374 Tremaine Avenue, Takaro, Palmerston North

5%,10%, 15%, 20% return on investment, you choose!

Fantastic opportunity to purchase the 'Acacia Motel', offered for sale as a freehold going concern. The motel is currently operating as emergency housing to WINZ clients.

•100% occupancy
•Previous 12 month turnover $297,000 gross.
•6 units - 3 one bedroom and 3 studio units
•Managers residence - 2 bedrooms, 2 bathrooms plus office
•Three single garages plus store room
•Land area 1412sqm (more or less)

Palmerston North has a growing demand for housing, both short and long term accommodation. These units are located within easy access to arterial routes and the City Centre.

Secure your 2021 and beyond.

For sale by Auction (unless sold prior)
11am, Monday 14th December 2020
(Bayleys, 243 Broadway Avenue, Palmerston North)