Apartments at St Clair are located in the stunning and iconic Majestic Mansions building in St Clair.

This is an exceptional opportunity for an experienced hotel operator to own the freehold land & buildings, continue to grow the business while being able to live in the popular sea side suburb of St Clair.

The Apartments at St Clair are set just one street back from the beach, providing affordable accommodation for short to medium stays and is the perfect central city alternative for guests with the spectacular surf beach, cafes, restaurants and the salt water pools right on your doorstep. It is only 7 minutes from Dunedin’s CBD and is the gateway to the Otago Peninsula. Majestic Mansions was built in the 1920s and has approximately 880m2 of floor area set on a 668m2 site. 

There are a total of 12 of apartments with 8 x One Bedroom Apartments each having a separate kitchen, lounge, bathroom and bedroom with a queen sized bed and 4 x Two Bedroom Apartments each having the addition of a small second bedroom with two single beds. All apartments have either courtyard, city or sea views and 8 garages are available for car parking.

Managers/ Owners onsite Accommodation: Currently one of the 8 One Bedroom Apartments is used as the Managers apartment within the complex.

Broker's comments:?

This is a lot of land, buildings and business chattels and goodwill for the money. Seldom do you see in the tourism accommodation sector offering such prime real estate and sustainable profitable trading results.

?We welcome your enquiry, please contact the specialist Accommodation Business Broker, Adrian Chisholm, AREINZ on 021 727 888 or email: adrian@tourismproperties.com