0800 263 339

Great Complex - Well Located

Palmerston North
Reference: 9756
Motel / Motor Lodge
Business Lease $1,100,000

A complex with some real horsepower. 26 units including studio's, executive studio's, one-bedroom suites, two-bedroom suites and a three-bedroom apartment plus well-designed purpose built conference facilities.

Located handy to the Palmerston North CBD in a quiet street, walking distance to cafes and restaurants. New 30 year lease from possession date.

Suites are fitted out to attract 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 a separate standalone three bedroom (master ensuite) home plus a double garage with internal access to reception.

The property is run under management and presents a great opportunity for new owners to take the controls of an established business with we believe growth potential.

We would welcome your enquiry on the Sale of the Business Lease 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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