Motel Leasehold, Palmerston North
Motel
ActiveHospitality & TourismManawatū-WhanganuiB2C
Asking price
$420,000
Disclosed · NZD
Revenue (est.)
~$396,114
Estimated · comparable listings of this type and size
Earnings (est.)
~$113,397
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.7×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- A leasehold opportunity for one of Palmerston North's best-located motels, a short distance from Massey University, the Fonterra Research Centre and the International Pacific University.
- Close to parks, walking tracks and cycling paths, with a mix of 13 studio, one-bedroom and family units.
- Facilities include a conference centre, ample off-street parking, guest laundry and grassed spaces.
- A spacious three-bedroom, two-bathroom residence is included, with a lockup garage and private courtyard.
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