For sale
57 Raukura Street,
Turangi, Taupo District
Asking price of $2,300,000 plus GST if any
Property details
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Agents
Ray White Ellerslie: Now Realty Limited Licensed (REAA 2008)
1/101 Main Highway, Ellerslie Auckland City 1051
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16 Titles - Turangi - $2,300,000 + GST (if any)
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.
• 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.
Inspections
Explore the area
School catchments
- Te Kura o Hirangi Composite Years 1-15 State 1.2km
- Tongariro School Composite Years 1-15 State 1.5km
- Kuratau School Full primary Years 1-8 State 16.9km
- Te Kura o Waitahanui Composite Years 1-15 State 33.1km
- Te Kura o Ngāpuke Full primary Years 1-8 State 35.6km
- Ōwhango School Full primary Years 1-8 State 36.6km
- Waipahihi School Primary Years 1-6 State 39.5km
- National Park School Full primary Years 1-8 State 40.2km
- Hilltop School Full primary Years 1-8 State 41.2km
- Taupo School Primary Years 1-6 State 41.5km
- Taupo Intermediate Intermediate Years 7-8 State 41.7km
- St Patrick's Catholic School (Taupo) Full primary Years 1-8 State integrated 41.8km
- Lake Taupo Christian School Composite Years 1-15 State integrated 42.0km
- TKKM o Whakarewa I Te Reo Ki Tuwharetoa Composite Years 1-15 State 42.1km
- Tauhara College Secondary Years 9-15 State 42.2km
- Taupo-nui-a-Tia College Secondary Years 9-15 State 42.3km
- Tauhara School Primary Years 1-6 State 42.5km
- Te Kura Kaupapa Maori o Taumarunui Composite Years 1-15 State 45.6km
- Taumarunui High School Secondary Years 9-15 State 50.2km
- Ruapehu College Secondary Years 9-15 State 57.7km
- Taihape Area School Composite Years 1-15 State 75.7km
- Reporoa College Secondary Years 7-15 State 77.8km
- TKKM o Te Hiringa Composite Years 1-15 State 84.4km
- Tokoroa High School Secondary Years 9-15 State 85.7km
- Forest View High School Secondary Years 9-15 State 86.3km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
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Contact Greig Kirby
Contact Greig Kirby
Greig Kirby
57 Raukura Street, Turangi 3334
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Greig Kirby
57 Raukura Street, Turangi 3334