Freehold Going Concern Motel in Prime Location

Palmerston North

$3,550,000

Proposed Usage
Industrial
Floor Area
3038.00 m²
Land Area
3038.00 m²
Description:
Property ID
1brd98t

You could be forgiven for thinking you have been transported to a Hawaiian resort when you look at this motel complex from certain angles. Its stunning green backdrop of tropical palm trees gives it the feeling of an oasis.

Located in an absolutely prime location, just one block from the Palmerston North CBD, it is the perfect location for visitors to the mighty Manawatu. With 29 units in 2 blocks, a fantastic pool, spa, and onsite gym. Modernised bathrooms and with very solid returns this is definitely worth a look.

Additional rental streams are presently enjoyed from an onsite Hair Salon and Day Spa. Potential to retain one or both of these.

Freehold going concern but with some flexibility whether you operate as your own, lease out or lease back to adjoining hotel complex.


Price $3,550,000 for Freehold Going Concern.

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Palmerston North Area