Aspree Motor Inn, Motel

Property Brokers present for sale the business of Aspree Motor Inn at 700 Main Street, Palmerston North. With 42 recently refurbished units, this motel business benefits from high revenues and an exceptional net profit. The customer profile includes a high percentage of corporate guests, followed by contractors, truck drivers, and teams. With its close proximity to the heart of Palmerston North with its many eateries and bars and further benefiting from an onsite restaurant (a separate business), the occupancy rate is exceptional. With a 38 year lease to April 2061, a new owner will benefit from long-term ownership and potential not only for a great income but also the opportunity for a future on sale of the business with a significant lease in place. Sale, price by negotiation

Agency reference #: BC167857