Motel Leasehold, Palmerston North

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

Leasehold motel in Palmerston North, close to Massey University, the Fonterra Research Centre and the International Pacific University Near parks, walking tracks and cycling paths Thirteen units in a mix of studio, one-bedroom and family configurations On-site extras include a small conference centre, ample off-street parking, guest laundry and grassed grounds Owner's residence is a separate…

DealProspect/Listings/Hospitality & Tourism

Motel Leasehold, Palmerston North

Motel

ActiveHospitality & TourismManawatū-WhanganuiB2C

Find funding for this deal →View original listing ↗

Asking price

$420,000

Disclosed · NZD

Revenue (est.)

~$337,025

Estimated · comparable listings of this type and size · typically within ±30%

Earnings (est.)

~$113,723

Estimated · comparable listings of this type and size · typically within ±25%

Typical multiple

~3.7×

comparable listings of this type and size · typically within ±25%

Brief

Leasehold motel in Palmerston North, close to Massey University, the Fonterra Research Centre and the International Pacific University
Near parks, walking tracks and cycling paths
Thirteen units in a mix of studio, one-bedroom and family configurations
On-site extras include a small conference centre, ample off-street parking, guest laundry and grassed grounds
Owner's residence is a separate three-bedroom, two-bathroom home with a lock-up garage and private courtyard

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