A rare opportunity to buy such a large parcel of land only minutes from Taupo's CBD has now presented itself. Currently operating as a motel until December 2041, at which point this land would make a great development site for multiple townhouses or by then possibly other high density developments? Only a stone throw from the busy Spa Road which is already starting to progress into a main thoroughfare and commercial area. Land bank now, receive a small return on investment in the meantime and then develop it in 20 years to make a small fortune to assist with your retirement plans? Safe investing and land banking I guess you could say.
This Motel consists of 16 Motel rooms, 18 Cabins, 40 car parks, kids play area, BBQ area, toilet block, guest laundry room, communal kitchen, reception area, managers 3 bedroom home with single garage.
Lease expires 31st December 2041
Rent review every 2 years
Current yearly Income from lease $120,000 plus Gst
Land Area: 4046m2 on 2 titles
Floor Area: 630m2
2022 RV $2,420,000
VIEWINGS BY APPOINTMENT ONLY!
For more information or to arrange a private tour please contact:
Gavin 027 249 8689
Sharni 027 255 5842
Keeping it 'REAL' in Real Estate!
