,000 + GST (if any) 
Region:
Otago
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Peter Smithies

Peter Smithies

Broker | Balclutha, Dunedin, Invercargill, Oamaru, Timaru

M: 022 391 9593

peter[dot]smithies[at]bayleys[dot]co[dot]nz

Reasons to buy

  • Central location, easy walk to CBD
  • Easy access to restaurants, University
  • Modern complex
  • 30 year lease
  • 80% occupancy post lockdown

 

 

Peter Smithies

Broker | Balclutha, Dunedin, Invercargill, Oamaru, Timaru

Contact Agent

Peter Smithies

Mob: 022 391 9593

Email: peter[dot]smithies[at]bayleys[dot]co[dot]nz

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If you are looking for a central Dunedin motel complex, this could be the one.

The George Street Motel Apartments is a modern 16 unit complex within easy access to all the facilities of this University town.

The motel offers a selection of affordable, modern 1-4 bedroom units, all double glazed, centrally heated and north facing, that will suit all guests.

This business has good returns and is achieving 80% (June-July) occupancy after lockdown with corporate, family, sports and local tourism guests.

The business has a 30 year lease in place.

The present owner has operated the business for 5 years and is keen to meet the market.

Asking price $1,100,000 and negotiable.

 

Property details available on request.

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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Print + Watchlist View Similar Listings
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Peter Smithies

Peter Smithies

Broker | Balclutha, Dunedin, Invercargill, Oamaru, Timaru

M: 022 391 9593

peter[dot]smithies[at]bayleys[dot]co[dot]nz

Confidentiality

To access information about this listing please follow the link below and complete the Confidentiality Agreement Form.

Confidentiality Agreement Form

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