Prime Location in Palmerston North

Palmerston North City
Reference: MW979
Motel / Motor Lodge
Business Lease $420,000

This is a prime opportunity to purchase the lease of one of Palmerston North's best located motels.

A short distance from Massey University, Fonterra Research Centre and the International Pacific University (IPU). Close proximity to parks, walking tracks & cycling paths.

My vendors have benefited immensely from the lifestyle and income motel ownership brings. It is now time for a new adventure in life.

A mix of 13 units allows for a variety of guest configurations with studio, one- bedroom and family units.

Facilities include a conference centre, ample off-street parking, guest laundry, grassed spaces.

A spacious & comfortable three-bedroom, two-bathroom residence is included. With a lockup garage and private outdoor courtyard.

An Information Memorandum is available to download from our website coffeys.co.nz.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.

We would welcome your enquiry via this website or direct to DAMON MACKENZIE.

Enquire Now

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Damon Mackenzie

Damon joined Coffeys after running a motel with his wife Brenda in Palmerston North for close to 6 years. This was a great learning environment for them, they developed skills and practices to run a very successful operation during the most challenging of times for the industry.

He has also been a partner in an accounting business for 6 years, owning Taxlink Manawatu. The firm focused on setting up new businesses, preparing accounts and filing end of year tax returns. So, when it comes to the numbers, you can be sure you are in safe hands with Damon.

With a career rooted in hospitality from waiter to business owner he credits quality customer service as his key to success.

Damon values long term client relationships and networking and brings a strong passion for excellence to Coffeys.

He enjoys travelling with close friends and spending time with his adult children and two fast growing grandchildren.

His favourite quote is “live long and prosper”.