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Purpose Built Lodge - 10 Year Lease

Taupo Central, 1/130 Heuheu Street

$859,000 Plus GST (if any)

Listing Number: TPO28282
About this listing
Previously run as a successful backpacker's lodge, 1/130 Heuheu Street (aka Bradshaws Lodge) has recently been leased to a registered charity for a 10-year term at a commencing rental of $58,000 per annum + GST + Outgoings. The tenant is also responsible for maintaining the property plus all building services and car parks in good order and repair.

The purpose-built Lodge is a short 600 metre walk both into town and to the edge of Lake Taupo.

The key features are:
- 1009m2 freehold site
- 352m2 in area.
- 11 separate bedrooms, 6 with ensuite
- 2-bedroom manager's flat
- Well equipped kitchen
- Large living/dining space with wood-burner opening to deck
- Outdoor entertaining area
- Separate TV room with wood-burner
- 3 communal showers & 2 toilets for 5 rooms without ensuite
- Internal courtyard
- Separate laundry
- Parking at rear of site
- Security cameras
Property Information
  • Approx Floor Area: 352 sqm
  • Land Size: 1009 sqm
  • Property Type: Tourism / Motel / Hotel
  • Property Details: Tenanted Investment
  • Tenure: Fee Simple
  • Tenancy 1: Area Sqm: 352, Commencement Date: 01 May 2018, Expiry Date: 30 April 2028, Rental net/gross p.a.: 58000, Review Dates: 01/05/2023, Tenant Name: Visions of a helping hand, Term (years): 10
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