57 Raukura Street Turangi, Taupo District

15 Units, plus 3 bedroom bungalow, plus freehold section. - Unlock the potential of this substantial property in Turangi, set on 5,685 sqm of freehold land with mature grounds and established improvements, offering an exceptional opportunity for investors, developers, project hunters, or owner-operators seeking to create significant value.

• Revitalise the Motel Business. The complex comprises of 14 Strata titles units with 15 units and 3 brm house

8 studio units
2 one-bedroom units
5 two-bedroom units
3-bedroom manager's residence
Separate freehold section
Restaurant/café with semi-commercial kitchen
Laundry and guest laundry facilities
Reception/motel office

• Investment Opportunity
Based on an independent rental appraisal, the property has the potential to generate an attractive gross yield of approximately 13% - $247,312 per annum rental income

• Development / Sell-Down Potential
Explore the possibility of refurbishing and marketing the units individually for sale (subject to all necessary approvals). The scale and layout present exciting opportunities for those seeking to add value.

Exceptional Value - With a current Capital Value of $2,750,000, this property offers substantial improvements and landholding.
Zoning: General Residential

Properties of this scale, with multiple income streams, rarely come to market whether your vision is long-term investment, future development, a substantial home and income opportunity.

The existing improvements, infrastructure, and multiple titles provide a solid foundation for the next owner to realise the property's full potential.

Bring your imagination-this could be the project you've been waiting for.