Mike Houlker of Bayleys Auckland and Gary Harwood of Bayleys Taupo are offering the property for sale as part of Bayleys Total Property portfolio, with tenders closing at 12 am on Thursday, December 6, at Bayleys Auckland Central office, 4 Viaduct Harbour Ave, Maritime Square, Auckland, unless it sells before that by private treaty.
The freehold property is a substantial double-storey building of 1117sq m on an 877sq m site.
"Originally built in the 1980s with various extensions and refurbishments undertaken during the subsequent years, the vendor's valuers have apportioned the total building areas as 562sq m ground floor, 375sq m first floor and 180sq m of verandas and balcony," Houlker says.
"There are eight on-site carparks and access to nearby public carparks."
Prominent neighbouring businesses include KFC, Lone Star, Burger Fuel and Bayleys Taupo office.
"Seldom does a property become available in this location and with such an excellent tenant profile, along with potential for future added value," Houlker says.
"This is Taupo's No1 position in the heart of the holiday town's tourism and hospitality hotspot."
The recently completed East Taupo Bypass and realignment of State Highway 1ne has alleviated heavy traffic flow along Lake Terrace, allowing greater connectivity between the restaurants and the lake.
Geographically, the town centre is constrained by the lake, river and main arterial road, providing a compact central retail and service hub.
"Businesses with food and beverage do well in this prime lakefront position," Harwood says.
"The vendors' valuers have also advised that there is future redevelopment potential by converting the upper floor to apartments.
Vital statistics
On offer: Large commercial retail building.
Address: 10 Roberts St, Taupo.
Location: Lake Taupo waterfront.
Feature: Four strong brand tenancies.
Sales method: Tenders close December 6 at Bayleys Auckland.
