Buy and count the cash flow
SOLD BY McCRAE
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