Motel Leasehold, Palmerston North

Motel Leasehold, Palmerston North — Hospitality & Tourism · Palmerston North · Asking $420,000

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…

DealProspect/Listings/Hospitality & Tourism

Motel Leasehold, Palmerston North

Motel

ActiveHospitality & TourismManawatū-WhanganuiB2C

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Asking price

$420,000

Disclosed · NZD

Revenue (est.)

~$327,307

Estimated · comparable listings of this type and size

Earnings (est.)

~$113,723

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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