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 unit motel mix includes studio, one bedroom and family accommodation configurations.
3. Conference centre provides an additional facility for business or group guests.
4. Ample off street parking, guest laundry and grassed spaces support guest convenience.
5. Included three bedroom, two bathroom manager’s residence offers spacious onsite accommodation.
6. Residence includes a lock up garage and private outdoor courtyard.
7. Close to parks, walking tracks and cycling paths, adding lifestyle appeal for guests and operators.
8. Leasehold acquisition offers an opportunity to purchase an established motel operation with varied accommodation.