Outstanding Motel, Outstanding Price, Outstanding Dunedin Location For Sale

LINK# 11063

Ad ID# 2167

Location: Otago
Category: Accommodation and Motels

Financials

Asking Price:

$490,000

Business for Sale Summary

Situated in George Street, recognised as the prime motel location in Dunedin, this 11-unit modern quality (Qualmark 4-star plus) motel is of a type rarely offered for sale in this tightly-held market. The Vendors are seeking new horizons, and will leave this business in excellent heart through the input they have made during their period of stewardship. They have built up an enviable trade with a solid customer base producing revenue and returns at high levels compared to other motels of this size in Dunedin and elsewhere. Dunedin is a city where the University and commerce combine to provide motels in prime locations, such as George Street, with year-round custom. Regular graduation ceremonies, sports events, and families and friends visiting students and the city, combined with the restricted ability to readily build more motel/hotel complexes close to the CBD, provide strong motel occupancy levels exceeding many other New Zealand cities. This superb motel presents a rare opportunity for aspiring moteliers, with potential for even further growth. The reasonable rental structure will also provide comfort to a purchaser, and underpins the returns. The Vendors are genuine sellers, and are seeking an urgent sale. We recommend early enquiry for this superb opportunity.

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Contact Seller

Mention you viewed this ad on BusinessSale.co.nz

Athol McCully
Link Business Broking Ltd
MREINZ Licensed Agent REAA 2008
03 366 3394
027 433 8052

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Related Categories: Accommodation and Motels for Sale
Location: Business for Sale New Zealand > Otago Businesses for Sale

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