0800 263 339

When Size is Profit

Palmerston North
Reference: 9934
Motel / Motor Lodge
Business Lease $1,300,000

A Motor Inn located on one of the main arterial roads into Palmerston North, well situated on Main Street coming in from The Saddle Road.

There are 40 units, 35 studio and twin studio units, 2 x one-bedroom executive units, 2 x two-bedroom apartments and 1 x three-bedroom apartment. The studio suites all have cooking facilities and the one & two bedroom apartments have full cooking facilities with spacious lounge. The three-bedroom apartment has a full kitchen and two showers/toilets. A wonderful unit for families, teams or large groups. All units have been recently refurbished.

Facilities include motel/guest onsite large kitchen, motel laundry, guest laundry, BBQ area and ample camera monitored parking. Extra land is leased at the rear for truck parking and is available.

The residence has three bedrooms, two bathrooms and open plan living. Good internal access to the reception lounge and a private courtyard.

This is an amazing opportunity to establish yourself in the accommodation industry with 40 different units to cater for all sectors of the market. Capitalise on owning a business performing well and one that is ready to cater for the increase in demand for accommodation with major projects coming on stream (new Manawatu Tararua Highway, Windfarm). Inspection by appointment only.

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 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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