Alpha Motor Inn Business For Sale
Palmerston North, New Zealand



Affordable accommodation for everyone

Palmerston North is an attractive tree-lined city in the heart of the Manawatu.

The city is an important service centre for the prosperous agricultural industries of the Manawatu, with banking, accounting, legal and trade services. The city is also renowned as a centre of educational excellence with secondary and tertiary education facilities that attract thousands students from New Zealand and from all over the world.

Palmerston North with its International Airport, train, and bus services is an important regional hub for transport services. The city is located on the banks of the Manawatu River and offers tourists much to see and do, including splendid parks like the Esplanade, the interactive Science Centre, the New Zealand Rugby Museum, and World Championship stock car races.

The Alpha Motor Inn is a long established motel in the heart of the city:

• Centrally located and only 5 minutes walk to the Square and city centre.
• Steak Out Restaurant and Bar adjacent to the motel.
• RSA hospitality only one minute walk away.
• Doctors, pharmacy, shops, churches, banks and supermarket all within easy walking distance.

One of three accommodation blocks making up Alpha Motor Inn

Alpha Motor Inn has come on to the market as a going concern business with an excellent leasehold. The motel is one of the larger motels in Palmerston North and is popular with Company Representatives, tourists, travellers, and local workers. About 80% of guests are regulars with one New Zealand company booking over 800 units per year.

This well-positioned, well-maintained Motor Inn would ideally suit a husband and wife partnership who have hospitality and managerial skills to run a large and successful accommodation business.

3 Star Plus Motor Inn ideally located in central Palmerston North

Alpha Motor Inn offers 39 units in a variety of configurations that provide a total of 100 accommodation beds in three separate buildings:

Block A

• 8 x Studio Units, with self-contained kitchen, sleeping 1-4 persons.
• 8 x Studio Units, with tea and coffee facilities, sleeping 1-4 persons.

Studio Unit with self-contained kitchen and ensuite bathroom

Block B

• 2 x Family Units, with self-contained kitchen sleeping up to 5 persons.
• 3 x Studio Units, with self-contained kitchen, sleeping 1-3 persons.
• 3 x Studio Units, with tea and coffee facilities, sleeping 1-3 persons.

Block C

• 2 x One bedroom Units, with self-contained kitchen, sleeping 1-3 persons.
• 3 x Two Bedroom Units, with self-contained kitchen, sleeping up to 5 persons.
• 5 x Studio Units, with self-contained kitchen, sleeping 1-3 persons.
• 5 x Studio Units, with tea and coffee facilities, sleeping 1-3 persons.

Unit appointments vary with room type and may include:

• Kitchen - with microwave oven, refrigerator, toaster, crockery and cutlery and dining table and chairs. Some have bench-top hot plates and some have stoves with an oven.
• Separate bathroom - with vanities, most with a shower over a bath, and most with separate toilet. Two of the one bedroom units have a spa bath and two studio units have bathrooms with Access Facilities.
• Bedding - single beds, queen sized beds, electric blankets, quality bedspreads.
• Furnishings - lounge chairs and sofas, coffee table, digital television with 11 channels (including 4 SKY channels), clock radio, electric heating.

Self-contained kitchen with full electric stove

Leasehold premises

Alpha Motor Inn trades from leasehold premises (3781 square metres) at 227 Broadway Avenue. This is a highly visible site on the corner of Broadway and Victoria Avenues - Broadway is one of the main streets running into the central city Square while Victoria is a main cross-town Avenue.

The complex comprises three separate 2-storey motel buildings (Block A, B, and C) and an Owner/Manager building. The 2-storey Owner/Manager Building includes reception, office, motel kitchen and private living quarters.

Lease
The lease is for 20 years from February 1999 with a further 10 years right of renewal. Rent reviews are every two years.

Motel Buildings
The buildings date from the late 1970’s and are constructed of concrete block walls on concrete floors with long-run roofing iron and aluminium exterior joinery. Some exterior walls are clad in timber. Interior walls are painted and stairs are easy to negotiate. Floor coverings are a mix of carpet and vinyl.

There is a generous vehicle entrance way from Victoria Street and good parking outside units. The whole site is brought together by the clever use of small areas of lawn, specimen trees and flowering plants.

Motel Laundry
The on-site laundry has two Maytag washers, Cissell industrial drier, hot water from two gas heaters and a big storeroom with shelving for clean laundry. There are laundry cupboards in each Motel block.

Reception and Office
The check-in reception has counter, work station, computer, printer, office equipment, phone tracker, and Eftpos terminal. There is a separate office adjoining.

Motel Kitchen:
The kitchen is adjacent to Reception and comprises a well laid-out work room and storeroom with good bench space, cupboards, shelving, refrigerator-freezer, top element stove, dishwasher, Zip hot water, electric frying pans, crockery, and cutlery.

Owner/Manager accommodation
The owner/manager residence fronts on to tree-lined Victoria Avenue. There are three generous bedrooms upstairs (with wardrobes) plus bathroom (bath, separate shower, vanity) and toilet. Upstairs rooms look out over both Victoria Street and the Motor Inn complex.

Owner/Manager accommodation building with private courtyard

The downstairs area is an open plan kitchen-lounge-dining room that leads out to private lawn and garden and there is another toilet. The kitchen has a 4-element electric stove, wooden cupboard joinery and a pantry.There is a carport for the owner's car.

Assets being sold

A detailed chattels list is available.

Day to day management

Business Hours:
Monday to Friday – 7.30 am to 9.00 pm.
Weekend – 8.00 am to 9.00 pm.

Staff:
The Motor Inn is operated by the owner with assistance fro 5 part-time staff.

Stock:
Wet and dry stock will total about $3000.

Advertising and Promotion:
The business advertises via building and street-side signage, a listing in Yellow Pages, advertisements in Travel Guides, and through its web site http://www.alphamotorinn.co.nz with enquiry form.

Call Henk on +64 6 357 1129 (day) or +64 (0) 27 357 1129 (evenings)

Palmerston North

Palmerston North is New Zealand's eleventh largest city with a population of 78,000. The Manawatu-Wanganui area that surrounds Palmerston North exceeds 230,000 people. Manawatu is a rich agricultural area and sheep, beef, dairying and deer farming predominate.

The city has excellent shopping based around the "Square" with its gardens and stately trees. Getting around Palmerston North by car or bicycle is easy because the city is primarily flat land and is organised along major roads that radiate out from the Square.

Palmerston North is famous for its educational and science facilities including Massey University, Polytechnics, allied Teaching Centres, and Crown Research Institutes. The city is also well served by excellent primary and secondary schools, many with long and famous histories.

For more information on Palmerston North, click on:

http://www.cityofpalmerstonnorth.co.nz/
http://www.palmy.net.nz/
http://en.wikipedia.org/wiki/Palmerston_North
http://www.pncc.govt.nz/
http://www.manawatunz.co.nz/
http://palmerstonnorth.massey.ac.nz/
http://www.pnairport.co.nz/
http://www.pnspeedway.co.nz/
http://www.rugbymuseum.co.nz/
http://www.pnbhs.school.nz