Boutique Motel, North Dunedin

Boutique Motel, North Dunedin — Hospitality & Tourism · Dunedin · Asking $839,000

Polished boutique motel on George Street in the North Dunedin heritage precinct, a quality-first, location-led operation (B2C leasehold). High review scores (Booking.com 9.3 across 1,011 reviews; Tripadvisor 4.9/5, ranked #1 of 31 Dunedin motels). A major 2016 refurbishment delivered air conditioning, double glazing, full insulation and underfloor heating; 10 units supporting a quiet, repeat-stay…

DealProspect/Listings/Hospitality & Tourism

Boutique Motel, North Dunedin

Motel

ActiveHospitality & TourismOtagoB2C

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Asking price

$839,000

Disclosed · NZD

Revenue (est.)

~$589,931

Estimated · comparable listings of this type and size · typically within ±30%

Earnings (est.)

~$220,378

Estimated · comparable listings of this type and size · typically within ±25%

Typical multiple

~3.8×

comparable listings of this type and size · typically within ±25%

Brief

Polished boutique motel on George Street in the North Dunedin heritage precinct, a quality-first, location-led operation (B2C leasehold).
High review scores (Booking.com 9.3 across 1,011 reviews; Tripadvisor 4.9/5, ranked #1 of 31 Dunedin motels).
A major 2016 refurbishment delivered air conditioning, double glazing, full insulation and underfloor heating; 10 units supporting a quiet, repeat-stay experience.
Walking distance to the University of Otago, hospital and city attractions; business lease $839,000.

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