Newsflash!

Very Motivated Vendors request action, price now $290,000 (or offers) for this leasehold business situated in the main Motel strip of Gladstone Road, Gisborne.

B-Ks Palm Court Motor Lodge is for sale as a Leasehold Interest in Gisborne. The motel is a fine example of a Qualmark 4 Star rating with good claims for a 4.5 star rating. The high quality accommodation with modern fixtures and fittings is ideal for the variety of discerning travellers including corporates.

B-Ks Palm Court Motor Lodge has the following features :-

15 spacious self-contained ground floor units-

Delux Spa bath Studios Units

Delux 1 bedroom Spa Units

Family uits with interconnecting door

Executive units

Kitchen and dining facilities in most units

Ample off street parking and colourful mature gardens

Extensive Chattel List including new 32 inch flat screen TV's and new bedding

Low Maintenance Motel

Commercial kitchen

Guest laundry

Member of Host and Golden Chain

B-Ks Group Loyalty Card System.

The owners accommodation is a very tastefully decorated modern home with large 3 double bedrooms, spacious lounge and open plan kitchen ( See Photos).

The new owners will immediately appreciate this attractive property, its future potential and at the same time enjoy building a successful business. The business will attract purchasers who have experienced working in the Tourism Market as well as newcomers to the industry.

 

The Lease:

The current lease is due to expire in 9 years (in 2024) at which stage renovations / upgrades are planned by the landlord.

These renovations can happen progressively from 2022 (starting 2 years prior to expiry of the current lease)& can be comp