305/307 Fitzherbert Avenue, West End, Palmerston North

By Negotiation

2,423m2

Land Area

866m2

Floor Area

+14

+13

Freehold property known as ‘Esplanade Motel"

Situated in the highly sought-after Fitzherbert Avenue opposite Victoria Esplanade, on offer is the freehold property currently tenanted until 2041. The motel consists of 12 units plus a super-sized detached Conference Suite for up to approximately 24 persons, Boardroom style or up to 50 persons Theatre style, plus toilet facilities. The managers' accommodation consists of a three-bedroom house, a commercial kitchen not currently registered. Three bedrooms, two bathrooms and a separate lounge and dining room. Land Area is 2,423 m2 more or less. Building area is 866m2 more or less. Rating Values as at 1st September 2024 are CV $2,720,000, Land Value $1,790,000, Improvement Value $930,000, source QV. For sale price by negotiation.

305/307 Fitzherbert Avenue, West End, Palmerston North

Web ID

BC216606

Floor area

866m2

Land area

2,423m2

District rates

$33,515.92pa

Regional rates

$2,376.91pa

LV

$1,790,000

RV

$2,720,000

By Negotiation
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Bernard Linsley

Bernard Linsley

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BC216606

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$299,000 + GST (if any)

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