Palm Court Motel $725,000plus GST (if any)

ONLY ONE OF TWO IN TOWN

Yes, there are only two motels in Otorohanga. Nearly a monopoly. That’s why the vendors have been there since 2019. Reluctantly, due to a change in personal circumstances, the vendors are selling - an opportunity for first-time moteliers to start on the motel ladder.

Palm Court Motel offers a home-away-from-home comfort in the King Country. Stay at Otorohanga offers visitors the gateway to the local attractions such as the world-famous Waitomo Glowworms & Caves and Black Water Rafting.

Palm Motel is strategically located on the main arterial route and at a prime corner site near the main shopping area. It is only a short walk to Woolworths supermarket, McDonalds, cafes and takeaways.

If you're planning to venture into the motel industry, Palm Court Motel will be a good starting point. With 12 units, a husband-and-wife team will manage it with ease.

Lease term: To 13 August 2043

The motel consists of 12 units:

• 7 x Studio units
• 4 x One Bedroom units
• 1 x Two Bedroom unit

Other facilities:

• Motel kitchen
• EV charging station
• Private courtyard for downstairs units
• Heat pump in all units

Owner’s Accommodation:

The accommodation consists of three double bedrooms and a small lounge room upstairs. The lounge, dining and kitchen are downstairs. The living area downstairs flows out to a private courtyard.

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Disclaimer: The information on the website and associated documents has been provided by third parties and while every care has been taken in the preparation, we do not accept any responsibility for the accuracy of the whole or any part. Interested parties are advised to make their own enquiries and satisfy themselves in all respects.