- About this property
Going Concern Apartment Complex in St ClairProperty ID DUN22820Built in the 1920s, the Majestic Mansions building has served several generations of Dunedin residents. The "Mansions" are located in St Clair, one of Dunedin's premier suburbs, near some extremely popular cafes and restaurants. Just a stone's throw away is the beach, ever popular with the Dunedin surfers, and the Salt Water Pools. St Clair has fast become the destination for visitors looking to enjoy some of the best Dunedin has to offer, away from the bustle of the central city.
This business provides both short and long term accommodation. Under the guidance of the current owners, the apartments have grown in to the successful business that exists today.
The apartments have now cemented their place in Dunedin's accommodation market, and their occupancy now is in excessive of 85% and growing annually. If you're after that change in lifestyle or looking to sell off the management rights, this could definitely be the one for you.
For more information, contact Madelon today, or have a look online to see some fantastic reviews of the service and quality that is on offer at the Apartments at St Clair.
$2,390,000 + Gst (If Any)