215 Lake Terrace, Waipahihi, Taupo

Nestled at 215 Lake Terrace, Waipahihi, Taupo, this exquisite commercial accommodation property, Boulevard Waters, boasts 10 luxurious boutique rooms – six one-bedroom units, and four large studios, all perched right at the lakeside of Lake Taupo. The freehold property features roughcast walls and an iron roof in average condition, with a floor area of 740 square feet and a land area of 1136 square meters. It includes 11 carparks and is as close to the lake as one can get, ensuring uninterrupted views of the lake and the central plateau mountains. Each room is tastefully updated with a unique Kiwiana touch, including king size beds, in-room spas, air conditioning, high-speed Wi-Fi, and kitchen facilities.

As for financials, the property has seen a significant Capital Value increase of 44.12% from $3,060,000 in 2019 to $4,410,000 in 2022. The HouGarden AVM estimates the property at $4,032,500, with the latest sale recorded at $4,000,000 in 2024, a substantial rise from the 1996 sale of $731,000. This well-established business offers exceptional returns with a loyal client base.

Educationally, the property falls within the zones of Hilltop School, a Full Primary with a decile rating of 9, and Waipahihi School, a Contributing school with a decile rating of 7, making it an attractive option for families.

Updated on December 18, 2024