West End

ID BC101274

Avenue Motel Palmerston North

Property Brokers are pleased to bring to market an exciting Business Lease opportunity, 'Avenue Motel' at 116 Fitzherbert Avenue, Palmerston North. The motel is in a superb spot, set back off one of the city's busiest thoroughfares Fitzherbert Avenue, thus creating a quiet peaceful location, a short walk from 'Te Marae o Hine', Palmerston Norths 'The Square' and 'The Plaza', the lower North Island's premium shopping destination. The city CBD, just a short distance away has seen substantial redevelopment over recent years and now consists of upmarket commercial businesses mixed with new local and national government offices, fantastic medical facilities and an eclectic mix of quality eateries and bars, with the 'Regent Theatre' and two superb cinema complexes, creating a recipe for an exciting and vibrant area to run your business. Avenue Motel, consists of a range of 13 Studio, one-bedroom and two-bedroom family units, (two-bedroom units with private spa pool), enabling the business to cover a wide range of clients from corporate business, couples, families, work crews and teams. Palmerston North and the wider Manawatu has a pipeline of investment over the next ten years to the value of some four billion or more, from a moteliers business perspective this factor, the busy often frenetic events and sporting calendar together with a large corporate requirement contribute to what is sure to be an ongoing shortage of short-term accommodation. Avenue Motel can be managed by a single person and for your family includes a three-bedroom home and a private enclosed garden. Some details are confidential and can only be disclosed upon completion of a confidentiality agreement. The business is marketed as "price by negotiation" and we welcome your inquiry. Check out the Avenue Motel at - avenuemotel.co.nz.
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