Immaculate Presentation just buy and manage this motel complex. 12 Ground level units consists of 6 Studio, 6 One Bedroom units 3 Bedroon home internal access garage.Enjoys a constant demand for accommodation from corporate trade and tradies..
Shadzz Motel 14 motel units + Conference Venue located central city of Palmerston North. 8 Studio, 4 One bedroom & 2 two bedroom units, conference venue with separate entrance. The complex has all the comforts of home. .Offering long term lease 22 year to run,all chattels owned, 12 units with spas. plenty of parking for vehicles. Immaculatly presented throughout
This motel complex ticks all the buying boxes:
Like to own your own motel this could be it. 7 Plus spacious two stories house 3 Bedrooms or could be 4 Bedrooms. Large parcel of land 3,809 sqm. units comprise of 3 One Bedroom; & 4 Two Bedrooms. This complex you could utilize as home & income, location is near the centre of the city, easily managed by one person.
Most motels in New Zealand operate by way of a lease. As you may already know, it is a rewarding and interesting lifestyle. A leasehold is the lease of the motel land and buildings and a leasee is buying motel chattels, the business goodwill, business lease and the right to operate as a motel for a set period of time.