High profile location, almost on the corner of Lake Terrace and Napier Road
Freehold tenure of approximately 2,555sqm
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 balconiesKaraka 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.
216 Lake Terrace, TaupoOpen in map