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ID#564063
99 Lake Road,
Ohinemutu
Rotorua
PBN
3,479m²
(37,447.61 sq.ft.)
proudly marketed by
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.
Location
Agents
Mark Slade
Rotorua, Success Realty MREINZ
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
Mark originated from Timaru, where his family has a tradition in the Real Estate Industry.
Before moving to Rotorua in 1993, Mark completed a Bachelor of Commerce Degree, majoring in valuation and property management at Lincoln University and after the required experience gained the title MREINZ. Mark went on to managing and owning, in conjunction with business partners, several Real Estate sales companies. "Bayleys" being the dominant brand.
Together with his wife Denise and their two sons, they own several investment properties and their family enjoys many leisure activities that Rotorua has to offer, including fishing, mountain biking and boating. Mark is further involved with the community, as a committee member of the "Rotorua Property Investors Association" and the local "Mid Island Gymnastics Association"
Commercial and Industrial has been Mark''s passion since his move to Rotorua, and more recently his knowledge and experience has extended into the sale of Motels, Holiday Parks and a variety of business transactions.
Mark is committed to his clients and is always enthusiastic and driven by the thrill of helping people achieve their Real Estate goals!
read moreDamien Keenan
Rotorua, Success Realty MREINZ
Licensed Real Estate Salesperson (REAA 2008), Licensed Real Estate Agent (REA 2008), Member of the REINZ
This property was photographed by
Rebecca Lowe
Rotorua
ID#564063
99 Lake Road,
Ohinemutu
Rotorua
PBN
proudly marketed by