31 Titiraupenga St, Taupo, North Island

Lease for Sale: ASURE PRINCE MOTOR LODGE, Taupo – Prime Location, Versatile Accommodation

NZD $2,750,000

Business Description

This leasehold opportunity provides both immediate financial returns and long-term security.

With a well-established reputation and efficient operational systems, the current leaseholders have ensured strong financial performance and consistent growth, making this an ideal business for those looking to capitalise on Taupo’s thriving tourism and corporate market.

Strategically located in central Taupo, just minutes from the town centre and Lake Taupo, attracting steady foot traffic and high repeat bookings from both tourists and locals.

The Asure PRINCE is known for providing a relaxing and enjoyable stay.

Financial Strength:

Consistent Performance: The property consistently delivers strong occupancy rates and a growing Average Daily Rate (ADR), ensuring a healthy and reliable return for the leaseholder.
Long Lease Term: With 26 years remaining on the 35-year lease, this offering provides long-term security. The lease offers an attractive rental rate, with bi-annual reviews providing fair and favorable terms for the leaseholder.
Well Managed and Meticulously Maintained: The current leaseholders have established an outstanding reputation, implementing well-structured systems and processes that consistently deliver strong financial performance and professional operational results.
Property Features:

Accommodation: 32 generous ground-floor units, including configurations for families, groups, and business travellers. These include Studios, One Bedroom Shower units, One Bedroom Bath units, One-Bedroom Spa Suites and a One Bedroom Accessible Unit, all including shower cabinets and featuring modern amenities such as air conditioning, underfloor heating, free Wi-Fi, 50″ SMART TVs with Sky+ and Netflix enabled, and well-equipped kitchenettes.
Location: Situated in a prime central Taupo location, only a two-minute walk to the Town Centre, offering a variety of shops, cafes, and over 40 restaurants. The shores of Lake Taupo are also just a short stroll away—perfect for an evening walk before dinner.
Conference Room: A well-appointed space catering for up to 30 people, ideal for small conferences, corporate meetings, or private functions. The room comes with audio-visual equipment, high-speed Wi-Fi, and flexible catering options.
Parking & Access: Secure off-street parking for all guests is easily accessible from all units with two conveniently located EV chargers available. The well presented accessible room has tailored facilities for guests with mobility needs.

Facilities:

Manager’s Residence: A 3-bedroom residence with a generous living area, complemented by an additional apartment with 1-bedroom and lounge (potential to be used as an additional bedroom). Together, they provide the potential for a total of 5 bedrooms and 2 bathrooms — ideal for management or onsite staff accommodation.
On-Site Commercial Laundry: A fully equipped laundry facility with new smart technology machines enabling fast and economical in-house laundry. To reduce capital costs high quality bed linen is currently hired externally.
Guest Laundry: A well-maintained Guest Laundry is provided, and is coin operated providing an additonal income covering all costs.
Recent Upgrades: The property benefits from significant recent improvements, including the installation of two new hot water boilers, large-screen SMART TVs. Also new Sleepyhead Super King beds in all units.
Business Opportunities:

Corporate Functions: The conference room offers an additional avenue for business, with the potential to host a variety of events, conferences, and meetings.
Tourism & Hospitality: With its central location, the Asure PRINCE Prince Motor Lodge is perfectly positioned to take advantage of Taupo’s thriving tourism industry, attracting guests year-round.
Location Highlights:

Walk to Taupo’s town centre with shops, cafes, and restaurants.
Just minutes from Lake Taupo, offering endless recreational opportunities.
Easy access to local attractions such as Taupo Bungy, Taupo DeBretts Hot Springs, and Maori Rock Carvings.
This well-established property is a fantastic opportunity for a new owner to continue providing high-quality, affordable accommodation to Taupo’s growing tourism market.

Business Summary