Listing Description
Lucrative. Quality. Destination.
650 Lake Terrace, Wharewaka, Taupo, Waikato
To be sold by tender (closes on 10 Dec)
Details
| Attribute | Value |
|---|---|
| Property use | Tourism |
| Agency reference | 2655902 |
Description
- The Landing – Taupo's premier family entertainment centre, land and buildings for sale
- A lucrative split risk investment opportunity with eight tenancies
- Strong income stream, net income $785,000.00 plus GST and OPEX
- Strategically positioned on a 1.1920ha (more or less) freehold site directly adjacent to the intersection of SH1, Lake Terrace and Anzac Memorial Drive
- Resource consent issued for proposed unit title plan
The Landing is Taupo's most popular family entertainment centre offering an extremely rare opportunity to secure a true trophy investment possessing all of the fundamental criteria for an exceptional long-term holding, providing strong returns into the future.
The property consists of four buildings on site which house the perfect mix of thrills, excitement, entertainment and delicious food with Dropzone tenpin bowling, kids bounce park, Ninja course, entertainment arcade, indoor playground, and Gutter Balls Bar & Bistro, Sit & Spin laundromat, The Cave VR Studio, Lil Luna’s Gelateria, Café Lacus, Mavericks Gastro Pub & Restaurant and conference centre licensed for 120 people, Swingers Putt Putt mini golf course plus Plug and Save EV charging station for four vehicles.
The location is superb on the intersection of SH1, Lake Terrace – the southern. gateway to Taupo town and Anzac Memorial Drive – and the entrance to Taupo Airport.
Taupo is the North Islands adventure playground and is one of New Zealand's most popular tourist destinations with a multitude of activities including water sports, winter snow skiing, world class golf courses and adrenalin packed activities such as sky diving, bungy jumping and jet boating attracting close to one million visitors annually from around New Zealand and internationally.
The Landing family entertainment centre adds another dimension to holiday activity choices providing all weather and year-round family entertainment in the North Islands adventure capital.
Ticking all the boxes with new modern buildings built 2021 - 2023, a large 1.1920ha (more or less) freehold site, superbly located with extremely high visibility, excellent access for both local and out of town visitors, and a strong income stream. Resource consent has also been issued for a proposed unit title plan for the property offering flexibility of future ownership and scope for added value for the new owner.
Prime commercial investment opportunities of this nature are rare - register your interest today to secure this one-of-a-kind destination asset!
Property Files
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