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  Always admired colonial style: Plenty of street appeal here,13 units plus a Conference Venue and 3 bedroom home. Looking for a motel with potential you must arrange an inspection as this motel is as good as the photos show. Health issues force the Vendors to sell, reducing the asking price further.
Located on one of the main thoroughfares into Palmerston North. 4 Studios, 6 One Bedroom & 3 Two Bedroom units, Conference Venue opens onto a private courtyard with BBQ. 20 year lease, realistic rental. Some linen cleaned by a laundry company. This motel is handy to Massey University, NZ Army, International Pacific College, and the not to over-look the sports grounds near by. The managers home is ground level. This complex lends to one person managing the day to day management while a spouse works off site.
Don't delay contact McCrae
 $350,000 ono (+ gst if any)
For further information on this property contact one of our sales team quoting REF#m567. Email
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Disclaimer: The property information has been prepared from information supplied by the owners. Every precaution has been taken to establish the accuracy of the material. No responsibility or liability is accepted by McCrae Real Estate Ltd (Licensed Agent REAA 2008) its principal, agents or employees. Prospective purchasers should make their own enquires and satisfy themselves as to all aspects of this material.
Copyright © 2013 McCrae Real Estate Limited - Licenced Real Esate Agent REAA. All Rights Reserved.
McCrae Real Estate Limited MREINZ is a hospitality business and investment broking service specialising in the motel industry in whom you have total confidence.
