For sale by Negotiation

Description

Property Brokers are pleased to bring to market BK's Magnolia Motor Lodge in central Whanganui. This exceptionally high-quality motel accommodation, which was refurbished in 2020 benefits from 16 executive ground floor units consisting of spacious studios sleeping from one to three people, one-bedroom units that sleep from two to four and two accessible studio units, these units interconnect with one-bedroom spa bath units to suit the needs of three to six people. The motor lodge also has a modern and spacious owner's accommodation over two levels with a good-sized kitchen, three double bedrooms and a large lounge dining room overlooking an attractive and secure garden. BK's Motor Lodge is close to all the city's facilities and within 5 minutes walking distance of the main street and its cafes, restaurants and museums. With a 26-year lease on offer, this high-performing business opportunity is one not to be missed.