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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