Fitzherbert
Fitzherbert
Buy in a Progressive city Palmerston North

Fitzherbert

Buy and count the cash flow

 Modern 20 Units Leasehold for sale   Vendor has placed his motel business for sale offers a 28 year lease expiring 2049                                                                                                                                              Situated on a main entrance into Palmerston North. 20 Unit consists of 16 Sudios, 2 One Bedrooms. 2 two Bedroom Mezzanine floor units. 3 Bedrom managers apartment.This motel enjoys a high occupancy from an established client base from corprate trade, tradesmen working in the district plus the general travelling public.Palmerston North has some large developments under construction which helps to draw guests to this motel. 

20 Units provide all the comforts of home guests kept retuning to stay and enjoy the environment the units offer.. Spa baths, Heat pumps Braodband Internent, Card entry into all units also activates electricity in the units. The vendor has recently replace or renewed plant & chattels.The complex is handy to schools, Massey University and all the city facilites that Palmerston North has to offer. With a long term lease (28 years) the buyer of this buiness will enjoy a strong cash flow. Motelliers looking for a larger motel complex must arrange a viewing of Fitzherbert Regency Motor Lodge.      For Further information Contact Specialist Motel Broker Malcolm McCrae 0274 462 987 or 06 357 7743                          

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  • Malcolm McCrae

    Malcolm McCrae

    Malcolm McCrae is the principal of McCrae Real Estate Limited, MREINZ,  REAA Licensed Agent

    Malcolm (AREINZ) is a Licensed Agent REAA and has over 33 years experience selling real estate, the last 15 years specialising in the motel industry. Allied Member of the Motel Association of New Zealand and Approved Consultant of Hospitality New Zealand.

great location immaculate presentation modern complex spa baths strong forward bookings

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.