Versatile Taupō Office Ready for New Owners

A smart, modern office building is for sale with a drawerful of options for investors and owner-occupiers and significant future upside potential on Taupō’s CBD fringe.

The versatile property on Tūwharetoa Street contains some 400 square metres of well-appointed office space, plus plenty of on-site parking – a treasured commodity in a highly accessible location 250 metres from the town centre.

The office is occupied by a respected chartered accountants’ practice, generating a holding income of $100,000 plus outgoings and GST per annum.

Currently tenanted until August 2027, with potential for vacant possession if required, it offers new owners a combination of immediate income and future flexibility.

Bayleys salesperson Lucy Baxter said the existing lease enabled new owners to enjoy secure short-term cashflow while positioning for owner-occupation, re-leasing, or longer-term options to add value.

“A generous more than 1,000-square-metre freehold landholding, and medium-density residential zoning with commercial use consent, allows for ongoing office use, plus potential for alternative use and future intensification, subject to district plan provisions.

“Long-term prospects are supported by rising demand for commercial and mixed-use properties in this strategic location east of the town centre,” Baxter said.

The land and buildings at 109 Tūwharetoa Street are being offered to buyers by way of a tender closing on Wednesday 24 June (unless sold prior) through Bayleys Taupō.

Baxter said the “immaculately presented” office was finished to a superior standard with attention to detail throughout.

“Quality construction, modern design and fit-out, and an adaptable layout make this a practical and appealing workspace. Thirteen on-site car parks add a rare level of convenience for staff, clients, and visitors in this location.

“Combined with high visibility and exposure, these amount to compelling advantages that can attract and retain a variety of professional occupiers.

“A general shortage of well-located, mid-sized office spaces on the CBD fringe adds further to tenant demand and the opportunity to add value by resetting rents,” Baxter said.

The Tūwharetoa Street premises are surrounded by complementary businesses and offices within a vibrant professional hub. Shops, cafes, essential services, and public transport are within an easy walk, while excellent road access ensures seamless connectivity across the town and further afield.

Beyond practicality, the location also offers attractive lifestyle benefits being close to Lake Taupō and various local recreational amenities.