Braemar Palmerston North
Strong street appeal
Vendors are serious about selling reduce the price by $100,000
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.
This complex has a lot to offer the buyer. Designed for easy management all units ground level, excellent configuration of units, provides accommodation for large or small groups, comfortable managers home, separate motel kitchen & laundry. The Lessee has maintaned the chattels and buildings to a very high standard.
Strong forward bookings combined with a great location situated on a main thorougfare into Palmerston North city. Braemar Motor Lodge enjoys a constant demand fron staff from the Public Hospital and general travelling public looking for 4 star + accommodation.
For further information contact Specialist Motel Broker Malcolm McCrae tel 06 357 7743 mob 0274 462 987
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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.
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