Braemar Motor Lodge business for sale in Palmerston North
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Braemar Motor Lodge business for sale in Palmerston North
The business of Braemar Motor Lodge is for sale by Resort Brokers New Zealand offering a modern 20 unit complex with the lease expiring in 2044.
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Resort Brokers NZBraemar Motor Lodge business for sale in Palmerston North -
Resort Brokers NZBraemar Motor Lodge business for sale in Palmerston North -
Resort Brokers NZBraemar Motor Lodge business for sale in Palmerston North -
Resort Brokers NZBraemar Motor Lodge business for sale in Palmerston North
The Modern 20 unit, single level, motel in Palmerston North features 13 studios, 6 one bedroom units and 1 two bedroom unit.
The owners home consists of four bedrooms, two bathrooms, an internal garage and carport plus a private courtyard area as well as sixteen of the units having spa baths which are popular with the guests.
The lease expires in 2044 - 35 years from November 2002 plus a 7 year extension to the lease. The current rent is $145,000 plus GST per annum and the next rent review is not until October 2021.
The motel benefits by being located close to the Palmerston North Hospital, on the same street.
The motel business is trading consistently well with clientele a mixture of corporates, hospital staff and the general public.
Click here to view the listing on the Resort Brokers NZ website.
To discuss the sale in further detail contact Paul Sanson of Resort Brokers New Zealand via the below details.
See also:
Wellington's Halswell Lodge for sale
