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1203-1207 Eruera Street,
Rotorua City
Rotorua
Inner-City freehold development opportunity
This tidy inner-city commercial property presents a compelling opportunity for owner-occupiers, developers, and investors seeking future-focused value in a high-demand urban location.
The property comprises 506sqm of freehold land, improved by a well-maintained commercial building currently configured as two separate retail/warehouse spaces of approximately 247sqm each. The building is owner-occupied and utilised for storage/warehouse purposes, offering flexibility for immediate use, repositioning, or redevelopment.
Importantly, the Vendors have confirmed Council consent for a comprehensive redevelopment, significantly enhancing the site's underlying value. The approved scheme provides for a new multi-level mixed-use development, comprising:
Two ground-floor commercial retail units of approximately 63sqm and 90sqm, prominently fronting busy Eruera Street, benefiting from strong exposure, pedestrian activity, and passing traffic.
In addition, sixteen residential studio apartments, two ground floor and fourteen on two upper levels, each approximately 30-34sqm, designed to meet strong demand for compact inner-city accommodation. This consented development offers an attractive blend of commercial income at street level and residential density above, aligning with current urban intensification and mixed-use planning objectives. The configuration is well suited to investors seeking diversified income streams or developers looking to capitalise on an approved, ready-to-execute project in a proven inner-city location. With freehold tenure, opportunity to generate existing holding income, motivated vendors and a clearly defined development pathway, this property represents a rare opportunity to secure a strategically positioned site with immediate utility and significant upside.
Location
Agents
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!
read moreBrei Gudsell
Bayleys Rotorua Success Realty Ltd MREINZ
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
As an agent representing one of the country's most dynamic real estate brands, you can rely on Brei Gudsell to deliver the utmost professionalism and dedication to achieve all of your commercial real estate needs. From your very first meeting to the final closing, Brei provides the best-in-class service to help you with your real estate transactions. Equipped with the finest tools and technology, and industry know-how, Brei will guide you through every step of the process.
Brei returned to Rotorua in early 2016 to pursue an interest in commercial real estate. She holds a business degree in financial economics and previously worked as a research analyst for Bayleys head office, Auckland. During her tenure as a commercial agent with Bayleys Rotorua, Brei has been involved in a diverse array of transactions. Her grasp for business has laid the foundation for her success. Brei prides herself on best of practice marketing techniques. Her core values are based on honesty, determination and diligence. She has strong interpersonal and problem solving skills.
My focus is on building and retaining client relationships.
Brei has the acumen that any business owner or client can appreciate when dealing with commercial
real estate. She successfully delivers value-added marketing, analytical data and strong negotiation skills that engender trust and achieve positive outcomes. Her real estate services are tailor-made and the data she compiles allows clients to make informed decisions.
Brei works with all aspects of commercial real estate and has a track record for closing deals from small business opportunities to multi-million dollar transactions.
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