CBD
0
0
N/A
224sqm
382sqm
CBD
Auction
Tuesday 24th July - 1pm
Motion Entertainment, Conference Centre, 346 Te Ngae Road, Lynmore, Rotorua
proudly marketed by
Rotorua, Success Realty MREINZ
Red hot development opportunity
• Location, location, location: on busy Arawa Street in Rotorua CBD with attractive street frontage • Opportunity: beat the rush to locate your business or develop two doors from the new 5 star Pullman Hotel • Redevelopment - City Centre 1 zone allows to build up and make better use of the current site 1151 Arawa Street is a hot property. Steeped in history, this 1937 building was one of the first commercial retail stores in Rotorua; Hannahs Shoes occupied the 224m² building for decades. As the retail sector of the CBD moved from Arawa Street, the location morphed into a popular and sought-after hospitality location; an array of bars and eateries populate Arawa Street. The location so sought after that the Zen building has been secured as Rotorua's first 5-star hotel; the Pullman group are proposing completion 2019, so beat the rush for space on Arawa Street. The 382m² site is freehold and has a 224m² building. The current configuration allows for up to 5 car parks. This earthquake prone building has some fire damage in the kitchen so this presents the perfect opportunity for redevelopment. The zoning is City Centre 1 so you can utilise the air space and go double storey. The location is supreme, opposite the new library, on the bus route and strolling distance to everywhere. The position, almost next door to a Pullman Hotel puts this property on the top of the potential list. Where there is smoke, there is fire - this Property is Hot!
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Rotorua