79 Mere Road, Taupo, North Island
Baycrest Thermal Lodge - New 30 year lease
SOLD
Business Description
Baycrest Thermal Lodge is a longstanding proven performer with strong and increasing revenue.
Superbly positioned with panoramic lake and mountain views from its elevated position, and only a 150m walk to experience thermal lake edge bathing, and in close proximity to local bars, restaurants and the CBD.
Well-constructed in timeless design after the style of the Millbrook Resort with suites configured to suit all guest demographics.
A new geothermal bore and resource consent to heat the domestic water, underfloor heating, the beautifully landscaped inground pool and private thermal tubs in the outdoor garden courtyards of all the ground floor units.
All of this is completed with a large well-appointed three-bedroom, two bathroom owners home and adjoining reception.
After an almost full refurbishment and placed now to continue reaping the rewards of the return to normality, the current owners say it is time to retire.
This is truly a one-off opportunity to secure one of Taupo's best motels, call us today for a private viewing.
bayleys.co.nz/2801950
Business Summary
Complex Information
Complex Type: n/a
Key Investment Insights
1. Strong and increasing revenue over time
2. Prime location with panoramic lake and mountain views
3. Close proximity to popular attractions and amenities
4. Well-constructed and designed in a timeless style
5. Geothermal bore and resource consent for heating
6. Includes a large, well-appointed owner's home and reception area
7. Recently refurbished and ready to continue reaping rewards
8. One-off opportunity to secure one of Taupo's best motels
9. Includes private thermal tubs and a landscaped pool
10. Proven performer with a long-standing history of success.
