Superb location - Prime redevelopment

308 and 310, Lake Terrace, Town Centre, Taupo

Tender

Proposed Usage
Hotel & Leisure
Floor Area
500.00 m²
Land Area
2015.00 m²
Description:
Property ID
1bzm4jh

- Two Freehold properties just across the road from the lake edge in Two Mile Bay
- Currently run as a Motel operation
- Total net rental $78,000 pa plus GST for both properties
- Total land area 2015m2 (more or less) for both properties
- Superb location with huge potential for future redevelopment

An extremely rare opportunity to secure two adjoining freehold properties in such a prime location, just across the road from the waters edge in two mile bay.

308 Lake Terrace has a land area of 1004m2 (more or less) with a two bedroom home plus a two bedroom cottage at the rear of the site.

310 Lake Terrace has a land area of 1011m2 (more or less). This property has two bedroom owners accommodation with lake views from the first floor, three studio units, three one bedroom units, spa room and guest laundry.

Both properties are run in conjunction as Accent On Taupo Lodge and back onto an extensive council reserve area.

There is a clause in the lease agreement allowing termination rights for redevelopment purposes giving the landlord the flexibility to either continue with the current lease arrangement and hold as a passive investment or exercise the clause and redevelop this prime site.

Tenders close 12pm, Wednesday 25 October 2017 (unless sold prior)
44 Roberts Street, Taupo

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Town Centre Area