Buying, selling or investing in a motel?

Buy and own one of Palmerston North's better motels

You will be proud to own this motel leasehold of Braemar Motor Lodge in Palmerston North:  20 units conprising 13 Studio, 6 One Bedroom, 1 Two Bedroom units and a 4 Bedroom home Private with courtyard off the living rooms + internal access garage. 27 years on the lease, next rent review 2021. Buying this business will assist the vendors to shift to the South Island.

Vendor has placed the property on the market to retire:

Live at home run your own business 6 ground level units detached 2 Bedroom home, established clent base easly managed by one person while your spouse works off site. All chattels owned 4 channells SKY, plenty of potential with this complex. The complex may lend to an alternative use.

Vendor reduces asking price will negotiate must sell..

Vendor has their business on the maket as an ongoing disability proves too difficult, forcing them to sell. Comprising of 18 units featuring Executive, Family & Studio units. 3 Bedrrom home with private family courtyard off living room. 23 years on the lease, attractive net income. Located in the heart of the C B D of New Plymouth, established client base, an active motellier would lift the income to the next level.. 

Located in the heart of Hastings City

After 13 years of ownership the Vendors say its time to move on.

19 Units excellent configuration of Studio, 1 & 2 Bedroom units, 3 Bedroom family home secluded private court-yard off living room. Long term lease, realistic rental, Immaculate presentation throughout no deferred maintenance here.

Located in the heart of Wanganui provides quite accommodation for guests who appreciate the secluded environment.       Consisting of 16 units executive ground level units 11 Studio 5 One Bedroom, 2 units with inter connecting doors suitable for large groups 3 Bedroom home internal access garage.  Separate motel kitchen & laundry 7 units with spas, 7 Units have heat pumps installed. Plenty of room for guests vehicles Magnolia Motor Lodge has been constructed in low maintenance materials keeping the the cost of maintenance to a very low level.

Ill health forces Vendors to reconsider the asking price. Asking Price reduced to $550,000 +(gst if any)

Return On Investment 22%. No Vacancy sign is often on show here. 18 units comprising of 14 Studio, 4 One Bedrooms. Air conditioning fitted in all units, several with spa baths. Quality chattels fitted throughout. Qualmark Rated 4 star plus. The motel is established, income per unit in excess of $30,000, immaculate presentation.  

Motor Lodge for sale located on a main thoroughfare into Palmerston North. Ideal family business handy to Primary, Intermediate, Secondary Schools.  14 Ground level units, configuration of Studio, 1 & 2 Bedroom units, 3 Bedroom comfortable family home, private courtyard off living rooms. For buyers looking for a motel with potential, this is the motel business for you.

You will be proud to own this Leasehold Interest  BASSINGERS MOTOR LODGE. Comprising of 12 Units, 6 Studio, 5 One Bedroom + 1 Two bedroom Units. 3 Bedroom Home with private court-yard with lockup garage attached to the house. Separate motel kitchen & laundry. New 30 Year lease with strong forward bookings.  Immaculate presentation guests keep returning to enjoy comfortable accommodation.