A high-profile, multi-level lakefront motel in central Taupo is being presented to the market.
Located on a prominent corner site at 84 Lake Terrace, the Tui Oaks Motel Taupo has 18 accommodation units for guests with a dedicated two-bedroom manager’s quarters. There is approximately 1,240sq m of total floor area at the property on a 2,008sq m landholding.
The motel includes a BBQ area, function room with BYO bar facilities, a commercial kitchen, conference room, and laundry facilities. There is ample on-site car parking.
Sitting only 700m from downtown Taupo, the motel offers convenient access to a range of popular local amenities, including hospitality and shopping options.
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The motel overlooks one of Taupo’s most popular swimming spots and guests can enjoy panoramic views of the lake and the world-renowned Tongariro National Park.
With 40m of road frontage to Lake Terrace and 70m of exposure to Tui Street, the property sees nearly 15,000 vehicle movements per day.
Under the Taupo District Council’s District Plan the property is in a High Density Residential zone. High Density areas are predominately residential in character and amenity but can contain a greater variety of activities.
Colliers Brokers Danny Blair and Hugh Milloy have been exclusively appointed to market the property for sale by deadline private treaty closing at 4pm on Thursday 1 December.
Originally constructed in 1973, of the 18 units on-site, seven are self-contained studio units, and there are 11 one-bedroom offerings that vary in size with a mixture of king, queen, and single beds.
The motel comfortably caters to the requirements of corporate groups, tourists, couples, and families. There is lift access to all levels within the complex and there is also storage capacity for bikes and ski equipment.
Blair, Director at Colliers Hawke’s Bay, says this highly visible motel represents an outstanding investment opportunity.
“With Lake Taupo on the doorstep, Tui Oaks Motel Taupo is a perfect property for a wide range of purchasers, including parties looking to own and operate an accommodation asset or for people who are simply after a lifestyle change,” Blair says.
“Alternatively, the property can easily be operated by a manager on behalf of a passive investor.
“There is also scope for the new owner to reposition or develop the property in the future to maximise the true value of the site given its highly desirable location.”
Milloy, Investment Sales Broker at Colliers Taupo, says the area is appealing for domestic and international travellers, which contributes to the ongoing demand for functional accommodation options in Taupo.
“The region is one of New Zealand’s top tourist destinations with beautiful forests, volcanic mountains, and the stunning lake. It is the adventure capital of the North Island with jetboating, bungy jumping, mountain biking, snow activities in winter, and sky diving on offer,” Milloy says.
“Visitors can experience the raw beauty of the dual World Heritage area of Tongariro National Park on one of its many walks or simply relax in one of the region’s geothermal hot springs.
“Taupo is an adventure and sporting mecca that serves as a nature-lover’s paradise, while the nearby Huka Falls is the most-visited natural attraction in New Zealand."
- Article supplied by Colliers
