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Bayleys Hamilton, (Licensed: REAA 2008)

56 - 60 Rifle Range Road, Lake Taupo

Asking price $10,000,000

Listing Description

Listed: Mon, 5 Feb

Beechtree motel

56 - 60 Rifle Range Road, Lake Taupo, Taupo, Waikato

Asking price $10,000,000

Details

  •   1820m² Floor
  •   3888m² Land
AttributeValue
Property use
Tourism
Agency reference
2315331

Description

*Large freehold land holding of approximately 3,888sqm in two titles *Two buildings two titles. *39 rooms providing two owners accommodation if required. *Two registered leases for ease of future divestment. *400 metres to Taupo lakefront or 800 metres to town. *Unique opportunity not often found Beechtree Motel is being offered for sale as a Freehold Going Concern, this is a unique opportunity with securities by way of two separate freehold titles with registered leases back to the owners. The opportunity here is for an existing investor to secure this large double site with options to either sell the business of the entire 39 units retaining the freehold buildings or consider splitting the two properties which are both on separate titles with a combined land area of approximately 3,888sqm. Located in the middle of the North Island, Taupo enjoys the benefit of holiday makers and corporate events from both Auckland and Wellington. With the decrease of available motel rooms in Taupo over the last three or so years due to permanent letting, Taupo accommodation has enjoyed better occupancy and increased room rates. Very rarely do opportunities like this come along with such flexibility in ownership or future divestment. Beechtree is a significant asset. Please do not hesitate to contact a member of the project team in to discuss any of the content included in this document or to arrange a viewing of the property.


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Bayleys Hamilton, (Licensed: REAA 2008)

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