A deal to be done for fun

The Landing offers a range of all-weather entertainment options for visitors and locals.

The land and buildings underpinning a landmark Taupō entertainment centre have been put on the market for sale.

The Landing sits on almost 1.2 hectares at southern end of Taupō.

Tenants include Dropzone Taupō, which offers tenpin bowling, a kids bounce park, Ninja course, an entertainment arcade, an indoor playground and Gutter Balls Bar & Bistro.

Other attractions include The Cave VR Studio, Swingers Putt Putt mini golf course, Lil Luna’s Gelateria, Café Lacus, Mavericks Gastro Pub & Restaurant and conference centre -  licensed for 120 people - and the Sit & Spin laundromat and a Plug and Save EV charging station for four vehicles.

It has established itself as a must-visit destination within the central North Island, with four near-new buildings housing eight tenants offering a vibrant mix of thrills, excitement, entertainment and enticing food.

Leases generate a combined net rental return of $785,000 plus outgoings and GST per annum. It is being marketed as a lucrative split-risk “trophy” investment.

The property housing The Landing, at 650 Lake Terrace, Taupō, is being offered for sale through Gary Harwood and Lisa Christensen of Bayleys Taupō. It will be sold by way of a tender closing on Wednesday December 10, unless sold prior.

Harwood said the property represented a unique opportunity for commercial property investors to gain a stake in Taupō’s most popular family entertainment centre.

“Buyers have an extremely rare chance to secure a true trophy investment with all the fundamental criteria for an exceptional long-term holding, providing strong returns into the future from multiple diverse tenants.”

There are 3,713 square metres of near-new buildings, built between 2021 and 2023 on 1.19 hectares of freehold land.

Harwood says resource consent has also been issued for a proposed unit title plan for the property, offering flexibility of future ownership and scope for added value for the new owner,” he said.

Christensen said the location is “superb”, at a pivotal junction of three key roads: State Highway 1, offering excellent connectivity to all major North Island population centres; Lake Terrace, the southern gateway to Taupō town; and Anzac Memorial Drive, the main road to Taupō Airport.

 “This is a high-profile, high-visibility position which is easily accessible from all local residential areas, and by out-of-town and international visitors to Taupō.