Motivated vendor. Genuine sale required.
The Saigon Hotel is a well-known landmark property positioned in the heart of Dannevirke’s CBD. Occupying a prominent corner site on the main street (SH2), the property benefits from excellent exposure and strong pedestrian flow, with a key thoroughfare linking directly to nearby businesses including New World.
This substantial commercial property generates a reliable income stream from established tenants, while still offering significant potential for future development or refurbishment.
Currently operating within the building are a busy Thai restaurant and bar, a sports bar and gaming lounge, along with a large accommodation complex located on the upper level.
Property Highlights
- Land Area: 1,092m2 (approx)
- Floor Area: 1,390m2 (approx)
- Zoning: Commercial Management
- Current Income: $65,000 gross + GST per annum
The property enjoys strong visibility with high vehicle counts, steady foot traffic, and convenient nearby parking.
Value-Add Opportunities
- Refurbish and modernise the existing building
- Develop currently under-utilised areas for additional income
- Secure a strategic long-term CBD landholding
Opportunities to acquire a property of this scale and profile in Dannevirke commercial centre are rare.
