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Taupo

29 Tongariro Street, Taupo, Taupo

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2,166sqm Floor area
3,487sqm Land area SQM

Asking Price NZ$9,600,000 + GST

 (if any)

Iconic landmark site offers rare opportunity


- Multiple tenancies with sound tenure
- 3,487m² of freehold land offering one of Taupo CBD's largest privately owned landholdings
- Net rental income of $661,752pa + GST
- High profile corner site
- Further vertical development opportunities exist
- Registered valuation of $9,600,000 carried out in February 2016, available upon request

The sale of the iconic CBD commercial property known as 'The Lake Hotel' site offers a rare opportunity for the discerning commercial investor to secure a prime site right in the heart of
Taupo's tightly held CBD.

Attractive rental returns, long-standing tenants and an opportunity to further capitalise on the development opportunities, makes this site an exciting investment.

Gary Harwood

Gary Harwood


Westerman Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Building Size


2166m2 (more or less)

Land Area


3487m2 (more or less)

Location


Located in the central shopping precinct of Taupo Town.