112 Mangaroa Street, Tokaanu, Turangi, Waikato

Tokaanu Lodge Motel is a long-standing and much patronised 14 unit motel complex sited in the popular and historic village of Tokaanu near the shores of Lake Taupo.

Providing a comfortable rest for travellers and holiday makers, the venture offers a position close to the mountains, lakes, thermal walk areas and also features its own thermally heated and mineral hot pools with a new bore.

There is a two bedroom manager's cottage onsite, utility and laundry room, a large garage and 14 units of a varied configuration, capable of sleeping up to 96 people. Improvements have been made over the years to the interior and exterior of the complex including redecorating, painting, heatpumps and some updated modern kitchens.

For added traveller convenience the motel is pet friendly and wifi is available.

There is future development potential if the next owner desired to sell off unit titles.

Sited on leasehold land with 21 year perpetual leases.

Selling as a going concern including the buildings.

This property is to be sold on a Plus GST (if any) basis and offers are invited over $730,000.