Fitzherbert
Sold By McCrae Real Estate
Modern 20 Units Leasehold for sale Vendor has placed his motel business for sale offers a 28 year lease expiring 2049. Situated on a main entrance into Palmerston North. 20 Unit consists of 16 Studios, 2 One Bedrooms. 2 two Bedroom Mezzanine floor units. 3 Bedroom managers apartment.
This motel enjoys a high occupancy from an established client base from corporate trade, tradesmen working in the district plus the general travelling public.Palmerston North has some large developments under construction which helps to draw guests to this motel.
20 Units provide all the comforts of home and guests kept returning to stay and enjoy the environment the units offer. Complete with Spa baths, Heat pumps, Broadband Internet, and Card entry into all units which also activates electricity in the units.
The vendor has recently replaced or renewed plant & chattels. The complex is handy to schools, Massey University and all the city facilities that Palmerston North has to offer. With a long term lease (28 years) the buyer of this business will enjoy a strong cash flow.
Details
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Listing ID: m828
Malcolm McCrae
Malcolm McCrae is the principal of McCrae Real Estate Limited, MREINZ, REAA Licensed Agent
Malcolm (AREINZ) is a Licensed Agent REAA and has over 33 years experience selling real estate, the last 15 years specialising in the motel industry. Allied Member of the Motel Association of New Zealand and Approved Consultant of Hospitality New Zealand.
Email:
Phone : +64 6 3577743
Mobile : +64 274 462 987
