Freehold Investment Motel for Sale Dunedin

Description

Sale type: freehold land and buildings investment

Location: 575 George Street, North Dunedin, New Zealand

Land area: approximately 1,277m²

Building area: approximately 870m²

Lease

Lease type: net lease

Lease term: through to 2050

Current annual rent: $240,000 plus GST

Annual rent from 1 October 2026: $250,000 plus GST

Accommodation

Self-contained units: 16

Additional studio: one

Four-bedroom apartment: one

On-site parking: available

Tenant

Motel operator: established

Accommodation business: operating

Guest demand: consistent

Location

Position: North Dunedin

Dunedin CBD: one block away

University of Otago: walking distance

Otago Museum: walking distance

Nearby: retail, cafés, restaurants and public transport

Investment

Ownership: freehold title

Management requirement: low

Income source: motel lease

Future options

• Rental growth
• Property repositioning
• Future redevelopment subject to council approval