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, signalling strong location value.
2. Immediate demand drivers from nearby Massey University, Fonterra Research Centre and International Pacific University, suitable for student visitors, academic and corporate stays.
3. Proximity to parks, walking tracks and cycling paths enhances leisure appeal and longer-stay attractiveness.
4. Mixed portfolio of 13 units offering studio, one‑bedroom and family configurations, allowing diverse guest segments and revenue mix.
5. Onsite conference centre enables corporate and group bookings, boosting weekday occupancy potential.
6. Ample off-street parking supports drive-in guests and conference delegates, reducing friction for domestic travellers.
7. Guest laundry and grassed outdoor spaces improve guest convenience and family-friendly appeal.
8. Included three‑bedroom, two‑bathroom residence on site provides owner accommodation, operational convenience and potential cost savings.
9. Lockup garage and private outdoor courtyard add security and lifestyle benefits for on-site owners.
10. Information Memorandum available, with additional confidential details released under a confidentiality agreement, indicating structured sale process and availability of due diligence material.
