Hulmes Court Bed and Breakfast, Home and Business For Sale. Click here to my Hulmes Court Website, or click here to go directly to my home for sale website.
Price is by negotiation (plus GST if any) and is for the land, buildings, furniture, contents and business, sold as a going concern. I am planning to have open homes each Saturday morning between 11am and 2pm. You are also most welcome to phone me to arrange a time convenient for yourself.
A truly amazing property, ideal for a New Zealand or International Investor.
Time for a change. Take this unique opportunity to invest in Dunedin New Zealand.
The stunning architecturally designed 1860s Victorian home of the then provincial surgeon Edward Hulme is the perfect location for a comfortable relaxed stay as many of our repeat clients both local & from around the globe will lay testament too. Now its your chance, move fast and avoid disappointment so you can secure this unique opportunity and make it your very own.
Contact The property and business is being sold by Dunedin Historic Resort Limited Contact Norman Wood Mobile 021 270 5319 (from overseas +64 21 270 5319) Office 03 477 6258 Fax 03 477 4898 Postal PO Box 6361 Dunedin Email normwood@xtra.co.nz
Floor Plan and Detailed Information
This is a very large property. Recognised by the New Zealand Historic Places Trust for its significance to our history. It was the home of the first Provincial surgeon, Edward Hulme, who helped found the Medical School at the University of Otago.
It is 4 stories high, with the basement (although not below ground) level being a separate apartment occupied by the site manager, the lower level that has 3 bedrooms, 2 bathrooms, kitchen and the large breakfast room; the upper level provides access direct from the street (note there are 4 exits on the lower level) and comprises 5 bedrooms and 4 bathrooms. The very top level is the room in the Turret, this is accessed from the “Turret Room” below. Hence, across the whole building there are 9 bedrooms, 7 bathrooms, 2 lounges, attic type room in the turret and 8 car parks.
Click here to download a pdf of the floor plan.
The beautiful staircase in my home.
The Property
Hulmes Court is located at 52 Tennyson Street on 814m2 (8762 square feet) of land. Frontage 23m (75 feet), depth 36m (118 feet).
The property has views over the city centre to the North East and overlooking the beautiful Otago Girls High School grounds to the South West.
The rear of the property is accessed by a tarseal driveway to a large carpark for 8 vehicles. There are established gardens with courtyard areas and well developed trees including cottage garden plantings a pear, olive, lemon and plum trees.
The Business
The property is being sold as a going concern. As such it comes with a huge number of assets (see attached pdf for a full list and value).
Maximum Gross Yield Calculation (excluding sales of tourism product, telephone calls, merchandise, and with no extra person charges). Currently the following rooms have a per night rack rate (see www.hulmes.co.nz/bedh.htm) and note that the Hulmes Too annex is not part of this sale): Art Deco $145, Book $115, Turret $145, Flower $115, African $145, Persian $115, Forest $145, Apartment $175 (note Rose room used by staff and the staff apartment sold on a per night basis) giving a maximum yield of $1,100 per night or $401,500 per year including GST.
It must be remembers that during certain times of the year there is some room vacancy, in addition there are discounts given to single occupancy, regulars etc and also commissions/discounts to various distribution channels. On the other hand there are significant opportunities to sell tourism product, merchandise, phone services and the like.
There are other methods of utilising Hulmes Court, it could be used as a beautiful family home (although the sale here is for the property as part of a GST registered going concern and is plus GST if any – note as a going concern the transaction is GST zero rated).
Hulmes Court is located only 3 minutes walk from The Octagon, the city's town square. Within 5-10 minutes there are a huge number of shops, restaurants, theaters, art gallery, public library, City Council and Town Hall.
