Palmerston North, North Island
Prime Location in Palmerston North
Business Lease $420,000
Business Description
This is a prime opportunity to purchase the lease of one of Palmerston North's best located motels.
A short distance from Massey University, Fonterra Research Centre and the International Pacific University (IPU). Close proximity to parks, walking tracks & cycling paths.
My vendors have benefited immensely from the lifestyle and income motel ownership brings. It is now time for a new adventure in life.
A mix of 13 units allows for a variety of guest configurations with studio, one- bedroom and family units.
Facilities include a conference centre, ample off-street parking, guest laundry, grassed spaces.
A spacious & comfortable three-bedroom, two-bathroom residence is included. With a lockup garage and private outdoor courtyard.
An Information Memorandum is available to download from our website coffeys.co.nz.
Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.
We would welcome your enquiry via this website or direct to DAMON MACKENZIE.
Business Summary
Key Investment Insights
1. Prime lease opportunity for one of Palmerston North’s best located motels, marketed for sale as a lease acquisition.
2. Short distance to Massey University, Fonterra Research Centre and International Pacific University, indicating proximity to education and research-driven demand.
3. Close to parks, walking tracks and cycling paths, enhancing leisure appeal for guests.
4. Property comprises 13 units with a mix of studio, one‑bedroom and family configurations, allowing flexible guest segmentation.
5. Onsite conference centre provides corporate and group revenue potential beyond transient accommodation.
6. Facilities include ample off‑street parking, guest laundry and grassed spaces, supporting guest convenience and operational efficiency.
7. Sale includes a spacious three‑bedroom, two‑bathroom residence, offering owner accommodation or rental income potential.
8. Residence features a lockup garage and private outdoor courtyard, adding lifestyle and security benefits for an onsite manager.
9. Vendors cite both lifestyle and income benefits from ownership, implying an established operational model.
10. Information Memorandum available for download from coffeys.co.nz, with additional confidential details released upon signing a confidentiality agreement; enquiries directed to Damon Mackenzie.
