Prime Property with Development Potential
Harness the power of nature with a geothermal bore on-site.
Benefit from easy accessibility with three separate road entrances.
Generous land area of 3,479sqm, this property presents an opportunity for redevelopment.
Located in the heart of Rotorua, this exceptional development property offers a unique investment opportunity. Boasting 3,479sqm of freehold land, adjacent to the Utuhina Stream, near Ohinemutu Village, this premises is truly a gem in one of New Zealand's most desirable tourism locations.
The property features 670sqm of buildings spread across seven separate multi-dwelling structures. The property is zoned Residential 3, and has in the past accommodated solo visitors to large families in them, for tourist accommodation and more recently emergency housing. The builds are now are in need of a modern upgrade or demolition.
Don't miss this incredible opportunity to acquire a property in Rotorua's sought after Lake Road location. With its strategic position, geothermal benefits, and potential for development, this property is a fantastic investment for the discerning buyer.