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The Cove

$875,000

Business Central Plateau

ID: 1638

The Cove on the Lake

Property Name:
The Cove
Address:
213 Lake Terrace, Taupo
Property Type:
Motels
Sale Type:
Business
Price:
$875,000 
Region:
Central Plateau
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Wayne Keene

Wayne Keene

Director | BOP, Coromandel, Auckland CBD

M: +64 21 666 991

wayne[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • Exclusive location on the lakefront of Lake Taupo
  • Boutique hotel accommodation
  • New 30 year lease
  • Extensively renovated over the last few years
  • Growing business ready for a new owner to take to the next level

 

Wayne Keene

Director | BOP, Coromandel, Auckland CBD

Contact Agent

Wayne Keene

Mob: +64 21 666 991

Phone: +64 9 369 9702

Email: wayne[at]resortbrokers[dot]co[dot]nz

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Lake Front Premium Accommodation In Taupo

The Cove is an exciting property located directly on the shores of stunning Lake Taupo and approximately 2.5km from the central business district.

The property has always been a landmark building due to its unique design. Almost all of the rooms enjoy the afternoon sun with views across the lake to Acacia Bay.

The business on offer consists of 17 rooms and made up as follows.

  • 12 x one bedroom spa suites – all have a private balcony and a thermally heated spa pool with views across the lake
  • 1 x executive suite – approximately 100m2
  • 4 x studio rooms

The Cove enjoys the benefit of Thermal heating throughout by way of a heat exchanger so a significant energy saver and draw card.

The Cove was completely refurbished in 2014 by the current owners and as a result they are now seeing the benefit.
The very front of the property was also redeveloped into a café now known as “Espresso Cove”. The café is operated independently and offers breakfast and lunches through to 3pm.

The Cove can offer a range of accommodation to suit both corporate and family clientele.

What’s for sale?

The business only – (The Chattels, Goodwill and Benefit of the Lease Term)

Taupo

Taupo is truly a great part of the country and a popular destination for both domestic and international tourists looking to enjoy what only Taupo can offer.
Boasting two of the countries golf courses rated in the top 5, spectacular trout fishing and winter skiing just over an hour away this is an excellent all round destination. Taupo also enjoys many events but the most famous must be the Iron Man, which was established in 1999.

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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Wayne Keene

Wayne Keene

Director | BOP, Coromandel, Auckland CBD

M: +64 21 666 991

wayne[at]resortbrokers[dot]co[dot]nz

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