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The Cove

$940,000

Business Central Plateau

ID: 1768

The Cove

Property Name:
The Cove
Address:
213 Lake Terrace, Taupo
Property Type:
Motels
Sale Type:
Business
Price:
$940,000 
Region:
Central Plateau
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Wayne Keene

Wayne Keene

Director | Taupo and Central Auckland

M: +64 21 666 991

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

Reasons to buy

  • High profile corner site on Lake Terrace
  • Timeless design and long lease expires 2047
  • Geothermally heated hot water servicing private spas and all hot water

 

Wayne Keene

Director | Taupo and Central Auckland

Contact Agents

Wayne Keene

Mob: +64 21 666 991

Phone: +64 9 369 9702

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

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Brent Hannah

Broker | Hawkes Bay, Gisborne & Wellington

Brent Hannah

Mob: +64 21 359 678

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

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The current Lessees are now heading into their 3rd year since taking over in April 2017.  They have enjoyed a good level of business implementing their own systems and seeing some growth as a result of maintaining the goodwill with existing and new clientele.

The Cove is a wonderful property in an exclusive location with exceptional street appeal.  It is a unique offering with a somewhat boutique hotel feeling rather than that of a motel.  The rooms are very generous in size and extremely well presented giving you that added advantage over your competitors.

 

The business is operating 17 rooms to a high standard and made up as follows:

Studio Rooms

All are located on the eastern side of the building on the first floor. They are equipped with queen or super-king beds and are very popular with leisure and business guests.

Spa Suites

12 spa suites, located on the western part of the building with 6 on the ground floor and 6 on the first floor. They enjoy private balconies which include geothermally heated spa pools.

Executive Suite

This suite is located on the first floor and is approximately 100m2. It has a superior king bed, large open plan area with a fully equipped kitchenette.

 

Owners Accommodation

This is conveniently located behind reception and is a very comfortable home with two good size bedrooms, separate dining and large open plan living. It enjoys views of the lake.

 

A truly unique property with excellent attributes and enjoying a good level of business.

 

 

 

 

 

 

 

 

 

 

 

 

 

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 | Taupo and Central Auckland

M: +64 21 666 991

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

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