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Listed about 4 hours ago

ID#594476

60 Tarewa Road,

Rotorua City

Rotorua
PBN
3,094
(33,303.51 sq.ft.)
8,096
(87,144.53 sq.ft.)

Tourism rights, geothermal, and ripe for revival

28 chalets, with 7 freshly refurbished and 15 stripped to be refurbished
64 lodge rooms with common kitchen, lounge, laundry and bathroom facilities
Large licensed restaurant and bar facility within the main lodge building
Conference room for circa 200 pax with significant kitchen facilities
On-site managers accommodation (3 bedroom)
12 powered camp sites plus 5-6 non powered sites
Separate tenanted 3-bedroom home returning $500/week
All on a freehold 8,046sqm site held in seven individual titles, this unique opportunity sits within a Medium Density Residential zone and boasts valuable existing use rights for tourism operations. Whether you envision a boutique resort, a wellness retreat, or a mixed-use residential development, the canvas is yours to complete.

Located just a stone's throw from Kuirau Park - a geothermal attraction, Rotorua Aquatic Centre, and a short 1.5km stroll to the lakefront.

Geothermal heating runs throughout the site " fueling an outdoor pool, radiators in every room, and underfloor heating in key communal areas including the conference room, café and reception.

With structural bones in place, this is a rare chance to acquire a project mid-flight " saving time and capital. All that's needed is your vision and commitment to return this property to its former glory.

Opportunities of this scale, in this location with geothermal access, are virtually irreplaceable - A must view for tourism operators and developers.

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Mark Slade

Bayleys Rotorua Success Realty Ltd 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!

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Damien 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

Media Specialist

Rotorua

ID#594476

60 Tarewa Road,

Rotorua City

Rotorua
PBN
proudly marketed by
Mark Slade Damien Keenan
Bayleys Rotorua Success Realty Ltd MREINZ
Mark
+64 27 498 8911
Damien
+6421397919
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