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, described as one of the city's best located motels.
2. Short distance to Massey University, Fonterra Research Centre and International Pacific University, implying consistent demand from students, staff and visiting academics.
3. Close proximity to parks, walking tracks and cycling paths, enhancing leisure and extended-stay appeal.
4. Lease available for purchase, indicating a leasehold transaction rather than freehold.
5. Mixed portfolio of 13 units, offering studio, one-bedroom and family configurations for diverse market segments.
6. Onsite conference centre, supporting corporate, group and event bookings.
7. Ample off-street parking, a practical advantage for guests and groups.
8. Guest laundry and grassed spaces, providing additional guest amenities for longer stays and family travellers.
9. Included spacious three-bedroom, two-bathroom residence, offering onsite manager or owner accommodation.
10. Residence features a lockup garage and private outdoor courtyard, adding residential security and lifestyle benefits.
11. Vendors cite proven lifestyle and income benefits, suggesting an established operational track record.
12. Information Memorandum is available online, with some listing details subject to confidentiality and conditional disclosure via a confidentiality agreement.
