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 Palmerston North location, positioned as one of the city’s best located motels.
2. Immediate catchment of Massey University, Fonterra Research Centre and International Pacific University, supporting steady student, corporate and visiting academic demand.
3. Close proximity to parks, walking tracks and cycling paths, enhancing leisure and short-stay appeal.
4. Lease purchase opportunity rather than freehold, indicating a tenancy/leasehold business model.
5. 13-unit configuration with studios, one-bedroom and family units, enabling diversified room mix and market segments.
6. Onsite conference centre, providing corporate and event revenue potential.
7. Guest-focused facilities including ample off-street parking, guest laundry and grassed outdoor spaces.
8. Included three-bedroom, two-bathroom owner residence, with lockup garage and private outdoor courtyard, supporting onsite management and lifestyle benefits.
9. Vendors emphasise lifestyle and income benefits, implying established operations and consistent trading history.
10. Information Memorandum available online, with certain details released only after a confidentiality agreement, indicating a structured due-diligence process.
