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364 Oxford Street, Levin, Horowhenua, Manawatu-Wanganui, 0 Bedrooms, 0 Bathrooms, Hotel Motel Leisure
Sold

By Negotiation

364 Oxford Street, Levin, Horowhenua, Manawatu-Wanganui

7
331m2
1150m2
$2,971/Monthly repayments
Based on estimate value

We have the perfect opportunity for an investor or business operator to secure this land and building opportunity in sunny Levin.

It's currently operating as a motel with an established motel manager so you can continue a similar operation or decide to operate oneself. Either way, if you have the passion, you'll reap the financial benefits.

Levin is surrounded by many businesses, retirement villages, farms, factories and other primary industries so there's lots of accommodation demand. If you are a business currently paying high motel rates, then this could be a great investment. Other revenue streams have included longer term accommodation for insurance needs, seasonal workers and emergency housing.

Located on the main road of Levin close to restaurants, shops and amenities, the Motel provides convenient accommodation to all its guests and has on-site parking for all rooms. With the opening of Transmission Gully, Levin is a faster commute and a popular location to stop. It's renown for sporting and other events and often provides accommodation for Palmerston North's event overflow.

Featuring spacious studio rooms x 4 and 1-bedroom with full kitchen rooms x 2 - all are a good size and have great occupancy (currently operating from Booking.com). There is also a 2-bedroom plus study manager's residence currently rented to the on-site manager. This connects to the reception and laundry and the garage is also onsite.

The owner previously leased the motel at $70,000 per annum plus costs but with the operator moved overseas, this is now the perfect time to grab this opportunity and maximise its potential earnings.

As this is a fully operational motel, viewing the premises is strictly by appointment only - please do not visit the property. To make it easier we can take you on a video walk through online and discuss opportunities further.

Contact William YIP, 021 106 9997 to discuss your plans and we'll do our best to help you with this property.

Estimate update: 2024 05Data Disclaimer
Due to limited data samples, we are unable to provide estimating information for this property

Property history

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For developers

Unitary plan:-
Land:1150m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone

Mortgage

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Last update:2023-05-30 10:01:22