Taupō entertainment hub for sale

The freehold land and buildings underpinning a landmark Taupō family entertainment centre have been put on the market for sale.

The complex known as The Landing sits commandingly on a nearly 1.2-hectare site at a key intersection on State Highway 1, at the resort town’s southern fringe.

It has fast established itself as a must-visit destination within the central North Island tourist mecca, with four near-new buildings housing eight tenants offering a vibrant mix of thrills, excitement, entertainment and enticing food.

With leases generating a combined net rental return of $785,000 plus outgoings and GST per annum, the site is being marketed as a lucrative split-risk “trophy” investment of rare quality.

The property housing The Landing, at 650 Lake Terrace, Taupō, is being offered for sale through Gary Harwood and Lisa Christensen of Bayleys Taupō. It will be sold by way of a tender closing on Wednesday 10th December, unless sold prior.

Harwood said the property represented a unique opportunity for commercial property investors to gain a stake in Taupō’s most popular family entertainment centre.

“Buyers have an extremely rare chance to secure a true trophy investment with all the fundamental criteria for an exceptional long-term holding, providing strong returns into the future from multiple diverse tenants,” he said.

The Landing features a rich variety of entertainment options for the whole family, including Dropzone Taupō, which offers tenpin bowling, a kids bounce park, Ninja course, an entertainment arcade, an indoor playground and Gutter Balls Bar & Bistro.

Other attractions include The Cave VR Studio, Swingers Putt Putt mini golf course, Lil Luna’s Gelateria, Café Lacus, Mavericks Gastro Pub & Restaurant and conference centre, which is licensed for 120 people, along with the Sit & Spin laundromat and a Plug and Save EV charging station for four vehicles.

The approximately 3,713 square metres of near-new buildings sit on some 1.19 hectares of freehold land with plenty of on-site parking. The land forms part of the General Rural Zone under the Taupō District Plan.

Areas of adjacent land are leased from NZ Transport Agency for overflow parking, staff parking and the green-turfed Ninja course, with the rental recovered by the property’s owners through outgoings paid by the lessees.

“With modern buildings constructed between 2021 and 2023, a large freehold landholding, a superb location with extremely high visibility, excellent access for local and out-of-town visitors, and a strong diversified income stream, this property genuinely ticks all the boxes,” Harwood said.

“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,” he said.

Christensen said The Landing was an established destination that complemented other major visitor attractions in the Taupō area.

“The location is superb, right at a pivotal junction of three key roads: State Highway 1, offering excellent connectivity to all major North Island population centres; Lake Terrace, the southern gateway to Taupō town; and Anzac Memorial Drive, the main road to Taupō Airport.

“This is a high-profile, high-visibility position which is easily accessible from all local residential areas, and by out-of-town and international visitors to Taupō.

“The Taupō area is renowned as the North Island’s adventure playground and one of New Zealand's top tourist destinations, attracting close to a million domestic and international visitors annually.

“The area has long been famed for its multitude of activities, including water sports, skiing and world-class golf courses, as well as adrenaline-packed pursuits such as skydiving, bungy jumping and jet boating.

“The Landing family entertainment centre adds another dimension to holiday activity choices for visitors to Taupō, providing all-weather and year-round family entertainment in the North Island’s adventure capital,” Christensen said.