Well Renowned Motel Lease For Sale

This extremely well presented modern motel with substantial owners accommodation is offered for sale with a 26 year lease.

Bonnie Knights Motel is situated on the prominent eastern side of Quarry Rd, which provides fantastic exposure.

The motel is conveniently located just minutes to Mogiel township, 12km from Dunedin City and is the closest motel to Dunedin International Airport.

The opportunity comprises 10 immaculate units - from comfortable studio units, to spacious executive 1-bedroom kitchenette units, and a large family unit with full kitchen facilities.

The more recent buildings were constructed just 6 years ago (on single level), and will supersede most investment opportunities when it comes seismic ratings against current Code.

The design and structural integrity of the buildings also lends to additional levels providing superb value add potential! Rental: $107,000 per annum (net of outgoings) incl GST

Freehold land and building available for purchase at $1,250,000 +gst in addition to the lease purchase if desired.

If you are searching for a quality long-term investment, then I urge you to contact me.

Asking Price: $385,000.00