140 Ferguson Street, West End, Palmerston North

Property Brokers are pleased to bring to market, an exciting business lease opportunity, the Bella Vista motel in Palmerston Norths West End. Only a short distance from the iconic city centre, "The Square" and numerous theatres, cinema complexes and a plethora of cafes, eateries and premium quality restaurants. Bella Vista, a Qualmark Four-star motel has eighteen immaculate accommodation units, a conference suite for up to thirty people theatre style, including a fully equipped kitchen, two accessibility suites and plenty of onsite parking. Consistent with the motel industry in Palmerston North the motel is not reliant to any great extent on tourism. Clients are predominantly corporate guests, contractors, family visitors and now with the events and sports scene in Palmerston North back in full swing we once again are experiencing motel room shortages across the sector with high occupancy and therefore high room rates in Palmerston North. What a great time to buy into a motel business in this city.

By Negotiation

This is an excellent opportunity to purchase multiple investment properties or a home, plus investment property in one go! A brand spanking new three-bedroom, two-bathroom town house and a block of three units containing 1x two-bedroom, one-bathroom unit and 2x one-bedroom, one-bathroom units. Very seldom do we see such a great investment property, very well and centrally situated, spread across two separate titles. The first title (171 Park Road) sits on a 480m2 section, encompassing immaculately manicured grounds and a brand-new brick 128m2 three-bedroom townhouse featuring two-bathrooms, open plan kitchen/dining/living with top-of-the-line Bosch appliances throughout. Handmade drapes, centralised heat-pump unit, plus wall and ceiling insulation to ensure comfort throughout every season. Boasting an internal access carpeted single garage, plus additional off-street parking. This property is currently vacant but has an estimated rental appraisal of $630 - 680 per week. The second title (173/4 Park Road) sits on a 643m2 section, encompassing a 186m2 block, with off-street parking, broken down into three separate brick units - 1x two-bedroom, one-bathroom unit and x2 one-bedroom, one-bathroom units. All boasting heat pumps, ceiling, and some wall insulation, and are Healthy Homes Compliant. The rear one-bedroom, one-bathroom unit has just had face-lift boasting a brand-new kitchen, and brand-new bathroom, finished to an immaculate standard. All three units are currently tenanted with amazing long-term tenants that would love to stay on, with a current net rent for all three of $750 per week - consider this figure as a starting point. This is smart buying - take the thinking out of your next investment move and call me today to discuss this excellent opportunity further!

By Negotiation

We've found a fantastic home, full of charm for those who are wanting to get on the property ladder or get into their next DIY project. With the lovely street appeal, this three-bedroom home features a large open-plan kitchen, dining, and living, the freshly painted kitchen and adjoining laundry are sure to impress. There are two spacious bedrooms plus a single bedroom/office. The home is heated by a heat pump and there is an HRV system in place. Outside, the yard is secure for children and pets plus is a great space to enjoy the summer months ahead. Drive on access to a double garage with a car pit and storage - this property sure ticks all the boxes.

Buyers $395,000+