A highly visible motel in central Taupō is available for purchase through a receivership sale, giving buyers the opportunity to acquire a strategically positioned asset with value-add potential.
Located at 39 Kaimanawa Street, less than 500m from the CBD, the property has 10 self-contained units as well as a three-bedroom manager’s residence.
The 2,023sq m landholding has frontage to Kaimanawa and Te Heuheu Streets and sits opposite the Taupō Medical Centre.
Known as Kiwi Cove Motel, the property was previously named the Adelphi Motel and has recently returned to traditional motel operations following a period of alternative use.
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With direct access to one of Taupō’s major arterial routes, the location also provides guests with the opportunity to easily access the famous lakefront and the town’s lively hospitality precinct.
Acting on instruction from the Receiver of the owner, Jay Property Management Limited (In Receivership), Colliers Taupō Brokers Hugh Milloy and Michael Jones have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Thursday 27 August, unless sold prior.
The property is being sold on an ‘as is, where is’ basis.
The buildings at the property cover approximately 620sq m and the existing units are presented in a range of configurations. There is also generous on-site car parking.
Milloy, Investment Sales Broker at Colliers Taupō, says prospective purchasers have the chance to acquire an asset with substantial future potential.
“Depending on the preferences of the buyer, there is scope to expand the number of units at the property, subject to the relevant consents,” Milloy says.
“The current site coverage allows room for expansion, and the new owner could grow the revenue stream from the asset through active management, refurbishment, or proactive marketing strategies.”
Known for its world-class trout fishing, picturesque lake, and wide array of lifestyle activities, Taupō has long been a sought-after destination for national and international tourists. It is surrounded by some of the country’s most beautiful natural scenery with mountains and native bush all only a short drive away.
It also plays host to a busy events calendar, including the Lake Taupō Cycle Challenge, IRONMAN New Zealand, the ITM Taupō Super 440 Supercars race, the Across the Lake Swim, and the Taupō Marathon. There is also the Graffiato: Taupō Street Art Festival and international music acts at the Taupō Summer Concert.
Data from Infometrics notes steady population growth in the District during the past five years with average annual growth of 1.2 per cent, compared with the national figure of 1 per cent.
There has also been an uptick in business units to meet that growth and the total number of business units in the District measured 5,976 in February 2025, up 1.8 per cent from a year earlier.
Jones, Investment Sales Broker at Colliers Taupō, says with a busy local events scene, the new owner will have the chance to capitalise on consistent visitor numbers.
“The location of the motel means it benefits from a high volume of passing traffic and offers rapid access to a host of key amenities, including retail stores and food and beverage outlets,” Jones says.
“Securing an accommodation asset in this prominent location opens up considerable future opportunities for the buyer, and with a year-round events schedule, the property has appealing underlying investment fundamentals.”
- Supplied by Colliers
