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