One of Taupō’s leading motel businesses – operating from high-end boutique premises with unobstructed waterfront views directly over Lake Taupō - has been placed on the market for sale.

Boulevard Waters motel is located approximately two kilometres from Taupō’s central hospitality precinct and comprises 10 premium accommodation suites.

Constructed in the mid-1990s, Boulevard Waters’ accommodation suites are spread across the three storeys – and all have uninterrupted views of Lake Taupō. The four ground-floor units at Boulevard Waters all have grassed courtyards, while the upper-level suites have balconies.

Room configurations range from family units sleeping up to five people, through to the two penthouse deluxe suites sleeping two people. Nightly rates at Boulevard Waters range from $199-$349, with various add-on packages available too.

Meanwhile, the owner/manager’s accommodation comprises a three-bedroom and two-bathroom dwelling with its own private courtyard space for entertaining. The motel sits on some 1,136 square metres (more or less) of land.

Interior décor at Boulevard Waters has been thoughtfully designed to give a boutique Kiwiana feel, and all units have been extensively refurbished throughout. All rooms feature king-size beds, in-room spas, air conditioning, under-floor central heating, and kitchen amenities. The business chattels are included in the sale package.

The quality of rooms within Boulevard Waters attracts both leisure and corporate clientele, and the property was painted inside and outside in 2016.

The motel has strong appeal to both domestic and international markets with consistently high review scores across several customer review platforms, and loyal repeat guests. Due to a boost in domestic travellers, the business has remained relatively immune from the downturn in international visitor numbers resulting from New Zealand’s border closures in response to the COVID-19 pandemic.

The property’s attraction is enhanced by having access down a long driveway which limits the amount of road noise and consequently creates a peaceful guest environment as well as a safe parking area for 11 vehicles, where guests can comfortably load and unload travelling gear from their cars.

The Boulevard Waters going concern motel business at 215 Lake Terrace in Taupō is being jointly marketed for sale for $1.2million + GST (if any) through Bayleys Auckland and Bayleys Napier.

Bayleys’ national director hotels, tourism and leisure Wayne Keene and Bayleys Napier hotels, tourism and leisure broker Brent Hannah say the current Boulevard Waters business owners have built up the accommodation provider to a level that can sustain a full-time management structure while simultaneously offering attractive returns to shareholders.

Alternatively, a couple could take on the day-to-day running of the business, say Keene and Hannah. The Boulevard Waters business has a lease running through to 2051 to operate from the premises.

Consistently high occupancy levels over the majority of the past five years have enabled the business to increase its average rates by 25 percent during that time, with room to increase that further once international tourists return.

A bore provides thermally-heated water for use throughout the Boulevard Waters complex – including the relaxing outdoor in-ground thermal pool.

Keene and Hannah say the Boulevard Waters business is being sold with a solid number of forward bookings. The accommodation business generates additional guest revenue by offering continental breakfast.

Alternatively, motel guests can enjoy food and beverages at the neighbouring separately run café.

Boulevard Waters operates its own websites for direct guest bookings and is also listed with accommodation websites Agoda, Trivago, Booking.com, and Expedia.

For more information contact agents Wayne Keene and Brent Hannah of Bayleys Real Estate via the contact form below. 

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