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Shadzz Motel

$635,000

Business Manawatu - Wanganui

ID: 1561

Shadzz Motel

Property Name:
Shadzz Motel
Address:
145 Fitzherbert Ave, Palmerston North
Property Type:
Motels
Sale Type:
Business
Price:
$635,000 
Region:
Manawatu - Wanganui
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Paul Sanson

Paul Sanson

Broker | Manawatu, Whanganui, Wellington, Wairarapa

M: +64 27 903 4267

paul[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • Outstanding presentation
  • Excellent trading results
  • Substantial owners home

Paul Sanson

Broker | Manawatu, Whanganui, Wellington, Wairarapa

Contact Agent

Paul Sanson

Mob: +64 27 903 4267

Email: paul[at]resortbrokers[dot]co[dot]nz

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"Hard to Fault" Presentation

14 spacious units ranging in size from 30m2 to 60m2.   Included are 8 x Studios (includes 2 access units), 4 x one bedroom units and 2 x two bedroom units.

- Conference Room of 55m2 that will cater for up to 30 people .
- A member of the Host Accommodation Booking Group.
- Location - Ideally situated on the "Fitzherbert Avenue Motel Mile" and only one block from the CBD

Owners Accommodation - On 2 levels and includes 3 bedrooms plus an office/4th bedroom, 2 bathrooms and a separate garage and workshop. One of the largest owners accommodation that I have seen for some time.

Lease Term - 30 year lease expiring in November 2044

Chattels are of a very high standard, the owners have spent in excess of $70,000 over the last few years replacing and upgrading various chattels, namely new carpet throughout all units and the owners accommodation, new bedspreads, new settees, heat pumps, recliner chairs and dining tables in various units, new wifi cabling and the exterior and interior has been repainted during the last 3 years.


The Motel trades very well and has consistently good occupancy percentages.  Its hard to fault the overall presentation of this 4 star Qualmark Rated motel. Further enquiry is highly recommended.

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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Paul Sanson

Paul Sanson

Broker | Manawatu, Whanganui, Wellington, Wairarapa

M: +64 27 903 4267

paul[at]resortbrokers[dot]co[dot]nz

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