Palmerston North Motel in Palmerston North business is for sale

The Palmerston North Motel in the city of Palmerston North, Business is for sale

The Palmerston North Motel is situated on Linton Street, one quiet street back from Fitzherbert Avenue and is an open plan style motel within a nice garden setting. It is a very quiet motel with little disturbance from the passing traffic yet is 100 metres away from Pak n Save and 200 metres from the Plaza shopping centre and the city square.
 

The Motel Facilities include

*  Twenty Guest rooms of which
*  3 are Studio, 16 x 1 bedroom and 1 x 2 bedroom units
*  Guest Laundry
*  Guest BBQ areas in the garden area
*  Spa and swimming pool with grassed sun lounge area
*  Very large owners accommodation - 3 bedrooms plus
*  Private back garden area
 

Brokers Comments

The Palmerston North Motel is well situated and has good revenues and profitability running for the current owners. They have a sound marketing and customer service technique which shows in the bottom line. The rent is a fair rental for the business and improvements are continually being made from the maintenance funds paid.

The owners accommodation unit is huge and a nice change to see as many motel managers units are rather small in comparison. They have three bedrooms and a 4th bedroom that could be used as an office.

The reception area is conveniently located adjacent to the lounge of the accommodation unit and central to the motel units, the pool area and central grounds and gardens.

This is a nice business and seemingly trouble free and the purchase price for the business is just right.
 

Website : http://www.palmerstonnorthmotel.co.nz/
 

Contact the Broker

 
Ross M. Larsen C.H.A.

Ross Larsen, the Tourism & Hospitality Business Broker that is the agent for the owner of this business is happy to discuss this property's details with you at any time - please refer to the contact details on this page.

Palmerston North and the Manawatu

Scenic valleys, spectacular gorges, pastoral farmland and the coastal beaches of the Manawatu region surround the lower North Island's largest provincial city, Palmerston North.

Built on the banks of the Manawatu River, Palmerston North is a key centre of learning, and home to more than 70 major educational and research institutions, including New Zealand's fastest expanding university, Massey, the Adidas Institute of Rugby and not far away from the Linton Military Camp.

Palmerston North's picturesque city square is the centre of a busy entertainment and business district. Many of the original stores built in the 1920s and 1930s have been restored and are now charming boutiques, cafes, and great restaurants. The district also features live theatre, international shows and cinema. The self-guided City Heritage Trail takes in the city sights, while further afield, the Manawatu Gorge Walk and Esplanade Drive explore the environs.

City attractions include the highly acclaimed Te Aweawe Complex and Museum, the beautifully restored Regent Theatre and the New Zealand Rugby Museum, a shrine to the country's national sport. It is a good base for exploring the many large private gardens in the countryside.