Rotorua Central, Rotorua

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.