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Karaka Tree Motel

$3,650,000

Freehold Investment Central Plateau

ID: 1791

Freehold Investment With Clear Upside

Property Name:
Karaka Tree Motel
Address:
216 Lake Terrace, Taupo
Property Type:
Motels
Sale Type:
Freehold Investment
Price:
$3,650,000 
Region:
Central Plateau
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Wayne Keene

Wayne Keene

Director | Central Auckland

M: +64 21 666 991

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

Reasons to buy

  • High profile location, almost on the corner of Lake Terrace and Napier Road
  • Freehold tenure of approximately 2,555m2
  • Registered Lease expires 31st January 2027
  • 24 rooms and plenty of carparks
  • Zoning residential (9C)
  • Future upside potential upon expiry of lease - Lake views from upstairs balconies

Wayne Keene

Director | 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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Leanne Bate

Broker | Waikato & East, South, North Auckland

Leanne Bate

Mob: +64 21 0350049

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

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Property / Complex

Karaka Tree Motel is a large property on a prime Lake Terrace site of approximately 2,555 square metres.

The property is prominent being an elevated site and enjoys the benefit of entrances from both Lake Terrace and Napier Road. There are also lake views from the balconies and upper floor of the owner's home.

There are 24 generous sized rooms over two levels and a three-bedroom owners accommodation located at the front entrance off Lake Terrace.
A large conference room is located on the upper level with a kitchen facility to one side. The room has not been used for some time and has become a storage area for the current lessee.
Karaka Tree Motel also enjoys the use of a thermal bore which is located central to the complex and is serviced by way of an easement through Lot 1 at 9 Napier Road. The bore supplies heated water to the spa pools in each of the units.

The configuration is as follows.

  • 12 x Studio units
  • 11 x  One bedroom units
  • 1 x Two bedroom unit

 The 3 bedroom owner's home is ideally located at the front of the complex and adjoins the reception. The property naturally enjoys lake views and is amongst good company with 3 of the best accommodation providers directly across the road.

Some investment will be required upon the exit of the lessee however, the lease provides for maintenance to be undertaken by the lessee throughout the term of the lease.

Don't overlook this unique opportunity as freehold investments with the flexibility and upside are hard to find. 

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 | Central Auckland

M: +64 21 666 991

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

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