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

Marketing Agent

Damon Mackenzie

Coffeys

Key Investment Insights

AI generated. Confirm details with the seller.

1. Prime Palmerston North location near Massey University, Fonterra Research Centre and International Pacific University.
2. Thirteen units provide flexible accommodation across studio, one bedroom and family configurations.
3. On site conference centre supports varied guest and business accommodation requirements.
4. Ample off street parking, guest laundry and grassed areas enhance guest convenience.
5. Included three bedroom, two bathroom residence offers spacious owner accommodation.
6. Residence includes a lockup garage and private outdoor courtyard.
7. Nearby parks, walking tracks and cycling paths add lifestyle appeal for guests and owners.
8. Leasehold motel opportunity combines accommodation operations with an established range of facilities.