31 Victoria Avenue, Palmerston North
price TBC
Superbly located long lease motel
Property Brokers are pleased to bring to market an exciting Business Lease Opportunity - the Alpha Motor Inn at 31 Victoria Avenue, Palmerston North. It really doesn't get much better than this! The motel is in a superb location within central Palmerston North's exciting and vibrant commercial hub, close to 'Te Marae o Hine' - The Square. The area has seen substantial redevelopment over recent years and now consists of up market commercial businesses mixed with new local and national government offices, fantastic medical facilities and an eclectic mix of quality eateries and bars, thus creating a recipe for an exciting and vibrant area to run your business. Alpha Motor Inn attracts clients from far and wide and being consistent with the motel industry in Palmerston North is not reliant to any great extent on tourism. Clients are predominantly business people coming to the city for work, government employees, health professionals, those in the transport and construction industries and of course the thousands of people that come to the many national events held in the City. The Deal •The Business Lease is for 30 Years as from the 1st August 2020, with one right of renewal for a further 12 years. The current owners are now looking to retire thereby enabling an amazing opportunity for someone to step into a fantastic business opportunity over the coming years. •Alpha Motor Inn has 20 units consisting of studios, one bed and two bed units. •There are 21 car parks available plus plenty of street parking also. Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement. The lease is marketed 'Price By Negotiation' and we welcome your inquiry.
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If you're in the market for a property that can provide both a residence and a potential source of rental income, then this is the one for you. With its central location and 647m2 (approx) of land, it offers a fantastic opportunity for buyers looking for a home and income investment. The main residence is a comfortable home that features two generous bedrooms, one bathroom and a large living area. In addition to the main residence, there is also a two bedroom rental attached to the main house, providing an opportunity for rental income or additional accommodation for family members. The property's potential for personalisation and improvement means that it is an excellent opportunity for buyers who are looking for a long-term investment that can grow in value over time. Whether you are looking to create your dream home or generate income through rental properties, this property offers a flexible and customisable option that can meet your needs. The property's location is a significant selling point, with a two minute walk to the Plaza, the center of town and zoned for great schools. This central location makes it an attractive option for renters, increasing the potential for rental income. If you're interested in learning more about this property, don't hesitate to get in touch with me. Don't delay - call today.
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By Negotiation
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