79 Mere Road, Taupo, North Island
Baycrest Thermal Lodge - New 30 year lease
SOLD
Business Description
• New 30-year lease with 20-year right of renewal
• Elevated site with views across Lake Taupo
• Geothermally heated private tubs, in-ground heated pool
• Executive three-bedroom owners' residence including garaging
• Significant capital expenditure over the last three years
Baycrest thermal Lodge is being offered for sale as a Going Concern, that is the business only consisting of the chattels, business goodwill and benefit of the lease term.
The property is located on the geothermal aquifer and just 100 metres from Taupo's most popular hot water swimming beach. Its elevated position provides spectacular views across the lake and mountain ranges. Baycrest Thermal Lodge is a short distance to Taupo's bustling bars, award winning restaurants and diverse central shopping precinct. The geothermal bore provides underfloor heating throughout the entire complex along with heating for the year round in-ground swimming pool. All ground floor suites include private self-fill geothermal hot tubs utilising natures medicinal waters.
Baycrest Lodge consists of 16 suites with generous configurations of studio's, one bedroom and family suites. The main building is a two-storeyed structure containing motel facilities/garaging at ground level plus owner's accommodation on the upper floor. The latter is of substantial proportions and rather more elaborate than its counterparts in most other accommodation complexes in Taupo. The reception is welcoming with the benefit of a portico Cia for those rainy days.
The business is preforming exceptionally well and is on an upward growth path, the property was recently awarded runner up of the Hospitality Awards for Excellence 2022
www.bayleys.co.nz/2801950
Business Summary
Key Investment Insights
1. Elevated location with stunning views of Lake Taupo and surrounding mountains.
2. Geothermally heated private tubs and in-ground heated pool, utilizing natural medicinal waters.
3. Executive three-bedroom owners' residence with garaging.
4. Significant capital expenditure over the last three years, ensuring a modern and well-maintained property.
5. Located on the geothermal aquifer and just 100 metres from Taupo's popular hot water swimming beach.
6. Short distance to Taupo's bustling bars, award-winning restaurants, and diverse central shopping precinct.
7. 16 suites with generous configurations, including studio, one-bedroom, and family suites.
8. Main building is a two-storey structure with motel facilities/garaging on the ground level and owner's accommodation on the upper floor.
9. Welcoming reception with a portico for rainy days.
10. Awarded runner-up in the Hospitality Awards for Excellence 2022.
11. Upward growth path, with strong performance in the business.
12. Available for sale as a Going Concern, including chattels, business goodwill, and lease term.
13. 30-year lease with a 20-year right of renewal.
14. Underfloor heating throughout the entire complex, powered by the geothermal bore.
15. Private self-fill geothermal hot tubs in all ground floor suites.
16. Located in a popular tourist destination with high demand for accommodation.
17. Potential for further growth and development in the business.
18. Well-established and reputable business with a strong customer base.
19. Close proximity to popular attractions and activities in Taupo.
20. Award-winning property with a high level of customer satisfaction.
