West End - Legends Motel "freehold going concern"

Description

New to the market is this 12-unit motel, a stone's throw from "The Square", Palmerston North. The total land area is 889m2 more or less. It consists of a three-bedroom residence of 186m2 more or less and motel units of 376m2 more or less plus parking for approx 15 cars. Built in the 1980s this is a great opportunity to purchase this freehold property in a superb location on Fitzherbert Avenue, in walking distance to the City Centre with all its amenities, cinemas, theatres and eateries. Indicative net income for the business is in excess of $200k exclusive of GST for 2023 and 2024. Price by Negotiation.