Are you ready to take on a high turnover, high profit business? If so, the purchase of the 21-year Lease of Lakefront Lodge in Taupo is for you!
Lakefront Lodge has become a well-recognised landmark on the shores of Lake Taupo, distinguished by its distinctive log cabin-style architecture, that was entirely transported from South Africa. Offering a ski-lodge feel with a lakeside position.
The property occupies a 2,198m2 site, with a building footprint of approximately 1,747m2. The current owners have undertaken refurbishment works, modernising some of the guest rooms and bathrooms. The lodge offers a total of 45 rooms, predominantly studio-style hotel rooms with ensuite bathrooms. In addition, there is a dedicated two-bedroom apartment that is currently rented as accommodation but could readily serve as a manager’s residence if required.
This well-performing operation with strong seasonal occupancy. While some of the rooms are compact, the pricing reflects this positioning and appeals to the family budget market, as well as some corporate travellers.
The onsite restaurant is leased to "Social Club", which pays rent along with a contribution toward utilities and rates for the space. The restaurant typically operates for lunch and dinner service but will also open for breakfast when the lodge is particularly busy. This arrangement enables a new owner to provide a hotel-style guest experience without taking on the operational risks and staffing requirements associated with running a food and beverage operation.
The price point of $1.8M (plus GST if any) reflects the high profitability of this business. On completion of a Confidentiality Agreement, qualified buyers will receive further details.
