Broker | Hawkes Bay, Gisborne, Wellington
Modern 20 unit, single level, motel. There are 13 x studios, 6 x one bedroom units and 1 x two bedroom unit.
Sixteen of the units have spa baths which are popular with the guests.
The owners home consists of four bedrooms, two bathrooms, an internal garage and carport plus a private courtyard area.
The lease expires in 2044 - 35 years from November 2002 plus a 7 year extension to the lease.
The motel benefits by being located close to the Palmerston North Hospital, on the same street.
The motel business is trading consistently well with clientele a mixture of corporates, hospital staff and the general public.
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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