9-17 Ranfurly Street, Hokowhitu, Palmerston North
By Negotiation
2,961m2
1,465m2
Baxters accommodation - a turnkey investment
An exceptional opportunity to purchase a well-established accommodation business as a going concern, including the land, buildings and business in its entirety. Located in the heart of the central North Island, Palmerston North benefits from its proximity to Massey University, UCOL, Palmerston North Hospital, Linton Military Camp and RNZAF Base Ohakea, providing a consistent demand for independent student and contract worker accommodation. A prime central location. Baxters is a independent student and contract worker accommodation situated at 9-17 Ranfurly Street, Palmerston North, just 50 metres from The Plaza and south of The Square. Property Highlights · 55 rooms comprising single studios and double rooms. · Near-full occupancy, demonstrating strong demand for the accommodation. · Fully equipped rooms with ensuite bathrooms, Wi-Fi and electricity included. · Convenient parking with off-street car parks. · Communal facilities including kitchens, lounges and dining areas. · On-site management to support the day-to-day operation. · 2026 Financial total income of $540,000 · Established business with a proven track record Operating since 2013, Baxters has an established presence in the Palmerston North accommodation market, catering to tertiary students, particularly those studying at Massey University, as well as medium - and long-term contract workers. The property offers a social, relaxed and welcoming environment, with a strong sense of community that distinguishes it from other accommodation options in the city. With its established operating history, diverse target market and central location, Baxters presents an exciting opportunity for investors or owner-operators seeking to acquire a well-established accommodation business. For further information on this exciting opportunity, contact Property Brokers today.
9-17 Ranfurly Street, Hokowhitu, Palmerston North
Web ID
BC237696
Floor area
1,465m2
Land area
2,961m2
District rates
$57,246.56 pa
Regional rates
$3,268.80 pa
LV
$1,570,000
RV
$4,080,000
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