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For Sale

Deadline Private Treaty 7th Jul 2022 16:00:00 (Unless sold prior)

Colliers present to the market for sale 120-122 Fitzherbert Avenue in Palmerston North.

The Rose City Motel is a well established accommodation provider located on Fitzherbert Avenue, well regarded as Palmerston North City's 'Hotel/Motel Strip.'

The property has consistently ranked as a top performing motel in the city.

The motel is situated on a 3,042m² parcel of land with 26 accommodation units, recreation centre and large on-site car park.

There is currently a 30 year lease in place from 31 January 2012 however the tenant has requested a 10 year extension, making this the ideal opportunity to secure a long term, bottom drawer, passive investment with a 30 year term now to 2052.

The property is offered For Sale by Deadline closing Thursday 7 July 2022 at 4pm (unless sold prior).

Call the Colliers team today for further information.



Ref #: 20994703