A Solid Earner in a Great Location

$635,000Palmerston NorthListing: #WL00019


Palmerston North  


$635,000


Accommodation/Tourism
$136,570


About this business for sale

A Solid Earner in a Great Location

Looking for a motel with a consistent record of profitable trading, in an excellent location and with inviting street appeal? Look no further.

The present leaseholders have won awards for customer service and have all of the systems in place to ensure that new owners can continue their successful formula of achieving high occupancy levels profitably by targeting the corporate market. Membership of the Host Accommodation Group is a valuable part of this strategy.

Being located only one block from the square and all of the restaurants and entertainment amenities is a major benefit to both corporate and recreational guests. Being situated on Fitzherbert Ave maximises the opportunity for "walk-in" guests.

 Boasting an attractive street frontage, the building has been meticulously maintained and was recently painted inside and out. The present owners have recently spent over $72,000 on ensuring the chattels continue to match this high standard.

The 14 units over two levels consist of 8 x studio units (6 with spa baths), 4 x one bedroom units and 2 x two-bedroom family units. The complex also includes a professionally presented conference room and an owner's garage with workshop.

A long lease and good profit levels make this a safe bet for new or experienced purchasers.

Call me now to arrange an inspection or just a chat.

 

 

 

 

 

 

Wellington
rlunn@linkbusiness.co.nz
+64 4 472 7602
+64 22 428 6470

Richard Lunn

*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.