Ad ID: 54888

Motel for Sale Palmerston North

A Solid Earner in a Great Location

Business Description

Motel for Sale Palmerston North

Looking for a motel with a consistent record of profitable trading, in an excellent location and with inviting street appeal? Look no further.

The present leaseholders have won awards for customer service and have all of the systems in place to ensure that new owners can continue their successful formula of achieving high occupancy levels profitably by targeting the corporate market. Membership of the Host Accommodation Group is a valuable part of this strategy.

Being located only one block from the square and all of the restaurants and entertainment amenities is a major benefit to both corporate and recreational guests. Being situated on Fitzherbert Ave maximises the opportunity for "walk-in" guests.

Boasting an attractive street frontage, the building has been meticulously maintained and was recently painted inside and out. The present owners have recently spent over $72,000 on ensuring the chattels continue to match this high standard.

The 14 units over two levels consist of 8 x studio units (6 with spa baths), 4 x one bedroom units and 2 x two-bedroom family units. The complex also includes a professionally presented conference room and an owner's garage with workshop.

A long lease and good profit levels make this a safe bet for new or experienced purchasers.

Call me now to arrange an inspection or just a chat.












Ref: WL00019
Timestamp: 20161209054542

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