0800 263 339

Large Going Concern Opportunity

Palmerston North
Reference: 9845
Motel / Motor Lodge
Land, Buildings and Business $5,100,000

This complex has some real horsepower, with 26 units including studios, one and two bedroom suites, a three-bedroom apartment and well-designed purpose built conference facilities.

Situated in a quiet location just off the main road, quite central to the Palmerston North CBD. With online bookings these days, the reliance on drive-by traffic is much less and people soon discover the convenience of location combined with the tranquil environment.

Presentation is excellent with all suites fitted out to attract the corporate guests as well as catering for families and groups. The large land area affords the luxury of having all units on the ground floor and facilities including squash court, gymnasium, guest laundry, motel laundry, motel kitchen and ample off-street parking.

Owner's accommodation is provided by way of a separate standalone three bedroom (master ensuite) home plus a double garage.

The property has been run under management for some time. This is a great opportunity for new owners to take the controls of an established business with enormous potential to grow and prosper further.

Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.

We would welcome your enquiry on the Sale of the Land, Buildings and Business of this of this Motel for sale in Palmerston North via our website or by phoning PETER MCGRATH on 0800 263339, DDI 06 929 7681 or 027 449 1608.
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Peter McGrath

Peter’s early career was in farming before new challenges where called for. The first of these was the development of a large and successful hydroponic rose growing enterprise, followed by a career shift to satisfy a long time interest in real estate.

Back to University to polish his professional skills and knowledge, he gained a Post Graduate Degree in Business Studies (Real Estate). He has run his own agency and sold residential, lifestyle and rural properties. Peter is excited to be on the Coffeys team and is confident of good times ahead in the tourism market.

Communication is key to Peter’s success. He is a people person, a lateral thinker and always assists his clients with sale process while striving to achieve the best possible outcome. Knowledge of property, marketing skills and a no stone unturned attitude enable him to find the best match for buyers and sellers.

Peter and his wife Jo have raised four children and now have four dearly beloved grandchildren. If any spare time is available, Peter will grab a fishing rod or brush the dust of the golf clubs. 

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