167 Fitzherbert Avenue, West End, Palmerston North
By Negotiation
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The business of Ambassador Motel
This sale is for the business only and is a humdinger of an opportunity! The current owner is overseas and says 'Sell Now' we ain't coming back! So in brief there are 14 units, a three-bed house and extensive grounds of 3089m2 more or less. With approximately 9 years left on the lease and some TLC required this is an opportunity to get into the industry at a price point to make your eyes water. Call or email me for more information, but be quick this business has got to be sold now!
167 Fitzherbert Avenue, West End, Palmerston North
Web ID
BC219446
By Negotiation
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Once home to the well-known Oderings Nursery, this substantial freehold site offers flexibility in one of Palmerston North's residential zoned mix use locations. Whether you're a land banker, investor, developer, or business operator, the possibilities are expansive. • Prime 4,393m2 (more or less) freehold site • Zoning - Residential with Commercial Category - retail • Dual access from both Cook Street and College Streets • Multiple on-site car parks - a rare commercial advantage • Existing retail shop and warehouse 931m2 (more or less) - well-suited for existing commercial use • Redevelopment potential - explore multi-unit residential, mixed-use, or a high-profile commercial venture (subject to council consent) • On two titles sold as one • Will not be sold prior Opportunities like this don't come often. Call today to explore the potential. Disclosures exist.
By Negotiation
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.
By Negotiation
This is a unique opportunity as both the freeholder and the leaseholder wish to sell. With both sets of vendors now retiring. One is selling their property and the other the motel business. There is a deal to be done here for anyone wishing to purchase an excellent freehold motel on a substantial section of 3089m2 (more or less). In an outstanding location close to the city centre. Call or email me, as this one seriously warrants a discussion now!
By Negotiation
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