Palmerston North / Manawatu

Palmerston North - $1,160,000

Web Ref #35974
Share

Particulars

Address:
Palmerston North
Price:
$1,160,000
Listing ID:
35974
Category:
Accommodation

Character Property Meets Business Opportunity

Penny's Accommodation isn't just a business , it's a gem with history, heart, and immense potential. After 30 successful years in operation, this long standing establishment has transformed from a bed and breakfast into a hassle free accommodation model that practically runs itself, with forward bookings through to 2026.

Key Features:
• This is a true turnkey opportunity with multiple avenues for future development.
• Land area: 874m2 (Freehold title), Dwelling size: 273m² character over two levels
• 8 bedrooms in total 4 large double bedrooms upstairs with additional bedrooms downstairs
• Office space for administration or management, Drive on access and 10 off-street parking spaces
• Strategic location in a sought-after area
• 2 full shower bathrooms (upstairs and downstairs), 4 toilets
• Private outdoor areas with potential for further landscaping or development
• Landbank — redevelop, or repurpose, the zoning supports both residential and commercial
• Well-maintained, clean, and presented to a high standard

Whether you're a hands-on operator, lifestyle buyer, or investor seeking long-term capital value Penny's Accommodation is a rare find. Get in touch to learn more!

Price $1,160,000

Contact Joanna - 021 066 2457 or email joannao@abcbusiness.co.nz.

For further information regarding this sale, please complete our online confidentiality agreement. Copy and paste this link into your browser:www.ds4u.cc/abc?ref=35974
Click here to complete a Confidentiality Agreement

Particulars

Address:
Palmerston North
Price:
$1,160,000
Listing ID:
35974
Category:
Accommodation

Similar Listings

Manawatu
#35696
Well Established Motel - Lifestyle & Income
Here's a fantastic opportunity for a lifestyle change and the chance to be your own boss in the comfort of your own...
Divisions