Summary
- Property Type
- Business
- Contract Type
- For Sale
- Location
- Cheltenham
- State
- Manawatu / Whanganui
- Price
- $2,750,000
- Category
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FHGC Motel | CBD Position | Income + Upside
$2,750,000
Cheltenham, Manawatu / Whanganui
FHGC Motel | CBD Position | Income + Upside
Legends Motel presents a well-established freehold going concern opportunity in the Palmerston North CBD, offering both secure income and underlying land and building value in a tightly held central location. Set on approximately 889 square metres, the property is positioned just minutes’ walk from the city centre, supporting consistent demand from both corporate and leisure guests.The business is performing well, with consistent year-on-year trading and a stable mix of corporate and repeat clientele. It provides an establishedincome base for an incoming owner, while also offering clear upside through improved tariff management, increased online presence, and further optimisation of occupancy levels.
The improvementscomprisea two-level complex of 12 large studio units, well configured for short and longer-stay accommodation. The layout is practical and efficient, supporting ease of operation. A spacious 3-bedroom, 2-bathroom manager’s residence is also included, providing comfortable on-site living and reinforcing the appeal for owner-operators.
Key features:
• Freehold going concern - land,buildingsand established business in one
• 889 square metres of CBD land with a two-level motel complex
• 12large studio units suited to corporate and short-stay guests
• Proven trading history with repeat clientele
• Straightforward operation with established systems in place
• Scope to grow revenue through tariff and occupancy optimisation
This is a well-located, proven accommodation asset combining income,lifestyleand future growth potential in a stable regional market. Opportunities of this nature, particularly within a CBD setting, remain tightly held.
Secure your future today. Contact Gordonto arrange a private inspection and receive further info.
Gordon Fridge,+64 22 156 9330, gordon.fridge@linkbusiness.co.nz
*Please refer to the LINKwebsite for full disclaimers.
Ref: BOP00958
Timestamp: 20260402024503
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Last updated: 2nd April 2026
Agency
LINK | Bay of Plenty
Contact
Gordon Fridge
LINK | Bay of Plenty- +64 7....
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