Biggest commercial block comes on to market

An aerial shot of the commercial property landholding for sale in Taupo.

The biggest singularly owned commercial property landholding in Taupo's central business district has been placed on the market for sale.

The 3487sq m of buildings sitting on 2723sq m of land is on the corner of Tongariro and Tuwharetoa streets. Tenancies on the site include Cobb & Co, Finn MacCuhal's Irish Pub, a backpackers, a fast food outlet, and an art gallery.

The freehold block consists of four adjoining buildings - the core of which was once the original Lake Hotel dating back to 1952. The other three buildings have been added to over the ensuing decades, with the most recent being constructed in 2009.

The land is zoned 'pedestrian precinct' under Taupo District Council's plan. The buildings and land are being marketed for sale by Gary Harwood of Bayleys Taupo through a tender process closing on June 1.

Mr Harwood said the corner premises strategically straddled Taupo's two distinct retail strips - the busy Tongariro St and the town's six-block retail 'hub' running between Tongariro and Titiraupenga streets.

"It's easily the biggest commercial block in central Taupo to have come onto the market in the past two decades," he said.